Forecasts of tighter LNG supplies along with volatile prices for the next few years are keeping buyers on edge and are impeding the push towards alternative energy sources. As a result of these factors, energy security has become a top… Read More ›
pressures
Turkey will face sanctions if provocative unilateral actions don’t stop: EU
On Friday, having attended a meeting of the 27-nation EU’s leaders, European Commission President Ursula von der Leyen stated, the bloc could impose sanction on Turkey if it continues its acts of “provocations and pressures” in the East Mediterranean. “We… Read More ›
Passenger airlines industry could lose up to $113 billion revenues in 2020 because of Coronavirus: IATA
On Monday, in a statement the Airports Council International (ACI) Asia-Pacific stated, airport passenger traffic in the Asia-Pacific region is likely to shrink by 24% due to China’s coronavirus, thus causing a loss of $3 billion in airport revenues. Cancellation… 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 ›
Societe General SA to trim jobs at its global banking and investor solutions business
The yet to be officially announced move is aimed at offsetting regulatory cost pressures. On Friday, as per a report from Bloomberg, French bank Societe General SA, plans on trimming thousands of jobs at its global banking and investor solutions… Read More ›
Donald Trump fires fresh salvo at China, imposes 10% tariffs on Chinese imports worth $200 billion
In a strategic move aimed at positioning itself in a stronger position during negotiations, U.S. President Donald Trump has imposed a 10% tariff on Chinese exports to the U.S. for goods worth $200 billion. The tariff is applicable to the… Read More ›
Pace of growth of U.S. economy picks up in first quarter
Gross domestic product (GDP) estimates for the April-June period, are above the 4% annualized rate and are double the 2.0% pace logged in the first quarter. During the second quarter of 2018-2019, the U.S. economy has continued to maintain its… Read More ›
Berenberg slashes Telecom Italia’s price target
The price cut comes midst political headwinds and issues stemming from new competition and corporate governance. With Berenberg cut its price target on Telecom Italia (TIM), citing headwinds stemming from governance issues and new competition, TIM’s share prices fell more… Read More ›
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