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Debdutta Ghosh


March 20 Meeting about Freeze on Oil Output Unlikely due to Iran Stumbling Block: Reuters

Sources have said that it is highly unlikely that a meeting between oil producers to discuss a global pact on freezing production will to take place in Russia on March
Published on March 10, 2016
By Debdutta Ghosh

The Rich Buy Luxury Yachts Even as Global Wealth Declines

The spending by rich had increased by 40% in 2015 compared to a year earlier even as the year was marked as one with an overall decline in global wealth
Published on March 10, 2016
By Debdutta Ghosh

Nasdaq to Buy ISE Options Exchange from Deutsche Boerse

Potentially strengthening its hand in a proposed merger with London Stock Exchange (LSE), the Deutsche Boerse is selling U.S. options exchange operator International Securities Exchange for $1.1 billion to Nasdaq.
Published on March 10, 2016
By Debdutta Ghosh

Apprehensions over Deeper Negative Rates by ECB brings down Euro

After New Zealand set the bar high with a surprise rate cut that sent its currency tumbling, expectations for a fresh shot of stimulus from the European Central Bank on
Published on March 10, 2016
By Debdutta Ghosh

Missiles Fired and Seoulโ€™s Assets Liquidated by North Korea in Retaliation to US-South Korean Army Drills

As South Korean and U.S. forces conducted massive war games on the sea, North Korea fired two short-range ballistic missiles into the sea on Thursday in defiance of a U.N.
Published on March 10, 2016
By Debdutta Ghosh

Travel on Mobile โ€“ All in for Google in this New Venture

A major upgrade about how one can browse and book holidays is to be announced by Google and it is ready and available to be downloaded on the smartphones. Two
Published on March 9, 2016
By Debdutta Ghosh

Rescue Package of Tax Breaks in Budget Called for by North Sea Oil Industry

Warning that the sector is โ€œfighting hard for its survivalโ€ amid rock-bottom prices, the North Sea oil industry has urged the chancellor to hand it a rescue package of tax
Published on March 8, 2016
By Debdutta Ghosh

$2.2 Billion Merger with SunEdison Terminated by Vivint Solar

A deal that would have seen rooftop solar panel installer Vivint Solar Inc being taken over by solar energy company SunEdison Inc was called off on Tuesday by the former
Published on March 8, 2016
By Debdutta Ghosh

Hopes of Arresting Global Population Rise on the Data of Rise in use of Contraceptives by Women: UN

Projections for global population growth could be cut by as much as 1 billion over the next 15 years due to the fact that the number of women using contraceptives
Published on March 8, 2016
By Debdutta Ghosh

Sanctions against North Korea Stepped up by China and South Korea

Stepping up sanctions against the isolated state, South Korea has announced a crackdown on individuals and companies linked to Pyongyang’s weapons program and China has barred a North Korean freighter
Published on March 8, 2016
By Debdutta Ghosh

US Fines would Result in Loss of Jobs at Volkswagen Business in US, Europe: Company Labor Chief

In a meeting with 20,000 workers at its German headquarters on Tuesday, the top labor official of Volkswagen said that depending on how big a fine has to be paid
Published on March 8, 2016
By Debdutta Ghosh

First Known Mac Ransomware Campaign Targets Apple Users

Researchers with Palo Alto Networks Inc claimed that a pernicious type of software known as ransomware was used by hackers to target Apple Inc customers for the first such campaign
Published on March 7, 2016
By Debdutta Ghosh

Chinaโ€™s Banks Lost Business Wroth an Estimated $22 Billion to Alibaba and Tencent in 2015

Chinaโ€™s banks and UnionPay have largely been left out of Chinaโ€™s mobile payment revolution despite years of trying with pilot mobile payment programs and roll-outs in major cities. Through its
Published on March 7, 2016
By Debdutta Ghosh

As Markets Lose Faith, Global Economy in for a โ€˜Gathering Stromโ€™: BIS Chief

Warning of a โ€œgathering stormโ€ which has long been brewing, the Bank of International Settlements has said that a fragile calm in global financial markets has given way to all-out
Published on March 7, 2016
By Debdutta Ghosh

Next Fiscal Year’s Growth & Price Estimates for Japan Likely To Be Cut By Central Bank: Reuters

As a weak global demand hits growth and yen rises weigh on imported fuel costs, sources close to Japanโ€™s central bank and people familiar with its thinking say that the
Published on March 7, 2016
By Debdutta Ghosh

ยฃ1m eBay Scam Leads to Arrest of Former Islamic Extremist

Suspicion of forgery of more than ยฃ1million on eBay for the purpose of funding terrorism has resulted in the arrest of a man who had earlier claimed to be an
Published on March 6, 2016
By Debdutta Ghosh

Chinese Economy will ‘absolutely not’ experience hard landing, say its Experts

Even as uncertainty and instability in the global economy continue to pose a risk to the country’s growth, China’s top economic planner said on Sunday that China’s economy isn’t headed
Published on March 6, 2016
By Debdutta Ghosh

Bank for International Settlements says Faith in the Healing Power of Central Banks Faltering

While voicing concerns over sub-zero interest rates and emerging economies, the Bank for International Settlements (BIS) said on Sunday that the financial markets’ shaky start to the year shows they
Published on March 6, 2016
By Debdutta Ghosh

Auto Consortium for Digital Mapping in Expansion Talks says Daimler CEO

A German auto maker consortium which controls the HERE digital mapping business is in talks with potential new members, reported Reuters quoting Daimler’s Chief Executive. In a step to develop
Published on March 6, 2016
By Debdutta Ghosh

Death Sentence for Corruption to Iran Billionairre Tycoon Babak Zanjani

After being accused of fraudulently pocketing $2.8 billion and after a lengthy trial process, Iran’s billionaire tycoon Babak Zanjani has been sentenced to death for corruption, a judicial official said
Published on March 6, 2016
By Debdutta Ghosh

Expanding Footprint in Premium Luggage Market, Samsonite Announces Buying Tumi for $1.8 billion

With the intention of expanding presence and reach in the global luxury luggage market, Samsonite International S.A. said on Friday it would buy Tumi Holdings Inc for $26.75 per share
Published on March 4, 2016
By Debdutta Ghosh

Stricter Banking Rules to Cover Cyber, Fraud Risks Proposed by Global Regulators

The rules that banks use to calculate the amount of capital they need to cover risks to operations from cyber attacks, fraud or hefty fines are going to be stricter
Published on March 4, 2016
By Debdutta Ghosh

Ahead of iPhone Encryption Ruling, Apple Find Support from U.S. Tech Companies

Asking a judge to support Apple Inc in its encryption battle with the U.S. government, tech industry leaders including Alphabet Inc’s Google, Facebook Inc, Microsoft Corp, AT&T and more than
Published on March 4, 2016
By Debdutta Ghosh

UBS Claims a Major Bubble Just Burst and it is Good for Stocks

Wall Street strategists claim that a major bubble in the market just burst for the bears. Better-than-expected U.S. data and a stable Chinese yuan has led to a popping of
Published on March 4, 2016
By Debdutta Ghosh

UK to Get Millions from Facebook in Taxes after a Company Policy Change

After approving fundamental changes to its corporate structure in Europe, Facebook could pay millions of pounds in UK tax. In a major change in its policy, the revenue generated from
Published on March 4, 2016
By Debdutta Ghosh

Tycoonโ€™s Punishment in China Intended to Serve as a Warning to Communist Partyโ€™s Outspoken Members

Urging other party members to learn from his example, a retired property developer who criticized President Xi Jinpingโ€™s state media clampdown is to be โ€œseriously punishedโ€ by the Communist Party
Published on March 1, 2016
By Debdutta Ghosh

Proposed Deutsche Boerse-LSE Merger could be Gatecrashed by NYSE owner ICE

Raising the prospect of a takeover battle with Deutsche Boerse and lifting LSE shares to a record high on Tuesday, New York Stock Exchange owner ICE said it may make
Published on March 1, 2016
By Debdutta Ghosh

Late Hitch in Foxconn’s Sharp Deal Results in Red Faces and Raised Voices

The simmering distrust between Foxconn and Sharp was brought close to boiling point by the late hitch to Foxconn’s takeover of Japan’s struggling Sharp Corp, said people with direct knowledge
Published on March 1, 2016
By Debdutta Ghosh

Opposition Blamed for Violations by Assad as he Backs Truce

While accusing the opposition of violating the agreement intended to halt nearly five years of fighting, Syrian President Bashar al-Assad described the cessation of hostilities in force since Saturday as
Published on March 1, 2016
By Debdutta Ghosh

OPEC Unlikely to Cut Output in June as it Keeps Watchful Eye for Iran, Russia

Since it would be too early to say how fast Iranian output is rising, OPEC is very unlikely to cut output at its next meeting in June, even if prices
Published on March 1, 2016
By Debdutta Ghosh

Deal with Morrisons Paves Way for Amazon to Enter British Fresh Food Market

In a move that would smooth its market reach in Britain, the US online retailer โ€“ Amazon, struck its first supply deal with one of the UKโ€™s โ€œbig fourโ€ supermarkets
Published on February 29, 2016
By Debdutta Ghosh

Information About Mercedes-Benz Car Emission Levels Requested by EPA

Information from the luxury car brand Mercedes-Benz to explain emissions levels in some of its cars has been requested by the United States Environmental Protection Agency (EPA), Daimler on Sunday.
Published on February 29, 2016
By Debdutta Ghosh

Official UK Report Claims Brexit Would Negatively Impact Lives of Millions

The UK governmentโ€™s first official analysis into how Brexit would unfold in practice has clearly indicated that as the UK takes 10 years to extricate itself from the EU, car
Published on February 29, 2016
By Debdutta Ghosh

1.8 Million Workers in Chinese Coal and Steel Sectors to be Laid-off

More than 1.8 million workers in China would be laid off in China, the country announced on Monday. The sectors where this restructuring would take place are in the coal
Published on February 29, 2016
By Debdutta Ghosh

Labs and Data Centers in Focus for Oil Firms with Crude Prices in a Slump

Research institutions and companies across North America are not letting up in their efforts to make production more efficient even as energy firms around the world slash spending and cut
Published on February 29, 2016
By Debdutta Ghosh

The First Trial on Cultural Destruction to be held by ICC at The Hague

A jehadi leader accused of demolishing ancient mausoleums in Timbaktu is the first case that would come up for trial in the international criminal courtโ€™s first war crimes trial for
Published on February 28, 2016
By Debdutta Ghosh

Fragile Peace in Syria Brought by Cease Fire Enters Second day

Disturbed intermittently with reports of scattered airstrikes and bombings but with an overall the slowdown in fighting, Syriaโ€™s fragile ceasefire has entered its second day. The cease fire in the
Published on February 28, 2016
By Debdutta Ghosh

Impact of Scaliaโ€™s Death in Class Actions Signaled by Dow Settlement

The death of Justice Antonin Scalia is a blow to businesses that have had success recently in challenging class action cases at the U.S. Supreme Court was evidenced when Dow
Published on February 28, 2016
By Debdutta Ghosh

Touting US Economy in a Record Year for Berkshire, Warren Buffett Defends 3G

Vigorous defenses of an aggressive private equity partner and a maligned mobile home unit was launched by Warren Buffett on Saturday as he used his annual letter to Berkshire Hathaway
Published on February 28, 2016
By Debdutta Ghosh

$3.3 Billion French Theme Park to be Built by Billionaire Wang to Challenge Disney Park of Europe

Taking on Walt Disney Co. in the euro areaโ€™s second-largest economy, a partnership led by Chinese billionaire Wang Jianlinโ€™s Dalian Wanda Group co. plans to invest more than 3 billion
Published on February 27, 2016
By Debdutta Ghosh

Honeywell’s $90.7 Billion Offer Rejected by United Tech

Claiming that pursuing a merger would be “irresponsible” toward its shareholders, U.S. industrial conglomerate United Technologies on Friday rejected a $90.7 billion offer by rival aerospace supplier Honeywell International Inc.
Published on February 27, 2016
By Debdutta Ghosh

Ultra-Easy Policy for Growth Not The Answer For World Economy Say The G20

It was necessary to look beyond ultra-low interest rates and printing money to shake the global economy out of its torpor said the world’s top economies declared on Saturday while
Published on February 27, 2016
By Debdutta Ghosh

Silence Greets Syrian Battle Fields as Truce Takes Effect

Described by the United Nations as the best hope for peace in five years of civil war, a cessation of hostilities appeared to hold for its first day as guns
Published on February 27, 2016
By Debdutta Ghosh

Apple Defeated in Legal Battle over Patent Feud with Samsung in US Court

A federal apppeals court on Friday overturned a 2014 verdict that slapped the South Korean tech giant with nearly $120 million in damages for copying certain iPhone features in what
Published on February 26, 2016
By Debdutta Ghosh

Even After Winning Solar Power Trade Dispute with India, the US Might Soon Wish it hadnโ€™t

With a World Trade Organization ruling in its favor this week, the United States remains undefeated in trade disputes with foreign companies and governments. However the ruling, viewed by some,
Published on February 26, 2016
By Debdutta Ghosh

Crucial Meeting Between Sharp, Foxconn Chiefs After Deal was Halted: Reuters

A day after the world’s largest contract maker of electronic goods put its takeover of the Japanese firm on hold, the chief executives of Sharp Corp and Foxconn plan to
Published on February 26, 2016
By Debdutta Ghosh

iPhone Request is Unprecedented’ says Apple in Court Filling

Claiming the unlocking an encrypted iPhone belonging to one of the San Bernardino shooters would violate its free speech rights and override the will of Congress, Apple Inc struck back
Published on February 26, 2016
By Debdutta Ghosh

ICBMs Test Fired by US to Stress Its Power to Russia, North Korea

Seeking to demonstrate its nuclear arms capacity at a time of rising strategic tensions with Russia and North Korea, the U.S. military test-fired its second intercontinental ballistic missile in a
Published on February 26, 2016
By Debdutta Ghosh

Resolution on Embargo on Arms Sales to Saudi Arabia Passed in Voting in EU Parliament

As a mark of protest against Saudi Arabias heavy bombing campaign in Yemen, members of European Parliament have voted for a European Union-wide arms embargo against the gulf country. Citing
Published on February 25, 2016
By Debdutta Ghosh

US Draft Resolution on Sanctions Against North Korea Placed I UN Security Council

A draft resolution that would expand sanctions against North Korea over its latest nuclear test will be submitted by the United States to the U.N. Security Council on Thursday, a
Published on February 25, 2016
By Debdutta Ghosh
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