Search Results for: World Bank
Brent crude falls to 2004 low as market rout heads into Christmas
December 21st, 2015
Brent crude oil prices fell to levels last seen in 2004 on Monday, dropping below the lows hit during the 2008 financial crisis on renewed worries over a global oil glut, with production around the world remaining at or near ...
Commodity losses
December 18th, 2015
Markets have been extraordinarily complacent about the bad debts building up in the financial system. In the wake of the Fed’s decision to raise interest rates this week, the effect on debt was barely mentioned in the subsequent analysis ...
Linux Foundation Unites Industry Leaders to Advance Blockchain Technology
December 18th, 2015
New open ledger project to transform the way business transactions are conducted around the world The Linux Foundation, the nonprofit organization enabling mass innovation through open source, today announced a new collaborative effort to advance the popular blockchain technology. ...
Apple & China UnionPay to Bring Apple Pay to China
December 18th, 2015
Apple® and China UnionPay today announced a partnership to bring Apple Pay®, which transforms mobile payments with an easy, secure and private way to pay, to China. China UnionPay cardholders will be able to easily add their bank cards ...
KPMG UK announces 2.6% growth in revenues to £1.96bn
December 18th, 2015
The firm invested almost £200m in acquisitions, property and staff training Tax and audit were the firm’s highest earning services The firm, its partners and employees paid £786m in taxes KPMG, the professional services firm providing audit, tax and ...
UAE set to benefit from further China investment in 2016
December 17th, 2015
An increasing number of Chinese companies are expected to invest in the UAE’s property and manufacturing sectors next year as the government encourages companies to look overseas for growth, officials said yesterday. Chinese companies are investing more abroad, allowing ...
Blockchain consortium R3 opens its doors to exchanges and clearing houses in 2016
December 17th, 2015
Blockchain standards builder R3 has opened its doors to non-bank financial services firms including funds, exchanges, clearing houses, standards bodies and infrastructure companies, from early in 2016. R3 also announced the addition of another 12 banks, taking the total ...
What Investors May Expect in 2016
December 17th, 2015
2016 is expected to be a trying year for the financial markets and global economy as a whole. Several analysts are predicting a stock market crash, while others are forecasting a deeper recession in Europe. While there’s no way ...
Global stocks, dollar climb as Fed lifts off
December 17th, 2015
Asian stock markets jumped on Thursday as investors chose to take an historic hike in U.S. interest rates as a mark of confidence in the world’s largest economy, lifting the dollar and piling on the pain for oil prices. ...
Saudi Arabia Spends Billions to Get Asia Hooked on Its Crude Oil
December 17th, 2015
At the heart of Korea’s Onsan Refinery lies a street called “A.I. Naimi Road,” an homage to Saudi Arabia’s oil minister. The reason: state-owned Saudi Arabian Oil Co. holds a 65 percent stake in the complex. Taking a controlling ...
