
Debdutta Ghosh
Business & Finance
Sources Say Despite Risks, New York Favored By Saudi Arabia For Aramco Listing
Even though some financial and legal advisers have recommended London as a less problematic and risky option, Saudi Arabia favors New York for the main foreign listing of state oil
Published on August 11, 2017
By Debdutta Ghosh
Science & Technology
In The Future, UBS Analyst Says, Multiple Planes Could Be Operated From The Ground By Todayโs Pilots
Airline pilots are no exception to the trend of jobs being threatened, or at least dramatically altered, by automation. And this has become a hot topic for economists and business.
Published on August 11, 2017
By Debdutta Ghosh
Business & Finance
Tesla Wants To Test Self-Driving Tech For Semi-Truck In Nevada, A Technology That Is Developing: Reuters
Tesla Inc is getting closer to testing a prototype for a long-haul, electric semi-truck that can automatically follow a lead vehicle and move in “platoons” while driving itself, reported global
Published on August 10, 2017
By Debdutta Ghosh
Business & Finance
Crypto-Bubble Fears Stirred By Buoyant Bitcoin
Virtually as big as Goldman Sachs and Royal Bank of Scotland combined, bitcoin and other “cryptocurrencies” are big money. Dragging up the value of hundreds of newer, smaller digital rivals
Published on August 10, 2017
By Debdutta Ghosh
Business & Finance
Major Integrated Services Contract Clinched By Baker Hughes: Reuters
Contract for development Papua New Guinea’s first offshore gas field which is seen as a new model to help producers adapt to a world of low oil prices, related to
Published on August 9, 2017
By Debdutta Ghosh
Economics
As Wall Street Cuts Analyst Jobs, Funds Target ‘Unknown’ Stocks
Hot stocks like Google-parent Alphabet Inc and Visa Inc. are being outpaced by shares of industrial products maker Handy & Harman Ltd with a nearly 30-percent gain in 2017. Yet,
Published on August 9, 2017
By Debdutta Ghosh
Business & Finance
Heat Turned Up On Generic Drugmaker Deals By Wal-Mart, Walgreens, CVS
Accelerating a decline in prices likely to affect drug companies for some time, more leverage when buying generic drugs is being leveraged by the largest U.S. retail pharmacies, including Wal-Mart
Published on August 4, 2017
By Debdutta Ghosh
Business & Finance
Accusations Of Massive Money-Laundering Breaches Leveled Against Australia’s Commonwealth Bank
Accusations of widespread breaches of money-laundering and counter-terrorism financing rules were leveled against Australiaโs biggest mortgage lender, Commonwealth Bank of Australia by the government of the country on Thursday. In
Published on August 4, 2017
By Debdutta Ghosh
Business & Finance
Investors Bet On Model 3 Success Resulting In Rise Of Tesla Shares
As Tesla Inc ramps up production of its mass-market Model 3 sedans, investors continued to bet on CEO Elon Musk’s ability to successfully take the company out of “manufacturing hell”
Published on August 3, 2017
By Debdutta Ghosh
Business & Finance
In A Step Towards Launching, Amazon Picks Its First Australian Warehouse
U.S. retail giant Amazon.com has given pout signals that it is prepared for industrial strife in the world’s 12th-biggest economy โ Australia, as the retailer unveiled the site of its
Published on August 3, 2017
By Debdutta Ghosh
Business & Finance
Indonesia’s Big Tobacco Slammed By Anti-Smoking Groups For Veiled Marketing
The promotional strategy of giving retailers cash rewards, shopping vouchers and even money to renovate, anti-smoking groups in Indonesia have slammed Big Tobacco. They have also urged the authorities to
Published on August 2, 2017
By Debdutta Ghosh
Economics
Moderate Economic Growth Pointed To By U.S. Spending And Factory Data
Setting the stage for a moderate economic expansion in the third quarter, amid a slowdown in new orders and consumer spending barely rose in the prior month, a gauge of
Published on August 2, 2017
By Debdutta Ghosh
Business & Finance
U.S. Offshore Wind Sought To Be Harnessed By European Oil Majors
With the aim to leverage their experience of deepwater development and the crowded offshore wind arena at home, some European oil majors have made inroads into the emerging U.S. offshore
Published on August 1, 2017
By Debdutta Ghosh
Business & Finance
British American Tobacco To Be Investigated For Corruption By Britain
It is nearly two years since allegations of bribery in Africa first surfaced against them, Britain has opened a formal investigation into suspicions of corruption at British American Tobacco (BAT)
Published on August 1, 2017
By Debdutta Ghosh
Business & Finance
First Model 3 Electric Cars Handed Over To Early Buyers By Teslaโs Musk
Setting the stage for the biggest test yet of the company’s strategy to become a profitable, mass market electric car maker, as he handed over the first 30 to employee
Published on July 29, 2017
By Debdutta Ghosh
Business & Finance
With More Earnings On Tap, Chip Stocks Show Signs Of Slowing
As a large swath of chip names reports quarterly results in a sector that may have run up too far for some investors, the high-flying semiconductor stocks may be poised
Published on July 29, 2017
By Debdutta Ghosh
Economics
U.S. Economic Pickup In Second Quarter Likely Spurred By Consumers And Businesses
The sluggish performance early in the year was temporary could be confirmed in the second quarter as consumers ramped up spending and businesses invested more on equipment and hence the
Published on July 28, 2017
By Debdutta Ghosh
Economics
Worldwide, Stock Markets Feel Ripple Of Amazonโs Wobble
With Asian stocks retreating from recent highs and European tech shares opening sharply lower, an earnings miss by Amazon that hit U.S. technology stocks overnight rippled through into other markets
Published on July 28, 2017
By Debdutta Ghosh
Business & Finance
Even More Growth Is Expected For U.S. Oil Exports Already Touching Record Highs
As U.S. refineries seek to meet rising demand – from overseas, rather than the drivers on nearby roadways, they are producing more fuel than ever. In an outgrowth of booming
Published on July 27, 2017
By Debdutta Ghosh
Economics
After Trump Steps Back, Europe Seeks To Set Global Trade Rules
For the European Union, the next best thing could be Donald Trump’s ditching of a U.S.-led trade alliance with Pacific Rim nations even if wasn’t a gift to the EU.
Published on July 27, 2017
By Debdutta Ghosh
Economics
In Ongoing Post-Brexit Trade Pursuit, UK To Tap Mexico After US
In order to launch discussions for a post-Brexit deal as part of the Britain’s ongoing efforts to secure its trading future outside of the EU, the U.K.’s International Trade Secretary
Published on July 26, 2017
By Debdutta Ghosh
Business & Finance
Coca-Cola Profit Beat Estimates Helped By Juices And Low-Sugar Sodas
Higher demand for its healthier non-carbonated beverages as well as low and no-sugar versions of its sodas drove Coca-Cola Co’s profit, in its first quarter, as the company beat analysts’
Published on July 26, 2017
By Debdutta Ghosh
Economics
Sweet Taste For Carrefour, Biotoscana Left By Big Week For Brazil IPOs
As a nascent economic recovery and the passage of key economic reforms helped to lure global investors, the busiest week for initial public offerings in Brazil in four years ended
Published on July 24, 2017
By Debdutta Ghosh
Economics
To Stem Steadiest Fund Outflow Since 2009, S&P 500 Failing To Record Low
There are telltale signs of fading enthusiasm in U.S. stocks which have become increasingly difficult to ignore even as the S&P 500 Index clawed its way to a fresh record
Published on July 24, 2017
By Debdutta Ghosh
Business & Finance
$12 Billion To Be Invested In State-Owned China Unicom By Baidu, JD.Com And Others: Reuters
In order to jointly invest about $12 billion in the Shanghai-listed unit of China Unicom, the weakest of three big state-owned telecoms firms, Baidu Inc and JD.com will join other
Published on July 23, 2017
By Debdutta Ghosh
Economics
As Athens Considers Return To Bond Market, A Third Of Greeks At Risk Of Poverty
Analysts say that there are many structural problems that have yet to be resolved to make the Greek economy more sustainable even as the government might be preparing to return
Published on July 23, 2017
By Debdutta Ghosh
Economics
In Blow To China’s Buying Spree, U.S. Toughens Stance On Foreign Deals: Reuters
In what is a historically high number that bodes poorly for China’s overseas buying spree, a secretive U.S. government panel has objected to at least nine acquisitions of U.S. companies
Published on July 21, 2017
By Debdutta Ghosh
Business & Finance
To Avoid U.S. Sanctions, Citgo Collateral Deal Discussed Between Russia And Venezuela – Reuters
In a move to avoid complications from U.S. sanctions, to swap its collateral in Venezuelan-owned, U.S.-based refiner Citgo for oilfield stakes and a fuel supply deal, Russia’s top oil producer
Published on July 21, 2017
By Debdutta Ghosh
Economics
Central Banks Will Lead The World Into Recession, Writes A Worried Bill Gross
The damage that can be done to a debt-laden global economy by the looming interest rate increases was reiterated and is warning about by bond guru Bill Gross. The course
Published on July 20, 2017
By Debdutta Ghosh
Business & Finance
Licenses To Operate In China In Months To Be Sought By U.S. Bank Card Companies: Reuters
License requests to operate in China are being prepared to be submitted within months by U.S.-based payment card companies, including American Express, MasterCard and Visa, reported news agency Reuters citing
Published on July 20, 2017
By Debdutta Ghosh
World & Politics
Its South China Sea Territory Being Protected By Indonesia From ‘Foreign’ Threats
In a perceived act against Chinese encroachment, its maritime rights within the disputed South China are being defended by Southeast Asia’s largest economy. Indonesia has never been a player in
Published on July 19, 2017
By Debdutta Ghosh
Business & Finance
Payments Systems To Spur Fintech Opened Up By Bank Of England
With the aim of increasing competition from new fintech firms in the financial system, where the “Big Four” high street banks have long dominated, the Bank of England has widened
Published on July 19, 2017
By Debdutta Ghosh
Economics
Cash Is Rapidly Becoming Obsolete In Urban China
In China, an audacious economic phenomenon is taking place. How China is systematically and rapidly doing away with paper money and coins is the issue rather than debt, infrastructure spending
Published on July 18, 2017
By Debdutta Ghosh
Economics
In NAFTA Talks, Lowering Of Trade Deficit Made A Priority By The U.S.
The United States has said that its top priority for the talks related to the 23-year-old North American Free Trade Agreement (NAFTA) was shrinking the U.S. trade deficit with Canada
Published on July 18, 2017
By Debdutta Ghosh
Business & Finance
Lloyd’s Of London Report Says Global Cyber Attack Could Result In $53 Billion Global Losses
In a figure that is at par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd’s of London said in a report on Monday that a
Published on July 17, 2017
By Debdutta Ghosh
Economics
As Brexit Talks Resume, U.K. Seeks Progress On Citizens’ Rights
During the second round of divorce talks starting Monday in Brussels, European Union negotiators have been urged by Brexit Secretary David Davis to push for progress on resolving thorny questions
Published on July 17, 2017
By Debdutta Ghosh
Economics
Analysts Say Markets Could Question Sustainability Of โAbenomicsโ As Shinzo Abeโs Approval Rating Declines
If Japanese Prime Minister Shinzo Abeโs approval rating continues to decline, a market researcher has warned that the markets could start to question the long-term sustainability of Abe’s economic program
Published on July 16, 2017
By Debdutta Ghosh
Business & Finance
As Duterte Considers Drilling In Beijing’s Claims, South China Sea Concerns Flare Up
As Philippine President Rodrigo Duterte considers resuming energy exploration in the tension-laden South China Sea, Manila appears to be testing its relationship with Beijing. Located in the international waterway, the
Published on July 16, 2017
By Debdutta Ghosh
World & Politics
A Swarm-Like Attack From North Korea Could โOverwhelmโ South Korea’s THAAD Missile Shield
A message to nuclear-armed North Korea of the technological capabilities of the Terminal High Altitude Area Defense system was sent with the successful interception test over the Pacific this week
Published on July 14, 2017
By Debdutta Ghosh
Business & Finance
Behind One Of China’s Largest Property Deals Ever, There’s A Strange Accounting Trick
In what is one of the largest Chinese real estate deals ever made, Sunac, a Chinese property developer is buying a bunch of its theme parks and hotels from major
Published on July 14, 2017
By Debdutta Ghosh
Business & Finance
After Code Share Hitch, Buying American Airlines Stake Still Being Pursued By Qatar Airways
Even though the U.S. carrier is ending their code-share agreement, Qatar Airways said it will go ahead with plans to buy a stake in American Airlines Inc. As “an extension
Published on July 13, 2017
By Debdutta Ghosh
Economics
Wetherspoons Founder Says To Gain US-Style Immigration System, UK Should Accept WTO Tariffs
In order to regain control of its borders and establish a new points-based immigration system akin to the U.S., Britain should be willing to accept “a few tariffs” under the
Published on July 13, 2017
By Debdutta Ghosh
Business & Finance
Government Use Of Kaspersky Lab Software Limited By Trump Administration
Amid concerns the cyber security firm’s products could be used by the Kremlin to gain entry into U.S. networks, Moscow-based Kaspersky Lab was removed from two lists of approved vendors
Published on July 12, 2017
By Debdutta Ghosh
Business & Finance
The FCC’s Plans To Reverse Net Neutrality Protested Against By Google, Amazon And 80,000 Websites
In order to show their protest against the U.S. telecoms regulator’s plan to roll back net neutrality rules, an online protest on Wednesday was conducted by more than 80,000 websites
Published on July 12, 2017
By Debdutta Ghosh
Business & Finance
Regulatory Filing Shows Whole Foods Was Cornered Into Not Seeking More Bids By Amazon
New light on the $13.7 billion acquisition was shed after a regulatory filing showed that in a sale process for the U.S. grocer that involved other bidders, Amazon.com Inc had
Published on July 8, 2017
By Debdutta Ghosh
Business & Finance
With $9 Billion Oncor Deal, Buffett Bets Big On Power
Stepping up its pursuit of steady profits from utilities and infrastructure deals, Warren Buffett’s Berkshire Hathaway Inc said it has agreed to buy the parent of Texas power transmission company
Published on July 8, 2017
By Debdutta Ghosh
Economics
While Wages Continue To Lag, U.S. Job Growth Accelerates In June
In signs of labor market strength that could keep the Federal Reserve on course for a third interest rate increase this year despite benign inflation, U.S. job growth surged more
Published on July 7, 2017
By Debdutta Ghosh
Economics
Ex-IMF Chief Economist Kenneth Rogoff Says China Could Export A Recession To Everyone Else
A former International Monetary Fund (IMF) economist believes that everyone in the world would be hit by a fallout of the soaring debt levels in China which were a source
Published on July 7, 2017
By Debdutta Ghosh
Economics
EU Chief Negotiator Says UK Cannot Keep All Benefits Of A Single Market And Yet Leave It
The European Commission’s chief Brexit negotiator Michel Barnier said on Thursday that the U.K. cannot expect to leave the single market and keep all of its trade benefits. If the
Published on July 6, 2017
By Debdutta Ghosh
Economics
From Defense To Science, Agriculture And Technology, India, Israel Expand Cooperation
The way for Israeli firms to access millions of consumers and for Indian companies seeking advanced technologies would be paved by a string of deals signed this week between India
Published on July 6, 2017
By Debdutta Ghosh