For the Chinese, this is likely to be a strategic investment to get a foothold in the European financial sector. Two sources with knowledge of the matter have revealed that the Chinese conglomerate, the HNA Group, is seeking to increase… Read More ›
economy
China making efforts to more closely link its economy with that of the U.S.
Eyeing the twin objectives of deepening its economic cooperation with the U.S. and trying to internalize its currency, Beijing has awarded asset manager BlackRock access to its capital market. In a significant development, China has allowed BlackRock, an asset… Read More ›
Saudi Arabia looking to diversify its economy through the Saudi Aramco IPO
Championed by Saudi’s Mohammed bin Salman, the Deputy Crown Prince, the world’s biggest IPO is expected to be valued to at least $2 trillion. Saudi Aramco has selected Morgan Stanley, JPMorgan Chase & Co and HSBC Holdings Plc as its… Read More ›
EU tells China to walk the talk
Although Chinese President Xi Jinping has called for “inclusive globalization” China itself has enforced strong capital controls and has placed measures that impede global investment in its economy. With Chinese President Xi Jinping talking about protectionism at the World Economic… Read More ›
Angry Bird developers set to open game studio in London
It plans on hiring nearly 20 people for its project which involves creating characters for massively multiplayer online (MMO) games. In 2016, Rovio booked a small profit in comparison to 2015’s loss. The fall of the British sterling has a… Read More ›
In a significant first step Airbus to sell 100 aircrafts to Iran
The value of the contract is not expected to exceed $10 billion. In a development that bodes well for Airbus and Iran’s lagging economy, European airplane manufacturer, Airbus, has signed a firm contract to sell 100 jets to Iran’s flagship… Read More ›
Eurozone registers its strongest manufacturing activity growth since Jan 2014
Concerted efforts at stimulating the economy by the ECB, appears to be paying off. As per the results of a survey, manufacturing activity in the Eurozone hit its all-time high in November this year. The development could be a welcome… Read More ›
Chinese economy gathering momentum for a lift-off
Beijing’s services sector has recorded impressive growth, while its manufacturing sector has just marginally improved its standing. With its property market heating up, its official Purchasing Manager’s Index is also gathering steam. 2017 could be a promising year for China… Read More ›
The Chinese make good tourists
The economic cost of the Chinese splurge abroad is offset by the surplus generated by the country’s manufacturing and trading sector. China’s foreign exchange regulator has noted that the country’s trade deficit in the services sector has yawned to $21.0… Read More ›
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