There has been an increase of pressure on the Facebook CEO Mark Zukerberg to resign from his position by its investors following a news report published in the New York Times where it has been alleged that the largest social… Read More ›
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Headwinds Could Hit US Economy Next Year, Cautions The US Fed
The US Federal Reserve Chairman Jerome Powell said that the central bank needs to think about the speed at which interest rates are to be raised because of some potential headwinds that are on the way to hit the US… Read More ›
Fully Formed Banking Union Needed By European Banks To Rival Wall Street: Deutsche Bank CEO
The head chief executive of Germany’s biggest lender believes that for European banks to be able to compete with the world’s most valuable financial institutions, there is desperate need of fully formed banking union. “We have to accelerate the banking… Read More ›
Italy Denies To Change Budget Proposal And Meet EU Directions
The stalemate between Italy and the European Commission entered a new phase of conflict over Italy’s proposed budget for next year after the populist coalition government of Italy openly defied the European Commission’s directive to make changes o t a… Read More ›
Natural Disasters And Trade Protectionism Hits Japan’s Economy
Natural disasters and a drop in exports resulted in a contraction of the Japanese economy more than was expected by the markets. Analysts said that this was a clear indication that the economy was being affected by trade protectionism and… Read More ›
New Study Blames Large Companies For Slow Wage Growth In Germany
According to the findings of a study by the Bertelsmann foundation published recently, a slowdown the growth of wages in Germany is being caused by the large companies that dominate the market. The increasing concentration of the large companies in… Read More ›
Middle East And Nearby Economies Clouded By Numerous Inter-Wound Risks: IMF
There are many uncertainties in the Middle East, according to the latest outlook from International Monetary Fund (IMF), even though it is of the opinion that in 2019, there would be benefits from the higher crude oil prices for the… Read More ›
UBS Chief Ermotti Says European Banking System Will Inevitably Face Consolidation
There is need for consolidation in the European banking system and this would become more and more inevitable with the passage of time, believes the chief of the largest bank of the continent. A section of investors policy-makers and other… Read More ›
Despite Trump Rhetoric, US Bound Exports To Increase After Talks With US, Say Japanese Firms
The intensive and relentless efforts by the United States President Donald Trump to reduce the trade deficit with Japan, expectations of an increase in exports to the US because of trade talks between the two countries was expressed by almost… Read More ›
Significant Crude Price Drop In One Month Forces Opec To Close In On Production Cuts
After almost a year of increasing oil output, the Opec and its allies are now poised to again reduce production with the aim of cutting down supply of crude to the market in 2019 to shore up prices. Saudi Arabia,… Read More ›
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