The British Chambers of Commerce (BCC) has warned of greater economic harm if the geo-political scenario does not quickly get a more stable footing. As per the British Chambers of Commerce (BCC), companies across industry segments are looking to cut… Read More ›
economy
Macron pushes France’s strategic interests in Kenya
French President Emmanuel Macron’s visit to Kenya has major geostrategic and economic implications. A strong bi-lateral relation between the two countries could largely offset China’s growing clout in the region. On Thursday, in a development that marks a deepening of… Read More ›
British lawmakers throw Britain in Chaos
Investors and analysts expect British lawmakers to firmly reject a no-deal Brexit; this opens up the possibility of a second referendum, a delayed Brexit or even a snap election. British lawmakers struck yet another blow to Prime Minister Theresa May’s… Read More ›
Britain should not go soft on economic crimes post Brexit: TSC
A report from the British Parliament’s Treasury Select Committee (TSC) has called for improving anti-money laundering standards post Brexit. On Friday, a panel of British lawmakers stated, Britain should not go soft on anti-money laundering standards in order to win… Read More ›
China’s trade surplus in February much lower than forecast
According to analysts, there are multiple factors, including an internal clampdown on riskier lending practices, slowdown in global economy and U.S. trade action, because of which the Chinese economy is cooling down. \ In February 2019, in what is possibly… Read More ›
Intesa Sanpaolo eyeing to sell $11 billion in impaired loans
Intesa Sanpaolo is Italy’s biggest retail bank. On Thursday, as per a source familiar with the matter at hand stated, Intesa Sanpaolo, Italy’s biggest retail bank, is holding talks with a unit of U.S. fund Davidson Kempner for selling $11… Read More ›
Theresa May hopes to win Brexiters with 1.6 billion pound ‘Stronger Towns Fund’
To a great extent, the fund will be used in areas north of England which have not had a fair share of the country’s prosperity. May is scheduled to present a revised deal in parliament on March 12. On Monday,… Read More ›
UK’s mortgage approvals and consumer spending defy Brexit pressures
In what is typically British, consumers have thrown Brexit-related caution to the wind and have upped their risk appetite. Here’s a snapshot of data coming out of the Bank of England. On Friday, data from the Britain’s central bank showed,… Read More ›
Infrastructure investment under pressure: China’s state planner
Investors are starting to lose confidence in local companies weighed down by a mountain load of debt.
U.S. Federal Reserve permanently bars former MD of JPMorgan Chase & Co’s Hong Kong unit
With Timothy Fletcher’s cooperation, the U.S. Justice Department, the Federal Reserve and the SEC will follow through with any pending or potential enforcement action against other individuals who are or were affiliated with the Hong Kong unit of JPMorgan Chase… Read More ›