According to Turkey’s minister in charge of EU integration, the agreement between Turkey and the European Union, to help stem the largest flow of refugees since World War II is inching closer to collapse. Omer Celik said in an interview… Read More ›
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Goldman Says Rather Than Price Setter, OPEC Is Now An Inventory Manager
Goldman Sachs analysts say that an oversupply situation would be created and a big problem faced for efforts by major oil producing nations to support prices by an increase in new production projects and a shale boom. Record production capability… Read More ›
EU Said to Rule Out U.K. Trade Talks Before Brexit Bill Deal
Until Theresa May agrees to settle Britain’s financial commitments to the bloc, European Union officials are ruling out any discussions with U.K. Prime Minister Theresa May over a post-Brexit trade deal. In the best-case scenario it may take until early… Read More ›
Thai Oil Giants Hunt For Investments And Are Armed With $11 Billion
Nearly $11 billion combined in cash and marketable securities, such as bonds and other short-term investments are lying with Thailand’s PTT Exploration & Production Pcl and its parent company. And according to Chief Executive Officer Somporn Vongvuthipornchai, in order to rescue… Read More ›
Media Expert Calls For The The Advertising Industry To ‘Cut Off The Air Supply To Fake News’
Attempts to reach mass audiences via digital automated ad placement that may support fake news sites, should be refrained from by the advertisers and the broader ad industry, a media professor has made this call. “[Advertisers] have to cut off… Read More ›
Chip Shares As Collateral For Loans Offered By Toshiba : Reuters
To secure debt refinancing, shares in its memory chip unit to creditors as collateral I being offered by Japan’s crisis-racked Toshiba Corp, reported the news agency Reuters citing people briefed on the matter. A day earlier, the conglomerate said it… Read More ›
To Make Ocean Tankers Greener And To Cut Fuel, Spinning Sail’ Rebooted
While interacting with the wind rotating columns fixed to ship’s deck cold save up to 10 percent of fuel now even as they were invented a century ago. In a step that could lead to more environmentally friendly tankers worldwide,… Read More ›
British Minister Says A Brexit Back UP Plan Ready If Talks Fail
Britain’s Brexit minister David Davis said on Sunday that in the unlikely event it has to walk away from divorce talks with the European Union without a deal the country is drawing up contingency plans to mitigate the issues that… Read More ›
China Reins In Overseas Investment After $225 Billion in Deals Last Year
In a record-breaking number that signaled to the world that Chinese business leaders were hot to haggle, China struck $225 billion in deals to acquire companies abroad last year. Now, China is telling some of its companies to cool it… Read More ›
Survey Finds Substantial Cash Risks Being Faced By Asian Millennials
Millennials in Asia are expected to carry mortgage debt into retirement or even run out of money as they face a substantial cash risk during their later years,, found a new study. While 90 percent said they expect to be… Read More ›
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