
Debdutta Ghosh
Economics
Alibaba’s Ma Promises to Bring One Million Jobs to U.S. after his Meeting with Trump
Alibaba laid out the Chinese e-commerce giant’s new plan to bring one million small U.S. businesses onto its platform to sell to Chinese consumers over the next five years as
Published on January 11, 2017
By Debdutta Ghosh
Economics
This Year, the Surprise Outperformer was this Asia Market
Pakistan shares still managed to be the region’s 2016 star outperformer as Donald Trump’s surprise U.S. election win put the kibosh on a late year market rally in Asia. The
Published on December 31, 2016
By Debdutta Ghosh
Business & Finance
Analysts see January as โThe First Big Testโ for OPEC Production Deal
This Sunday will mark the start of the OPEC and non-OPEC landmark deal to cut production by 1.8 million barrels a day in 2017. In order to understand whether everyone
Published on December 31, 2016
By Debdutta Ghosh
Economics
HSBC Economist says the Fed is โConstrained by the Rest of the Worldโ
According to one economist, it’s likely that the Federal Reserve will be “constrained” when it comes to raising rates even though the central bank surprised markets this month by forecasting
Published on December 30, 2016
By Debdutta Ghosh
Business & Finance
Record Amounts of Gasoline, Diesel Exported by U.S. Refiners
According to weekly government data released this week, the U.S. last week exported a record 8 million barrels of gasoline and nearly 10 million barrels of distillates. The U.S. has
Published on December 30, 2016
By Debdutta Ghosh
Business & Finance
Samsung Sellers Before Holidays Mistakenly Suspended by Amazon
For sellers of Samsung products, Amazon.com has been a rough place this holiday season. Due to apparently mistaken claims of infringement, a number of online sellers of Samsung phones, chargers,
Published on December 29, 2016
By Debdutta Ghosh
Economics
Nomura Points to Six Potential Surprises Which Could Lead to Japan’s Staid Economy Catching Markets in the Hop
Six potential major surprises which, while outside its baseline scenarios, could shake things up, including a more retail spending and workers taking time off, have been pointed out by Nomura
Published on December 29, 2016
By Debdutta Ghosh
Business & Finance
Amazon Shares Rise as it calls 2016 Holiday Season its Best Ever
As Amazon.com Incโs shares saw a rise of 1.6 percent in afternoon trade after the top online retailer called its latest holiday sale its best ever, the company shipped more
Published on December 28, 2016
By Debdutta Ghosh
Business & Finance
As China Faces Restraints, Japan Inc Could Claim Edge in Overseas Deals
As Beijing’s crackdown on capital outflows prevents some Chinese companies from making foreign acquisitions and as Japanโs cashed-up companies seek to buy growth prospects elsewhere in the world, bankers and
Published on December 28, 2016
By Debdutta Ghosh
Economics
Citi Economist says Investors have Fallen for ‘Fairy Dust’ Since Trumpโs Win
While some market watchers may say the rally has gone too far, too fast since the election of Donald Trump, it is a fact that stocks have soared to all-time
Published on December 27, 2016
By Debdutta Ghosh
Economics
JPMorgan Could Not Save Italy’s Problem Bank, Hereโs How
Monte dei Paschi di Siena, Italy’s third-largest lender, in June, reportedly refused to listen to suggestions from former Italian Industry Minister Corrado Passera in relation to potential ways for the
Published on December 27, 2016
By Debdutta Ghosh
Science & Technology
100 Percent Effective Ebola Vaccine Pass Trials
An experimental Ebola vaccine tested on humans in the waning days of the West African epidemic has been shown to provide 100 percent protection against the lethal disease in a
Published on December 26, 2016
By Debdutta Ghosh
Business & Finance
FDIC Hack Linked to China’s Military being Probed by FBI: Reuters
In a breach senior FDIC officials believe was sponsored by China’s military, source with knowledge of the matter said that the FBI is investigating how hackers infiltrated computers at the
Published on December 26, 2016
By Debdutta Ghosh
Economics
Recording Value Above $14 Billion, Bitcoin Total Value Hits a Record
As the web-based digital currency jumped 5 percent on the day to its highest levels in three years after more than doubling in price this year, the total value of
Published on December 23, 2016
By Debdutta Ghosh
Business & Finance
For Mortgage Securities Fraud, U.S. Sues Barclays, Ex-executives
In the sale of mortgage-backed securities during the run-up to the 2008-09 financial crisis, Barclays Plc and two former executives were sued by the U.S. Department of Justice on civil
Published on December 23, 2016
By Debdutta Ghosh
Science & Technology
Report says Android Implant was used by Russian Hackers to Track Ukrainian Artillery Units
According to a new report released on Thursday, a malware implant on Android devices to track and target Ukrainian artillery units from late 2014 through 2016 was likely used by
Published on December 22, 2016
By Debdutta Ghosh
Business & Finance
As Investors Question Strategy, Watchmaker Swatch goes into Car Batteries
Swatch Group was riding high three years ago. Record gross sales was reported by the world’s largest watchmaker, known for its colourful plastic watches as well as upscale brands including
Published on December 22, 2016
By Debdutta Ghosh
Business & Finance
$65 Billion Merger Outline and Ambitious Cost Savings Agreed Upon by Linde and Praxair
With the combined company to be run out of the United States by Praxair’s chief executive, German industrial gases group Linde and U.S. suitor Praxair have agreed an outline for
Published on December 21, 2016
By Debdutta Ghosh
Economics
Analysts Warn European Banking System could be Shaken by Deutsche Bankโs Failure
Deutsche Bank has still got mountains to climb, a senior director at Blackrock Investment Institute was quoted in the media saying, even while Germany’s biggest bank has made great strides
Published on December 21, 2016
By Debdutta Ghosh
Economics
As BOJ Keeps Policy Steady, Yen Eases, Asia Stocks Mixed
While regional stocks were mixed after Federal Reserve Chair Janet Yellen’s upbeat comments, shedding some gains made following killings in Germany and Turkey the yen edged down on Tuesday after
Published on December 20, 2016
By Debdutta Ghosh
Business & Finance
Credit Suisse was Proposed to Cough up $5 Billion – 7 Billion Penalty by U.S. on Toxic Debt: Reuters
Reuters reported that to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, the U.S. Department of Justice has asked Credit
Published on December 20, 2016
By Debdutta Ghosh
Economics
$270 Million Debt Could be Paid by Cuba in Rum
Rum would be used by Cuba to pay off its Soviet-era debt. Using rum and pharmaceuticals instead of money, a debt of $270 million is planned to be paid to
Published on December 19, 2016
By Debdutta Ghosh
Economics
This Week Single Market Brexit Plan to be Unveiled by Scotland
With the aim of avoiding the “national disaster” of a “hard Brexit”, Scotland will publish proposals very soon for how it can remain in the European single market after Britain
Published on December 19, 2016
By Debdutta Ghosh
Economics
As Launches Fall to Financial Crisis Levels, Number of Hedge Funds Continues to Shrink
While launches during the third quarter slumped to lows not seen since the first quarter of 2009, according to data from Hedge Fund Research (HFR), hedge fund liquidations in 2016
Published on December 17, 2016
By Debdutta Ghosh
Economics
China’s Metals Demand in 2017 could be Decided by These 5 Factors
Investment bank Goldman Sachs wrote in a note on Friday that an extension of this year’s price rally in base metals and bulk commodities in China into next year will
Published on December 17, 2016
By Debdutta Ghosh
Economics
Italy prepares to pump 15 billion euros into ailing banks: Report
Published on December 16, 2016
By Debdutta Ghosh
Business & Finance
To Reassert Dominance, Israel’s El Al Looks to New Planes
To claw back market share dented by relentless competition from low-cost carriers and a damaging dispute with pilots, Israel’s national airline, El Al, is betting on a billion-dollar overhaul of
Published on December 15, 2016
By Debdutta Ghosh
World & Politics
Possible China Retaliation Over Trump Talk Signaled by Targeting U.S. Automaker
A sign of how Beijing could retaliate if President-elect Donald Trump upends decades of relations between the two nations is China’s plan to punish a U.S. automaker accused of price-fixing.
Published on December 15, 2016
By Debdutta Ghosh
Business & Finance
As Apple Gets Set to Fight EU, Starbucks Brews Up a Tax Storm
With the details of Starbucks Corpโs appeal of a 30 million-euro ($32 million) tax repayment order being made public for the first time, the coffee chain attacked โmanifest errorsโ by
Published on December 14, 2016
By Debdutta Ghosh
Economics
Oil Market wonโt Re-Balance untill Second Half of Next Year Even with the Supply Cuts, OPEC says
It would not be until the second half of next year that it wonโt result in demand exceeding supply, while speeding up the re-balancing of the global oil market, OPEC
Published on December 14, 2016
By Debdutta Ghosh
Business & Finance
With AB Inbev Beer Deal, Japan’s Asahi Expands in Europe
The presence of Asahi Group Holdings in the eastern European region would be boosted by its buying of a group of eastern European beer brands from Anheuser-Busch InBev, in the
Published on December 13, 2016
By Debdutta Ghosh
Economics
A Potential Trump Trade War has Left these as Market Winners and Losers: JPMorgan
Adrian Mowat, JPMorgan’s chief Asian and emerging market strategist is of the opinion that investors should look to counter-intuitive investments in China and Russia to play on the possibility of
Published on December 13, 2016
By Debdutta Ghosh
Economics
Hopes for Non-OPEC Output Cuts Helps Oil Extend its Gains
Riding on optimism that non-OPEC producers would agree to cut output following a cartel agreement to limit production, Oil prices extended gains for a second session running on Friday. Seeking
Published on December 9, 2016
By Debdutta Ghosh
Economics
In Post-Brexit Deal, Banks Want to be Subject to EU Laws for Five Years: Reuters
In a move that is likely to enrage eurosceptics who want to break away from the bloc’s legal system as soon as possible, large banks in Britain want the UK
Published on December 9, 2016
By Debdutta Ghosh
Economics
Blockchain Platform Allows Confidential Trades, says Digital Asset
Digital Asset Holdings has developed a platform to allow traders to use blockchain technology without giving out confidential information on their trades, announced the blockchain startup that is backed by
Published on December 8, 2016
By Debdutta Ghosh
Economics
Amid Heightened Italy Risk, ECB Poised to Extend its Bond-Buying Program
Just days ahead of the all-important December meeting of the European Central Bank at which the bank’s president is set to reveal the future of its bond-buying program, for Mario
Published on December 8, 2016
By Debdutta Ghosh
Business & Finance
$520 Million Fine Slapped over Euribor on Agricole, JP Morgan and HSBC by EU
For the alleged participation in a cartel to manipulate the price of the Euribor financial benchmark, the European Commission has fined Credit Agricole, HSBC and JPMorgan Chase) a total of
Published on December 7, 2016
By Debdutta Ghosh
Business & Finance
Huge Drug Price Hike in 2012 Attracts Record $107 Million fine against Pfizer by Britain
For the role that Pfizer played in ramping up the cost of an epilepsy drug by as much as 2,600 percent, the company has been slapped with a record 84.2
Published on December 7, 2016
By Debdutta Ghosh
Business & Finance
Challenging Established Supermarkets, Amazon Opens Line-free Grocery Stores
A new competition with supermarket chains was sparked off as Amazon.com Inc opened a brick-and-mortar grocery store in Seattle without lines or checkout counters, the online retail giant announced on
Published on December 6, 2016
By Debdutta Ghosh
Economics
Ahead of ECB, Euro and Global Stocks Hold Italy-Related Gains
While Euro’s bond yields dipped in line with U.S. peers as oil saw its first fall for five days, the region held firm on Tuesday, having seen a wild 3-cent
Published on December 6, 2016
By Debdutta Ghosh
Business & Finance
Research Claims while 2016 Sales Reached Nearly $500bn, Global Advertising Spend to Slow in 2017
Noting the lowest growth rate that has been recorded since the 2008-09 global financial meltdown, a slowing global ad spending in 2017 is likely continue due to the economic and
Published on December 5, 2016
By Debdutta Ghosh
Economics
Now that Italy has Voted No, hereโs What Mario Draghi and the ECB could do
In the wake of Italy’s outright rejection of proposed constitutional reforms in Sunday night’s referendum, expectations that the European Central Bank (ECB) will announce a six-month extension of its massive,
Published on December 5, 2016
By Debdutta Ghosh
Business & Finance
Starbucks Shares Fall as CEO Steps Down to Focus on High-end Coffee
Handing the top job to Chief Operating Officer Kevin Johnson, a long-time technology executive, Starbucks Corp co-founder Howard Schultz will step down as chief executive to focus on new high-end
Published on December 2, 2016
By Debdutta Ghosh
Economics
After Cash Crunch, Dramatic Slowdown in Indiaโs Economic Growth Anticipated
Data that upholds its ranking as the world’s fastest-growing economy have been revealed by India once again. But as a cash squeeze engineered by Prime Minister Narendra Modi’s government looks
Published on December 2, 2016
By Debdutta Ghosh
Business & Finance
A Growing Trend for Toronto Pet Owners are Medicinal Pot Products: Cannabis for Canines?
Humans aren’t the only ones sniffing out cannabisโ medicinal uses as legalized pot is on the horizon in Canada. In Toronto where owners are seeking out alternatives to help their
Published on December 1, 2016
By Debdutta Ghosh
Economics
November Growth for Asiaโs Factory Activity, but Analysts say it may have Peaked
Masking concern about the protectionist leanings of U.S. President-elect Donald Trump and an OPEC-induced oil price rally, China’s factories notched their strongest growth in activity in two years and Japanese
Published on December 1, 2016
By Debdutta Ghosh
Business & Finance
The UKโs New ยฃ5 Note is Not Making Vegetarians Happy
“We can confirm that the polymer pellet from which the base substrate is made contains a trace of a substance known as tallow,” the Bank of England, said in a
Published on November 30, 2016
By Debdutta Ghosh
Economics
Bank of Englandโs Growing List of Concerns is Topped by Chinaโs ‘Extraordinary Leverage’
According to a report published on Wednesday which warns that risks to global stability have spiked in the past six months, China, euro zone sovereign debt and the potential fallout
Published on November 30, 2016
By Debdutta Ghosh
World & Politics
Diplomats say Strict North Korea Sanctions to be Voted in UN Security Council on Wednesday
North Koreaโs export earnings would be slashed by some $800 million as the United Nations Security Council is set to vote on Wednesday to impose new sanctions on North Korea
Published on November 29, 2016
By Debdutta Ghosh
Economics
Economist say Another European Banking Crisis Could be Sparked off by Italyโs Referendum
A senior economist is of the opinion that another banking crisis in Europe could be sparked off by this Sunday’s referendum in Italy. “In my view the biggest risk is
Published on November 29, 2016
By Debdutta Ghosh