Floating storage off Singapore is a less visible number is flashing a warning sign for the global oil industry, say analysts, even as oil prices have been pushed to their lowest levels of 2017 as U.S. crude inventories surged by 8.2… Read More ›
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OECD’s Global Economic Outlook Shows Lots to Worry About
The Organisation for Economic Cooperation and Development is of the view that potential currency volatility, overblown stock markets, or risks from increased trade barriers may not be withstood by the global economy and it may not be strong enough. The… Read More ›
Cash Registers Isn’t Likely To Get A Ringing By Japan’s Drive To End ‘Death By Overwork’
Proposing fresh legislation limiting overtime, potentially to 45 to 60 hours a month, the Japanese government is taking aim at the workforce’s reputation for long hours. 23 percent of companies have workers putting in more than 80 hours of overtime… Read More ›
Analyst Predicts Bitcoin Could Trade Above Gold and Hit $3000 By This Year End
A senior analysts is of the opinion that bitcoin could be trading above gold by the end of the year and the price of bitcoin could hit s much as $3,and this digital coin could hit a fresh record high. According to… Read More ›
Row Over South Korean Missile Shield Plans Results In Chinese Companies Boycotting S Korean Retailer
After South Korea’s Lotte Group agreed on Monday to provide land to host a US anti-missile system that Beijing sees as a threat to national security, Chinese media reported the several Chinese companies have said that they will no longer… Read More ›
Banks paid $321 billion in fines after the 2007-2008 financial crisis: Boston Consulting Group
The fines indicate the growing efficiency of regulators in ensuring compliance from banks midst efforts made by the Trump administration to loosen banking laws. As per a note prepared by the Boston Consulting Group, with regulators stepping up their scrutiny,… Read More ›
After Fed Speakers Jolt March Hike Odds Higher, U.S. Treasuries Plunge
U.S. traders ramp up bets that the central bank will raise interest rates in the middle of next month after comments from Federal Reserve officials which led to a plunge in the U.S. treasuries. He expects a rate boost to… Read More ›
European Energy Seen to be Dominated by Putin’s Russia for Two Decades
Ever since supplies from its eastern neighbor dropped during freezing weather in 2009, Europe has wanted to wean itself from Russian natural gas. However the region has never been more dependent almost a decade later. Gazprom PJSC accounts for about… Read More ›
VC Founder Says Battle For Fintech Crown Post-Brexit Will Be Between Ireland And Germany
Waiting for the time when the U.K. leaves the European Union (EU), Ireland and Germany are all poised to step up to fill a void as leader of Europe’s fintech scene, according to the co-founder of a global venture capital… Read More ›