Trading News

HSBC misses on earnings expectations for 2018, blames US-China trade war and slowdown in the UK

By Katherine Miller February 21, 2019

Declaring the annual financial report card for 2018, HSBC on Tuesday admitted falling short of expectations on several fronts, following a challenging fourth quarter. Markets across the globe experienced sharp falls in business activity during the last quarter. Europe’s largest bank’s reported pre-tax profits for 2018 stood at $19.89 billion, a 15.9% jump from the […]Continue Reading

Opinion & Analysis

RBS Profits Soar More than Double, as Lender Issues Dividends Worth £1.6 Billion

By Katherine Miller February 19, 2019

The Royal Bank of Scotland (RBS) has reported profits of £1.62 billion for the year ending 2018. The year on year profit growth has been over 200% from £752 million in the preceding year. The Bank has revealed a near £1 billion windfall for the taxpayer. This is the bank’s second consecutive year yielding profits, […]Continue Reading

Company News

Ford Focuses on Doubling Profit

By Katherine Miller January 28, 2019

Jim Hackett, Chief Executive of Ford Motor Co, said on Thursday that the company would be aiming to double its annual operating profit this year. Ford, the No.2 automaker in the U.S. had mediocre gains last year. Hackett’s comments on the coming year’s profits were made in an email to the employees at Ford. Ford […]Continue Reading

News

Tamil Nadu Intends to be the popular hub for defense sectors, aerospace, sights investment of worth $15 billion

By Katherine Miller January 26, 2019

The Tamil Nadu government in considering an investment of worth $15 billion in the aerospace and defense department during the next 15 years to enable the State the most popular hub for both the sectors. When Nirmala Sitharaman revealed the most awaited desirous aerospace and defense policy, the Defence Minister investment of $15 billion was […]Continue Reading

Company News

Alipay secures smooth business amidst Brexit tensions

By Katherine Miller January 23, 2019

China’s leading mobile and online payments app Alipay has received e-money license in Luxembourg. Alipay already holds a license issued by Britain’s Financial Conduct Authority. Luxembourg, a small country between Belgium, Germany, and France gave Alipay the surety of uninterrupted and smooth business in the event of a strong exit of UK from the European […]Continue Reading

Opinion & Analysis

Exchange-traded notes to attract Wall Street Investors, claims CBOE Analysts

By Katherine Miller January 21, 2019

As per recent news, Ed Tilly who is the CEO, president and chairman of Chicago Board Options Exchange (CBOE), said that to attract Wall Street Investors, it is important that exchange-traded notes (ETNs) from Bitcoin (BTC) is made public. The visibility is important for the Wall Street institutional investors as far as joining the digital […]Continue Reading

Financial Planning

China’s Tax-Cut Strategy to Tackle Slowdown

By Katherine Miller January 17, 2019

As per the recent Chinese credit data, the Chinese Government is relying on the tax cut as the first line of defense against the slowing down of the economy. The data imply that the Chinese Government has accepted the fact and started taking measures for the same. Senior Chinese policy officials confirmed that more large […]Continue Reading

News

Trump Orders Fast Food after Shutdown Closes White House Kitchen

By Katherine Miller January 16, 2019

The on-going shutdown has affected the lives of many in the United States. The affected persons range from the federal employees to other businesses dependent on the Government. But, it is strange and equally surprising that the shutdown has also affected the United States President. President Trump personally paid for an “all American” feast of […]Continue Reading

Trading News

Pound Steadies After May Loses Brexit Vote

By Katherine Miller January 16, 2019

UK Prime Minister Theresa May suffered a humiliating and historic defeat on the Brexit deal in the House of Commons. Her deal was dismissed by the Member of Parliaments by 230 votes which is considered as the largest defeat suffered by a ruling government in UK’s history. 432 of the MP7s voted and out of […]Continue Reading

Stocks

Saudi Arabia All Set to Sell Assets Worth $11 Billion

By Katherine Miller January 14, 2019

After multiple decades of dependence on oil, Saudi Arabia is finally all set to diversify its economy. As decided earlier, after a delay of almost a year, Saudi Arabia is now all set to sell assets worth of $11 billion. The Arabian Government aims for this money by 2020 through its privatization program that includes […]Continue Reading