Search Results for: Middle East
Another fall for German consumer confidence
September 26th, 2014
Consumer confidence in Germany is fading, weighed down by concerns about the economic fallout from geopolitical crises, a new poll found on Friday. “In the eyes of consumers, ongoing geopolitical tensions are now also threatening to affect the economy ...
Another Western Energy Company Ends Russian Cooperation
September 25th, 2014
ExxonMobil Corp. was the first Western company to bow to Western sanctions against Moscow and suspend offshore Arctic drilling for Rosneft, the Kremlin-owned oil giant. Now another large Western energy company, France’s Total, is ending its effort with Russia’s ...
IMF reports over Growing Risk in Global Economy
September 18th, 2014
The global economy faces a growing risk from big financial market bets that could quickly unravel if investors get spooked by geopolitical tensions or a shift in U.S. interest rate policy, the International Monetary Fund said on Wednesday. The ...
Multinational Companies aim at Low budget consumers
September 18th, 2014
For years, multinational companies had little interest in lower-end consumers, figuring no money was to be made. Now, they are increasingly attractive to all types of industries, from consumer product makers to technology businesses. Google just announced plans to ...
Two Bank of England Officials in favor of Rate Rise
September 17th, 2014
Two Bank of England policymakers again voted to raise interest rates this month, leaving the central bank divided for a second successive month, but the rest of their colleagues remained firmly against tighter policy. External members Martin Weale and ...
China and India’s growing strategic weight
September 15th, 2014
The visit of Chinese President Xi Jinping to India this week, so early in the term of India’s new prime minister, Narendra Modi, underlines the growing strategic weight of the relationship between the two countries. Modi’s prime ministership, with ...
BRICS, banking on development
September 11th, 2014
The creation of the BRICS New Development Bank (NDB) to finance infrastructure and sustainable development projects in emerging economies is a landmark achievement. Developing nations have lost faith in the current system with its strict conditions on development finance ...
Africa likely to experience oil and gas boom
September 9th, 2014
A study released by PriceWaterhouseCoopers (PwC) concluded that Africa had the potential to experience a major mid-term energy boom. The survey forecast demand for oil on the continent would “rise significantly” over the next two decades, driven by larger ...
West TX Oil Below $94 as Market Awaits Chinese Data
September 8th, 2014
Brent crude fell on Monday for a third day of losses even though Chinese trade data showed both better-than-expected exports and weak imports that might prompt help for the economy, but it remained below $101 a barrel after poor ...
Europe Needs A New Source of Oil and Gas, Fast
September 5th, 2014
Summer is over and many Europeans may have to keep warm this coming winter by thinking about their summer holidays while wrapped in blankets, praying for a short winter or for the world to come to its senses. It ...
