As OPEC, the group of oil producing countries from the Middle East, implements production cuts aimed at erasing a global surplus, oil supplies from OPEC are plunging this month, as mentioned by tanker-tracker Petro-Logistics SA. The Geneva-based consultant said that in January, the first month of the accord’s implementation, the Organization of Petroleum Exporting Countries will…
While Melissa Benoit waited for double transplant at Toronto hospital, her terminal lung infection called for risky and unprecedented procedure. Doctors in Canada have saved a young mother’s life by resorting to a radical solution –removing her lungs for six days while she waited for a transplant, in what is believed to be the first procedure of…
The average selling price for the handsets likely declined over the holidays, a crucial period for Apple, analysts say, in a sign that customers are opting for less expensive models. Analysts said that rather than the iPhone 7, introduced in September, some purchasers are settling for older iPhone 6S models. “Recent smartphone customers increasingly are…
Putting it on par with some of the best teams in the West, including seven-time European champion AC Milan, a recent investment in Chinese soccer team Beijing Guoan pegs the value of the club at more than $800 million. According to a statement issued yesterday, taking over from previous owner Chinese conglomerate Citic Ltd., Beijing-based property developer Sinbo…
As the U.K. moves closer to exiting the European Union, Credit Suisse Group AG is exploring options for expanding in Dublin, says the media quoting two people familiar with the matter. The media quoted one of the people, who asked not to be identified because a final decision hasn’t been made, as saying that the Irish…
In order to pressure his Chinese counterpart to cede ground, U.S. President Donald Trump has repeatedly attacked Xi Jinping on everything from trade to Taiwan. However doing deals could even become harder as he risks a backlash. Trump’s hectoring could stoke nationalism in a year where China’s leaders are already working hard to instill public…
While Singapore’s Temasek Holdings taking 20 percent of the offer, more than $700 million in an initial public offering is being planned to be raised by Mexican tequila maker Jose Cuervo according to an investor presentation that was revealed very recently. The business IPO presentation showed that in its delayed Feb. 8 initial public offering, priced at…
Measures are being unrolled across the continent to safeguard against fake news interfering with campaigning with a series of major European elections in the calendar for 2017. However the phenomenon, which is thought by some to have led to U.S. President Donald Trump’s electoral success, is already past its peak, according to one analyst who spoke…
As recent data suggesting success could be elusive in the near term, Apple’s ambition to make a splash in India’s growing smartphone market appears to be slipping. Analysis say that Apple now has to contend with the growing popularity of Chinese handset makers in Asia’s third largest economy apart from contending with dethroning market leader…
As the Saudi Arabian Oil Co. pushes ahead with plans for the world’s largest share sale, banks including Goldman Sachs Group Inc. and HSBC Holdings Plc are being asked to pitch for an advisory role on its initial public offering, reported the media quoting people people with knowledge of the matter. Lenders including Credit Suisse…
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