The recently relaxed ownership norms in China has driven JPMorgan Chase & Co to apply for a permission with the Chinese securities regulator for starting of a securities business in the country with ownership of a majority stake in the new business remaining with the U.S. bank.  ...

Price of crude oil surpassed the $77 per barrel mark for the first time since 2014 following the decision of United States president Donald Trump to pull out of the Iran deal and the looming fear of re-imposition of financial and economic sanctions against Iran.   The market is however,...

The South Korean government has announced that the United States based automaker General Motors (GM) has decided to finally choose the Asian country to set up its Asia-Pacific headquarters. This is a further measure by the company as part of its commitment towards revitalizing it loss making...

Investments in solar power generation attracted the highest investments globally in 2017 according to the Global Trends in Renewable Energy Investment 2018. The investments overshot those made in coal, natural gas, nuclear and wind energy. The report was prepared jointly by UN Environment, the...

Recent unconfirmed reports in the U.K media that claimed that the country’s ministers will target hybrid vehicles in the crackdown on polluting vehicles in a new emissions program have made the car industry in the U.K. to hit out against the government.   There were reports that any electric...

There was little outcome except an agreement to keep talking after the two days of talks between the United States and China on trade.   Representatives from both the countries acknowledged major disagreements on some issues while they also managed to come to an agreement on some trade...

There is an upswing in the world’s building stock after years of stagnant growth and as there is a rebound in the global constructions markets. This has been concluded in a new report From Navigation Research   The research further expects that the trend would continue into the year and...

A new analysis from IHS Markit, a global business information provider, shows that despite a focus of the auto industry on electric vehicles and the anticipated plateauing of oil demand sin the future, there is strong demand for oil in the short-term. The report claims that this trend is expected...

Millions and millions of paper documents still form the basis for operations of some of the most advanced trading networks in the world – created because of globalization de4pswite the fact that the biggest, fastest vessels and robot-operated ports and huge computer data bases are made use of in...

According to the International Energy Agency the global oil glut is all set to be finally cleared – a problem that had resulted in the global oil industry going through its worst crisis ever since the middle of 2014, by OPEC.   The agency said that there has been a drop in global oil...

Even as China retaliates the U.S. announcement of tariffs on Chinese products in the same coin thereby invoking fears of the full blow trade war between the two largest economies of the world, this brewing trade war is proving to be a potential benefit for the Middle East.   Purchasers of...