News

Newmont Mining Corp to Become the Largest Gold Producer

By Norma Stanley January 15, 2019

Newmont Mining Corporations has declared that it would buy its smaller rival Goldcorp in a deal worth of $10 billion. This deal would make Newmont world’s largest gold producer at the time when easy-to-find reserves are decreasing. The deal is the second in the last 12 months. Another high profile merger happened in last September […]Continue Reading

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Cost of Shutdown to Soon Exceed Price of Trump’s Border Wall

By Sarah Lavallee January 14, 2019

After a deadlock between Trump’s administration and the Congress, the budget could not be passed. And it has been more than 22 days that the United States is facing the longest shutdown of the past few years. And now as per a study by S&P Global Ratings, if the shutdown doesn’t end in two weeks, […]Continue Reading

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North Korea Aims to Win Investments from Belt and Road Initiative

By Evan Vaughn January 14, 2019

After being infamous for facing the ire of the United States, North Korea seems to have changed its way. Though, not on its security front, it is now aiming to bring about economic development. The recent meeting between the North Korean leader Kim Jong Un and Chinese President Xi Jinping happened in Beijing. The meeting […]Continue Reading

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Ivanka Trump and Nikki Haley in Race for World Bank Chief Post

By Brian Stanley January 14, 2019

After the unexpected departure news of the World Bank President, the race is on to fill the post. Former UN Ambassador Nikki Haley and the daughter and advisor of President Trump, Ivanka Trump is among the contenders. Kim surprisingly announced his departure from the World Bank after cutting short his second term. His second term […]Continue Reading

Trading News

US Denies more Waivers on Iran Sanction

By Adrian Todaro January 13, 2019

The US special representative for Iran said recently that there would not be any more waivers on the oil sanction posed by the United States on Iran. The step has been decided to choke off Iran’s source of income further. In a news conference, he said Iran is gradually feeling isolated, and the sanctions are […]Continue Reading

Trading News

Oman’s Oil Minister says of Talks between Trump and OPEC

By Sarah Lavallee January 13, 2019

After a series of criticisms by the U.S. President Donald Trump on OPEC, the relationship of the largest economy and the biggest oil exporting congregation seems to have halted. On the same note, Oman’s oil minister Mohammed bin Hamad al-Rumhi also said President Trump has not been very fair on OPEC. The criticisms made by […]Continue Reading

News

World’s Most Expensive Divorce

By Norma Stanley January 13, 2019

After putting Amazon’s name into the most valuable list and being the richest man on the planet, founder Jeff Bezos has another feather on his cap. He is going to have the most expensive divorce. Jeff Bezos, 54, having a total worth over $137 billion through his stake in Amazon is the richest man in […]Continue Reading

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Retailers Slash iPhone Prices in China Owing to Demand

By Katherine Miller January 13, 2019

After being the bestselling smartphone in China, the premium iPhones are now losing market share in the largest smartphone market in the world. To retain the customers, retailers in China are offering huge discounts as the sale of these iPhones is struggling throughout the country. As per the customers and experts, the phones are really […]Continue Reading

Company News

Goldman Sachs Predicts Low Earning by Firms in 2019

By Evan Vaughn January 13, 2019

Goldman Sachs has predicted to see low growth in earnings for the United States in 2019. So, terming it as a disappointment, it advised its clients to stay away from the companies most dependent and leveraged to economic growth. In a research report, it had warned its bullish investors that the corporate profits of several […]Continue Reading

News

China to Introduce Tax Cuts to Boost Economy

By Brian Stanley January 12, 2019

Chinese premier Li Keqiang has stated that the tax cuts in the country are intended to boost employment and foster economic stability. China had introduced a series of measures to cool its economy in 2018 and is expected to roll out more of such support measures in 2019 to combat any risks for a steep […]Continue Reading