Search Results for: US economy
What does China own in the UK?
October 20th, 2015
China may be the world’s second-largest economy behind the US, but it has more money in the bank than any other country. Indeed three of the world’s 10 biggest sovereign wealth funds are Chinese, together holding more than $1.5tn ...
Deutsche Bank, Credit Suisse Set to Scale Back Global Ambitions
October 20th, 2015
Regulation, interest rates, economy curbing profitability U.S. firms are grabbing greater share of investment bank fees Europe’s last global banks are caving in to pressure from regulators and preparing to tell investors just how much their aspirations will shrink. ...
U.S. Stocks Steady, Despite Pressure From Lower Oil Prices
October 20th, 2015
Energy shares tumble on concerns about higher production in Iran, China’s economy U.S. stocks edged higher Monday, though a slump in energy shares kept a lid on the gains. The Dow Jones Industrial Average inched up 14.57 points, or ...
Is China Turning To Bitcoin As Yuan Devalues?
October 19th, 2015
China is seemingly buying up a lot of Bitcoin and alternative currencies like gold right now. The devaluation of their currency has been slashed over the course of the past month. The country’s Foreign Exchange Commission has ordered financial institutions to increase its checks ...
Oil prices slip as China Q3 GDP growth falls
October 19th, 2015
Oil prices dipped on Monday as China’s economic growth eased in the third quarter to grow at the slowest pace since the start of the global financial crisis. Brent for December delivery was down 18 cents at $50.28 a ...
Index Futures Drop With Asia Stocks After China GDP; Euro Rises
October 19th, 2015
Economy expands 6.9% in third quarter, beating estimates Gold retreats with copper as metals slide in data’s wake U.S. and European equity-index futures retreated with Asian shares and commodities after China reported the slowest economic growth since 2009. Treasuries ...
How VAT in UAE will impact consumers
October 19th, 2015
Impact would be negligible if VAT won’t exceed 5% and food essentials are exempted The impact of a value-added tax (VAT) system on consumers in the UAE may vary depending on household incomes and spending behavior, and how much ...
Goldman Sachs profits plunge while Citigroup prospers
October 16th, 2015
US banking giant Goldman Sachs has reported a sharp fall in profits as trading activity slowed owing to concerns about global economic growth. Net profits for the three months to 30 September were $1.43bn (£927m), down more than a third ...
Asian shares rise to two-month highs, dollar gains on U.S. data
October 16th, 2015
Asian shares hit a two-month high on Friday, catching some of Wall Street’s shine after upbeat U.S. price and jobless claims data calmed some concerns about the strength of the U.S. economy. MSCI’s broadest index of Asia-Pacific shares outside ...
The world’s biggest Trade Agreement (TPP) is concluded, which is the next trade deal you need to know
October 15th, 2015
RCEP: The next trade deal you need to know about The conclusion of the Trans-Pacific Partnership (TPP) trade agreement last week could speed up talks on its lesser-known Asia-wide equivalent, trade analysts say. Negotiators working on the Regional Comprehensive ...
