Libya’s crude output could soar as its state oil company moved toward resolving a dispute. But putting at risk political reconciliation between the nation’s rival factions and a tentative rebound in its oil production is the regional crisis over Qatar has spilled over into Libya. In a step forward in a dispute that was shutting…
Ahead of an anticipated interest rate increase from the Federal Reserve, while short-dated U.S. bond yields briefly hit multi-week highs, world stock markets rose as technology shares recovered from a recent sell-off. Record closing highs was set by the S&P 500, Dow industrials and Russell 2000. The spotlight was put on areas of the stock…
While Westminster comes to terms with a hung parliament, Britain was plunged deep into political uncertainty after last week’s inconclusive General Election. It is therefore important to understand the impact on investors over the coming months because of this. “Clearly the pound is a little bit weaker, I think it’s going to bounce around for…
After bitcoin hit all-time highs, as appetite for digital assets continues to grow, ethereum prices also surged to record levels. According to data from industry website Coinmarketcap, the cryptocurrency was trading at around $407.10 in early Monday morning trading. Since Jan. 1, when ethereum was trading at $7.98, this is a record level which marks a…
It had been months that Varuni T.V., a business professor in India, had her eye on. And Finally, her dream device, a black iPhone 5S, a model Apple Inc. released in 2013, was finally bought by her at the end of May by the 34-year-old. “It doesn’t bother me that it is several generations old,” says Varuni,…
According to Deutsche Bank, while shares in export-oriented U.K. companies could see a further rally, in the wake of the shock hung parliament result in the country’s general election, shares of U.K. companies focused on the domestic market could tumble. As soon as it was suggested that incumbent Prime Minister Theresa May and her Conservative…
Led by Cathay Pacific Airways Ltd.’s strongest gain in six years, shares of Chinese carriers surged Thursday. Just a sliver off record highs and rising 24 percent in a year is the Bloomberg World Airlines Index. And under siege for years by their unlisted rivals in the Persian Gulf have been the members of the…
As Citigroup Inc. seeks to boost its base of affluent customers in the region by at least 10 percent this year, the bank is expanding its digital-banking channels in Asia. According to Gonzalo Luchetti, Citigroup’s Singapore-based head of Asia-Pacific retail banking, deployment of technologies that allow customers to make transactions through its Internet and mobile platforms…
Established flag carriers have been forced to set up budget subsidiaries or lower fares and a club of major airlines meeting in Mexico this week were shaken by low-cost, long-haul air travel which has taken off across the Atlantic. According to data from air travel intelligence company OAG, budget carriers are trying to grab a…
Construction of one of the largest greenfield thermal coal developments approved in recent years, have been decided to be started by India’s Adani Group. However, controversy over the level of public subsidies that should be offered to the Carmichael coal, rail and port project, which could cost as much as A$16.5bn (US$12.4bn) to complete, has…
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