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China's September Auto Sales See Highest Drop In 7 Years

There is a rising concern among economists that a slowdown in Chinese economy and an escalating trade war can see a contraction in the auto sale this year in China for the first time in decades after data revealed that sale of cars in September in the largest auto market in the world dropped to a...

Oil Could Be Closing In On $100 A Barrel - Experts

Oil investors are increasingly feeling that the price of crude would touch the $100 a barrel mark before the year-end because of the rising prospect of an abrupt shortage of supply the energy market.   There has been an appreciation of more than 25 per cent in oil prices this year which has...

Risk Warnings Against Financial Stability Due To Hard Brexit Issued By Bank Of England To EU

There is a growing risk for almost £70tn of complex financial contracts because of lack of adequate planning for Brexit by the EU according to the bank of England. This is by far the strongest such warning that the British central bank has issued on Brexit.   Even as time is running out,...

Macquarie Says Tesla Stocks Could Rise By Over 70% This Year

According predictions to market research firm Macquarie Research, the shares of electric car maker Tesla can rise by as much as more than 70 per cent even as the firm started of the coverage of the firm with an outperform rating.   "We view Tesla as a disruptive technology growth company...

Opec And Trump Go Head-To-Head, Chances Of Oil Price Spiking: Analysts

Amidst speculations by traders that the global price for crude would touch the $100 a barrel mark by the end of the year, Opec and United States President Donald Trump are both exhibiting a "show me" attitude to the uncertainty in the energy market.   "The market and certainly the U.S....

Top Analyst Paints Four End Outcomes For Nafta Deal Negotiations

According to Chris Krueger, managing director at Cowen Washington Research Group, the trilateral talks between the U.S., Mexico and Canada, can have four "endgame scenarios".   And none of the outcomes are very encouraging. The worst case scenario according to Krueger is "blow it up and make...

China Ease Rules On Popular Air Routes, Foreign Firms To Face New Competition

China is set to relax its norms for Chinese carriers in aviation which will allow such companies to enter into 20 popular long-haul routes to China which are currently operated by foreign airlines. This will increase the competition in those routes.    According to data from Chinese...

U.S. Putting 'Knife To Its Neck' Making Trade Talks Very Difficult: China

China is finding it difficult to carry out trade talks with the United States while the Trump administration places a “a knife to China’s neck”, said a senior Chinese official on Tuesday.   Chinese Vice Commerce Minister Wang Shouwen said at a news conference that the chances of renewal of...

There Will Be Huge Rise In Global Crude Demand In 5 Years Time: Opec

A report by the oil carter Opec predicts that in the next five years, there would be a drastic increase in demand for petroleum – offsetting decrease in demand because of electric vehicles, which would see global crude production reaching record highs.   Significant upward revision of...

Danske Bank Reveals True Extent Of Money Laundering Scandal Worth €200bn

The outgoing chief of Denmark’s biggest bank has conceded that most of the funds out of the €200bn that passed through its Estonian branch were money that had been laundered in countries like Russia, the UK and the British Virgin Islands and were being pumped out of those countries.   “It is...

Chilean Avocado Exports Gaining Fast Popularity In China

The Chinese consumers have apparently developed a taste for the finer nutritional produce which has been a boon for Chilean avocado growers who are now exceedingly participating the Chinese market.   "We've had very good results," Francisco Contardo, general manager of Chile's Hass Palta...

IMF Says UK Economy To Be Hit By No-Deal Brexit

There would be "substantial costs" for the UK economy if there is a "no-deal" Brexit on World Trade Organization terms, warned the International Monetary Fund.   According to the IMF, costs would have to be paid for all of the possible Bresit scenarios but if there is no deal, the there...
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