Stocks

Report of Third Point’s Rising Stake Sends Sony Shares Soaring

By Katherine Miller April 10, 2019

There are many funds across the world that are known for driving changes in companies in which they have significant investment and so is the case most of the time, when Third Point LLC corners a large enough stake in any company. In a new development, that is the talk of the financial world at […]Continue Reading

Stocks

India’s Diesel Consumption Forecast To Set Record In 2019

By Brian Stanley March 4, 2019

Increasing expenditure by the current government on infrastructure in an attempt to hold off rivals in the upcoming elections in 2019 may lead to an increase in diesel consumption within the country. India is the third largest oil user globally. The increasing diesel consumption by the country solidifies India’s role as a driver of oil […]Continue Reading

Stocks

Gold Prices Drop to a Two-Week Low, as Dollar Rebounds Over Trade Caution

By Brian Stanley March 1, 2019

Gold prices on Thursday dropped to a two-week low, as the dollar recovered losses after cautious comments from the US Trade Representative Robert Lighthizer which dented investors’ hope for ending the tariff war with China. As of 0340 GMT, sport gold and the US gold future slipped by 0.1% to $131850 and $1320.10 per ounce […]Continue Reading

Stocks

UBS’s Ermotti Warns about Global Market Liquidity

By Adrian Todaro January 29, 2019

In the on-going World Economic Forum, there are many insights available for the Global Economy. And as far as the market liquidity is concerned, negating the market assumptions the chief executive of Swiss bank UBS said market activity could freeze up quicker than expected. Last month, the Dow and S&P 500 equity indices were their […]Continue Reading

Stocks

Global Growth a Challenge as Asian Shares and US Stock Slips Down

By Teresa Taylor January 23, 2019

On Tuesday, the shares of the Asian countries collapsed, and the prices of oil further slipped down. This has led for discouragement about world growth, and a group of investors is staying away from the risky assets whereas sterling ticked lower during the recent twists and turns that appeared in the Brexit. After the announcement […]Continue Reading

Stocks

Saudi Arabia may Cut Oil Supply if Global Economy Demands

By Teresa Taylor January 15, 2019

The world is experiencing a slowdown in growth. Owing to the slump in demand, Saudi Arabia Energy Minister Khalid Al Falih has recently said that OPEC and all its allies are ready to respond to the global economic slowdown quickly. Al Falih told that though he did not see any big recession in the near […]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