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KPMG Survey Finds Post-Brexit Majority of UK CEOs Considering Moving Operations Abroad

There is more bad news for Britain related to its exit from the European Union.   A recent survey has revealed that following the vote to leave the European Union by Britain, at least three-quarters of British company bosses are considering moving operations abroad and out of the country....

Softening Luxury Property in U.S. is all not Bad News

The message that high end homes prices are clearly losing altitude all around the U.S. were evident from the headlines in the luxury real estate market this year which have been dour if not outright grim.   Hones priced above $1 million dipped four percent from the previous month,...

Sources Say if Iran Freezes Output, Saudis Offer Oil Cut for OPEC

In a major compromise ahead of talks in Algeria next week, three sources familiar with the discussions told Reuters that Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year.   The sources reportedly told Reuters on condition of anonymity...

Efforts to Clinch First Deal to Curb Output since 2008 in a New Push by OPEC

Algeria, which plays host to oil ministers next week, has always been the land of surprises as far as OPEC decision-making is concerned.   The market was shocked in 2004 and 2008 when unexpected announcements of production cuts to prop up prices were made at the last two meetings of the...

Case Against Chinese Agriculture Subsidies Filed at WTO by the U.S.

Alleging that American farmers are being denied the ability to compete fairly for exports to China due to the offering excessive support for the production of corn, rice and wheat by the government there, the U.S. has brought a trade complaint to the World Trade Organization against China.  ...

Fed View Only Partly Soothes Market, Global Stock Edge Up

Even as any sense of calm in European markets looked fragile, after a Federal Reserve official argued against raising U.S. interest rates too quickly, European shares rose modestly and the dollar firmed on Tuesday.   The dollar was helped to be weakened and U.S. stocks were pushed higher and...

Oil Markets would be Impacted by Fed’s Next Move: OPEC

According to the latest monthly report from oil producer group OPEC, the overall health of the energy sector and the state of global growth would be determined crucially by central banks such as the U.S. Federal Reserve.   Imminent central bank decisions and political developments were...

$190 million to be paid by Wells Frogo to Settle Customer Fraud Case

Customers at Wells Fargo, largest U.S. bank by market capitalization, were pushed into fee-generating accounts they never requested, say regulators and the bank consequently agreed to pay $185 million in penalties and $5 million to customers.   "We regret and take responsibility for any...

Despite the World's Most Extreme Market Mania, this Hedge Fund made 2,100%

Few have managed to deliver on turning volatility into opportunity as well as Wang Bing even though plenty of professional investors like to tout their talent for the same.   The most fevered speculative mania of 2016 to produce the kind of returns that only volatile markets can provide...

Fading Fed Hike Prospects Results in World Stocks Hitting a One-Year High

Due to expectations of a rise in Federal Reserve interest rates receded after weak U.S. economic data, world stocks hit their highest in more than a year and the dollar fell sharply against the yen on Wednesday.   As investors sought yield with interest rates likely to stay low for a...

Consumer Action Against Volkswagen over ‘Dieselgate’ to be Coordinated by EU Commission

In order to ensure that those European drivers and car owners who are affected by Volkswagen's cheating of diesel emissions tests are given their due, the European Commission will meet consumer groups this week to enure that the steps taken by it are enough to for the drivers and owners to seek...

Sony Ready to Take on Facebook for Leadership Place in Virtual Reality Market

It just six week that the first virtual-reality headset from Sony would be introduced into the market and Shyhei Yoshida, the head of Sony Corp.’s games development is seemingly happy and demand seems promising. Most customer who own the $399 headset already bought from at retailers around the...
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