Landon: Chris Watling, a British analyst, warned about the drop oil prices to 10 dollars per barrel in next few years. He said that, “Development in electric cars will cause significant events around the world. As 70 percent of all the crude oil produced is used for transportation. We cannot forget that approximately 120 years ago the world was not […]
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Berlin: The outgoing German Finance Minister, Wolfgang Schaeuble, gave serious indications saying that the Central Banks like the European Reserve Bank and the US Federal Reserve have been attempting to inject trillions of dollars into the financial markets. Their attempts are giving rise to the formation of ‘new bubbles‘ which in itself is an invitation […]
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Washington: Renowned investor, Jim Rogers giving a fearful indication said, that a recession far worst than the one seen in 2007 by the US and the World, awaits all in the coming future. It has already started and the share markets in US have begun to see its consequences. A financial distress never seen by […]
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Tokyo : Record performances posted by Japan, the world’s third largest economy, has grabbed the attention of the world. Since the start of 2016, Japan’s economic growth rate has been on the rise, a feat achieved for the first time in more than a decade. With a growth rate of 4 percent, Japan has outperformed […]
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Moscow: Russia is on its toes to fight against the sanctions put by the United States. Russia has taken an impactful step by targeting ‘US Dollar’ and making a noticeable reduction of its usage in Russian economy. Russia’s Deputy Foreign Minister Sergey Lavrov shared this information. Back in 2014 when the United Stateshad forced such […]
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Washington : Christine Lagarde, managing director of the IMF (International Monetary Fund) envisioned that if Chinese economy continues to grow at the same pace, there is a possibility that within a decade the headquarters of the ‘International Monetary Fund’ could be based in Beijing instead of Washington D.C, It is being claimed that over the next few years […]
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New Delhi : The Indian company ‘ONGC Videsh Ltd.’ which has been exploring oil block in the marine area of Vietnam has received a time extension. On the contrary, China has strongly opposed the ongoing exploration activities conducted by the Indian company in the ‘South China Sea.’ Therefore, the time extension provided by Vietnam appears […]
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Mumbai : ‘RBI’ has prepared a list of 500 highest ‘defaulters’, to resolve the issue of ‘Non-Performing Asset’ (NPA). It has been observed that as per this list, 12 ‘defaulters’ owe banks around Rs 2 lakh crore and action will be taken against them as per ‘Insolvency and Bankruptcy Code’. Two days back, the Union Finance […]
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New Delhi: The Goods and Service Tax (GST) which is supposed to be the most important reform in India’s taxation system, is set to be implemented from July 1, 2017. The Chief Eexecutive Officer (CEO) of NITI Aayog, Amitabh Kant, believes that the implementation of GST can help India achieve a growth rate upto 9%. […]
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Mumbai: The IT industry in India which has seen an upsurge in the last few years, is however currently being faced with challenging financial headwinds. Under such circumstances, these challenges are leading the ‘IT’ sector companies to lay off their employees. While such fears are being voiced a new concern of its consequences affecting the […]
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