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Goldman Sachs obliges its employees to get permission to travel to Paris during the Olympic Games 2024 04/30/2024

With Banks Retreating, Chinese Companies Go "Underground" About Payments To Russia 04/29/2024

G7 countries to increase electricity storage sixfold by 2030 04/29/2024

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Economics

‘Personal Income’ Index Rises While ‘Spending Trend’ Slips Down In The U.S.

The ‘spending’ figures and the personal income trends in the U.S. exhibit opposite movements. At the end of March 2016, the U.S. witnessed a rise in its “personal income” percentage, whereby the increment was of “0.4%”. The said figure has come up after a revision of a “downwardly” “0.1%” that came...

FTSE 100 Demonstrates Poor Performance

The sinking list of FTSE 100 casts different results on different firms. Among other index, the FTSE 100 recently exhibited poor performances which were at the verge of sinking, while Standard Chartered was counted in with the “top performers” for the investors agreed on its “ongoing turnaround”....

Reuters Poll says Fed to Hold Rates in April but Raise Again in June

A latest Reuters poll showed that economists held firm to their expectations for a rate hike in June and then another by the end of this year even as hey were of the opinion that the U.S. Federal Reserve will keep interest rates steady at its policy meeting next week. The Fed, at its last...

UBS Maintains Its Forecasts On Standard Chartered

The Standard Chartered recovers “emerging markets-focused bank”. Following the “emerging markets-focused bank” recovery, the UBS demotes Standard Chartered “to 'sell'” which earlier maintained a “neutral” stance. The recovery was made for more than forty percent in comparison to its lows from the...

OPEC Oil Production May Not Have A Future

IEA’s Barol warns about the changing energy market trend which could lead to affect the OPEC oil industry. Governments had to balance on a delicate trade investment, on one side rested “conventional” energy sources’ market while on the other side the market for renewable sources. Investing in the...

Barclays Thinks Zoopla’s Evaluations Are Hiked Up

According to Barclays, Zoopla has over weighed itself. Zoopla’s evaluation was downgraded by Barclays, whereby the latter termed to the former “equalweight” as oppose to “overweight” evaluation status. However, Barclays also lifted “the price target to 295p from 270p” as it says Zoopla’s “core...

The largest US pension fund is running out of money

The present national crisis can begin in the United States, if the situation continues to deteriorate. The idea is that one of the largest pension funds in the country intends to reduce its payments to the participants. Central States Pension Fund, which handles pension benefits for current and...

Lawyers Think The Leak Caused By The Panama Report ‘Unfairly Tarnished’ Panama’s Reputation

The loss of reputation can be irreparable for future trade in Panama’s economy. The lawyers argue to prove the majority of the companies implicated to be innocent. The “biggest offshore scandal in memory” has sent businessmen, politicians and lawyers to “a diner” that started back in the 1950’s and...

With the Aim to Slim Down Bloated Steel Sector, China Looks Overseas

China said it will do more to help its firms shift capacity overseas while keeping tight control on adding new capacity at home as part of efforts to ease domestic steel and coal overcapacity. China would "strengthen financing support for enterprises 'going out'", and use loans, export...

Intel to dismiss 12 thousand employees

US chip maker Intel announced a massive downsizing of its staff. The company intends to dismiss 12 thousand people worldwide, or approximately 11% of all employees of the IT-giant. The layoffs are part of Intel’s restructuring activities. The company plans to continue to focus on chips for servers,...