Trading News

Ping An Bank: The Best Performer This Year

By Evan Vaughn March 7, 2019

Ping An Bank Co., a Chinese bank is performing at its best at the moment after its dismal performance last year. This has given hope to the investors that the strength of the lender in retail banking will help shoulder the country’s economic slowdown. Ping An Bank shares went up by 39 percent this year. This […]Continue Reading

Trading News

Oil Price Fall As U.S. Inventory Goes Up

By Brian Stanley March 7, 2019

Oil prices dropped on Wednesday as a result of the bullish output forecasts by two of the biggest U.S. producers. The OPEC led production cuts that led to a buildup of weekly U.S. crude oil stockpiles also had a role in the oil prices falling on Wednesday. International Brent crude futures dropped 39 cents to […]Continue Reading

News

Jeff Bezos, Bill Gates and Warren Buffet Top Richest Person of World, Mark Zuckerberg Down by 3 Positions – Forbes List

By Adrian Todaro March 7, 2019

The founder of Amazon Inc., Jeff Bezos holds the top position as the world’s wealthiest person; he is ahead of Bill Gates and Warren Buffet in the Forbes List, data according to recent Forbes list of the extremely wealthiest person. Meanwhile, the Facebook co-founder has slipped by 3 positions, and former New York Mayor Michael […]Continue Reading

News

Government of India and World Bank Sign 250 Million Dollar Deal; will Help Women by Boosting Rural Income Within 13 States of India

By Evan Vaughn March 6, 2019

On Tuesday, the World Bank and the Indian government sealed a deal of worth 250 million dollars for the National Rural Economic Transformation Project (NRETP). The deal will eventually assist women in rural households to build strong organizations related to farm and non-farm products. This will help women in rural households to switch to a […]Continue Reading

Opinion & Analysis

GDP Slowdown Could Instigate Rate Cuts in Australia

By Brian Stanley March 6, 2019

The Australian economy has been in doldrums over the past few months as growth came to a virtual standstill and the Gross Domestic Product (GDP) left a lot to be desired. In such a situation, an interest rate cut from the central bank is one of the most effective ways to cheapen credit and stimulate […]Continue Reading

News

Bernard Arnault the Owner of LVMH Defeats Warren Buffet as the Third Wealthiest Person of the World

By Adrian Todaro March 6, 2019

Luxury goods investor Bernard Arnault has overtaken the Chairman of Berkshire Hathaway Inc. Warren Buffest to gain the title of third wealthiest person of the world in the Bloomberg Billionaires Index list. Bernard Arnault is a Frenchman, who has added 14.5 billion dollars to his company so far during this year. And, now the worth […]Continue Reading

News

Popularity of Face Mask makes Koreans Billionaire

By Brian Stanley March 6, 2019

With Korean face masks becoming increasingly popular, they have the ability to do wonders to your skin besides building fortunes like in Kim Jung-Woong’s case. The growing importance given to skincare and beauty has helped a few Koreans amass plenty of wealth as customers look for the ever elusive dewy look. Large cosmetic manufacturers and […]Continue Reading

Bankruptcy

Total Monetary Penalty of 11 Crore Rupees Imposed on Four Banks by RBI For Delay In Executing Swift Software Directions

By Evan Vaughn March 6, 2019

The Reserve Bank of India (RBI) has imposed a total monetary fine of worth 11 crore rupees on 4 banks namely, United Bank of India, Karur Vysya Bank, IOB and Karnataka Bank for not implementing the directions on messaging software, Swift. RBI has already levied four crore rupees on Karnataka Bank, and now another fine […]Continue Reading

News

Manchester City Mostly to Invest in Indian Club

By Brian Stanley March 6, 2019

City Football Group (CFG) is the company that acquires Manchester City is planning to buy a club in India, reported by CFG executive Ferran Soriano. City Football Group also owns New York City, Melbourne City and Premier League club. The company has shares in four other sites across the world. The owners of Premier League […]Continue Reading

Trading News

Dubai Stocks or Saudi, Which to Buy?

By Adrian Todaro March 6, 2019

Saudi Arabia is an important country in the oil market and a member of the OPEC. Known for its production of natural gas and petroleum, it also has an emerging stock market called the Tadawul. It is the main stock exchange among the Gulf countries since 2007. Being a relatively new exchange, it did not […]Continue Reading