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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...

Supply Shortfall in Future Signaled by 70 Year Low Oil Discovery Rate

New fears about oil explorers and companies’ ability to meet future demand have spurned after exploration figures of the rate of discovery of new oil fields were out in the open.   The figures for 2015 show that in that year, the average oil discovery was the same as it had been in 1960. And...

Further Clues on Brexit Vote to be Provided by UK Economic Data this Week

With new figures on consumer confidence, the housing market and the embattled manufacturing sector being released this week, there will be fresh clues on how the Brexit vote has affected households and businesses.     While businesses have scaled back investment and hiring plans,...

Analysts say Tech Sector is not in Bubble Territory

In spite of concern surrounding market statistics that suggest rapid growth for the sector, fears that the tech sector is entering another bubble have been dismissed by analysts.   While technology stocks listed on the S&P 500 have risen significantly, the tech laden Nasdaq has...

Germany’s Economy Minister Announces Failed U.S.-EU Free Trade Talks

Talks on the Transatlantic Trade and Investment Partnership (TTIP), a free trade deal being negotiated by the United States and the European Union, has all but failed, said Germany's Economy Minister Sigmar Gabriel on Sunday.   "The negotiations with the USA have de facto failed because we...

Record High Stocks Likely to be Impacted by U.S. Jobs data

Crested by payrolls data on Friday that could sway expectations about the timing of future interest rate hikes and spark volatility in record-high stock prices, Wall Street will fixate on a wave of U.S. economic data next week.   Investors could be helped in lending weight to a minority of...

Ride Hailing Industry is Ripe for Competition, say Economists

The biggest move yet towards consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all game was marked by Chinese powerhouse Didi Chuxing's acquisition of Uber Technologies Inc's China operations.   Just as Uber struggled to erode Didi's share in...

Regulatory Clarity Called for by Exchanges over Blockchain Use

The world's trade body for exchanges said that a lack of clarity over regulation is holding back the development of blockchain technology for cutting the cost of share trading.   Blockchain is a tamper-proof shared ledger that can automatically process and settle transactions using computer...

As Profits Surge 166 Percent, Russia’s Largest Bank Sets Record

With banks booming while commodities companies suffered, Russia's corporations painted an accurate reflection of the state of their country's economy.   The net profit reached 145.4 billion rubles ($2.2 billion) in the second quarter of this year for Sberbank, the state-controlled lender and...

Quiet Technocrat Chosen to Replace Rock-Star Rajan at India RBI by Modi

Indian Prime Minister Narendra Modi sought someone who would cement credibility with international investors without upsetting his political base in promoting Deputy Governor Urjit Patel to lead India’s central bank. Both were successfully managed by Raghuram Rajan who steps down on Sept. 4....
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