World Economy

  • Antwerp Profiting 
    Belgium’s Antwerp port seems to be profiting the most from the ongoing congestion issues in the port of Rotterdam that is still taking its toll. 
  • Dollar Gains on Yen
    The US dollar was holding broad-based gains in Asia on Tuesday in ...
  • Amazon Slashes Price 
    Amazon has cut the price of its Fire Phone smartphone to just 99 cents – one day before Apple is expected to ...
  • Only 22% Americans Think Economy Will Improve
    Wary Americans remain in a defensive posture when it comes to their pocketbooks, and for good reason. A majority still have some serious financial issues, with only 22 percent feeling confident that...
  • Currency Swap
    Argentina will receive the first tranche of yuan worth up to $1 billion in a massive currency swap with China before the end of this year. 
  • Volkswagen Cuts Production
    Volkswagen is cutting back car production at its plant in Kaluga, Russia over weakening rouble and declining real wages.
  • Canals Schemes Miss the Trade Boat
    Vast projects to expand the Suez and Panama canals are being discussed as the biggest upheaval for decades in global maritime traffic, but experts say they could be outflanked by a trade shift...
  • Collapsing Steel Prices to Affect Iron Ore Market
    Everyone knew this was going to be a difficult year in the iron ore market. Expansions by existing producers such as Rio Tinto and BHP Billiton and ramp-ups by newer players in Australia and West...
  • Nikkei Rises as Weak Yen Lifts Exporters
    Japan's Nikkei share average rose modestly on Tuesday after the yen dropped to a six-year low against the dollar, lifting  exporters such as Honda Motor Co and Sony Corp, but weak crude oil prices...
  • Facebook Value $200b
    The stock market value of Facebook passed the $200 billion mark for the first time on Monday, surpassing Google in terms of the pace of ... 
  • 200b Yen in Chips
    Japan's Toshiba Corp will maintain an annual investment of around 200 billion yen ($1.9b) into its chip business beyond the current business year, Chief Executive Hisao Tanaka said on Tuesday.
  • Apple Now Needs a 'Killer Product'
    Apple successively redefined the MP3 player market with the iPod, smartphone market with the iPhone, and portable computer market with the iPad. Now, faced with growing competition, it needs a new '...
  • German Exports Soar to Record High
    Germany exported over 100 billion euros in goods and services during the month of July on the back of strong demand from its ...
  • Telecom Italia at Crossroads
    After losing out on a bid to take over control of Brazilian mobile phone operator GVT, experts say former Italian ...
  • Greeks Still Pessimistic About Economy, Own Future
    An overwhelming majority of eight out of ten Greek citizens are still pessimistic about the national economy and the future of their own finances, four years after the start of the debt crisis, an...
  • New EU Sanctions on Russia
    The EU says new sanctions against Russia should be adopted shortly and take effect on Tuesday, despite a Kremlin warning of ...
  • Egypt's Foreign Investment Doubles
    Foreign direct investment into Egypt doubled to over $6 billion in the financial year that ended on June 30, Hassan Fahmy, head of Egypt's investment authority, told Reuters.  
  • $30b/Year in Dirty Money Leaves Brazil
    Over $30 billion in dirty money linked to crime, corruption and tax evasion is flowing out of Brazil each year, double the amount a decade earlier, a study has found.  
  •  Pound Annihilated on Scottish Poll News
    The British Pound was dumped across the board in the early stages of inter-bank trading, following weekend poll results that show Scottish independents leading the referendum by a narrow lead.  
  • Off-Grid Electricity Project
    As Ethiopia is constructing a multi-billion dollar dam project on the Nile among several power-generation projects, European partners are ...
  • Electrolux, GE in $3.3b Deal
    General Electric Co said it has signed a definitive agreement to sell its appliance business to Electrolux AB for $3.3 billion, Reuters said.
  • Sharp to Sell US Solar Unit
    Sharp Corp is looking to sell its US-based solar energy development unit Recurrent Energy, Bloomberg reported on Monday, as the Japanese firm winds down its involvement in the solar industry to focus...
  • German Trade Surplus Up
    Germany posted a record trade surplus of 22.2 billion euros in July, suggesting Europe's largest economy could bounce back strongly in the third quarter after suffering a surprise contraction in the...
  • Anti-Inversion Tax Plan
    A top US Senate Democrat’s proposal to limit future deductions for companies that moved tax addresses out of the US as many as 20 years ago would penalize dozens of so-called inversion deals.
  • GM to Launch Hands-Free Cadillac
    General Motors CEO Mary Barra unveiled plans to make driving safer through hands-free technology, after a string of recalls that has dogged the company.

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