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

Company News

Poland may Limit Use of Huawei Phones after Chinese Official Arrested for Espionage

By Sarah Lavallee January 15, 2019

A senior government official said on Sunday that Poland could consider banning the use of Huawei products by the public bodies, following the arrest of one Huawei official from China in Poland last week. And the Polish Government also is considering passing legislation to limit the use of particular products if it poses any threat […]Continue Reading

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

News

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

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

News

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

News

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

Opinion & Analysis

UK Economic Growth Tumbles

By Teresa Taylor January 13, 2019

The United Kingdom’s economy has slowed down in the last three months and at the lowest in November. And it is the weakest in the past six months. The UK Office for National Statistics (ONS) said the economy grew by 0.3 percent during this period and it is 0.4 percent less than the growth of […]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