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Debdutta Ghosh


Italyโ€™s Foreign Minister says the Country not Heading for Catastrophe

Italy’s foreign affairs minister has told CNBC in an exclusive interview that concerns that Italy is headed for catastrophe in the case of a destabilizing outcome from the referendum to
Published on November 28, 2016
By Debdutta Ghosh

To Leap into Technology Future, Japan Plans Supercomputer

In a bid to arm the country’s manufacturers with a platform for research that could help them develop and improve driverless cars, robotics and medical diagnostics, Japan plans to build
Published on November 28, 2016
By Debdutta Ghosh

$59 Million Investment Interest in Blockchain Startup R3 Expressed by Banks: Media Reports

In a boost to the global efforts of popularizing the use of blockchain technology, less than half its overall target of the blockchain consortium R3 CEV might be financed by
Published on November 27, 2016
By Debdutta Ghosh

$35 Billion Bank Bond Swap said to be Entailed by Greek Debt Relief Plan

Under a euro-area plan to shield Athens from future interest rate increases, Greeceโ€™s battered banks are being asked to swap about 33 billion ($35 billion) euros in floating-rate bonds for
Published on November 27, 2016
By Debdutta Ghosh

Report Claims Each Year Premature Death Occurs to More than Half a Million Europeans

A review of 36 countries published by the European Commission and Organization for Economic Co-operation and Development (OECD) finds that chronic disease, obesity, smoking, drugs and alcohol are cutting short
Published on November 25, 2016
By Debdutta Ghosh

No Indication of Trump Taking U.S. out of WTO as of yet, says WTO Chief

He had no indication that U.S. President-elect Donald Trump wanted to withdraw the United States from the World Trade Organization, said the chief of the global trading body, Roberto Azevedo
Published on November 25, 2016
By Debdutta Ghosh

Higher Forex Reserves Despite Ringgit Support Shown by Malaysia Central Bank

A $500 million question making the rounds of the global banking industry is how Malaysia’s central bank managed to simultaneously increase its foreign exchange reserves and meddle in markets to
Published on November 24, 2016
By Debdutta Ghosh

On Eve of Trump Presidency, U.S. Economy Strengthening, Shows Data

In the latest indication of an acceleration in economic growth early in the fourth quarter, driven by rising demand for machinery and a range of other equipment, new orders for
Published on November 24, 2016
By Debdutta Ghosh

Wall Street Lenders could be Hit by New Plans for Bank Reform in Europe

The balance sheets of banks, that are already facing a challenging environment of low interest rates, could potentially come under pressure as the European Commission has unveiled a new set
Published on November 23, 2016
By Debdutta Ghosh

Sources say Tax Settlement with Indonesian Government to be done by Google: Reuters

Within the next few weeks, Alphabet Inc’s Google is expected to reach a tax settlement with the Indonesian government, reports Reuters citing people familiar with the matter. One of the
Published on November 23, 2016
By Debdutta Ghosh

Probe Over Undeclared Accounts Faced by Credit Suisse

U.S. investigators want to know why the Swiss bank Credit Suisse AG neglected to tell them about $200 million in undeclared assets owned by an American client even after the
Published on November 22, 2016
By Debdutta Ghosh

Tech Sector Defies Brexit Worries as IBM Invests in UK Data Centers

Since the time that the United Kingdom voted to get out of the European Union, this is the third occasion that a global IT company has announced its decision to
Published on November 22, 2016
By Debdutta Ghosh

List of Globally Systemic Banks Topped By Citi and JP Morgan

Replacing HSBC and denoting that the U.S. bank will have to hold extra capital from 2019 to help preserve financial stability, Citi has joined JPMorgan at the top of global
Published on November 21, 2016
By Debdutta Ghosh

APEC Leaders Look to China on Trade, Vow to Fight Protectionism

After Donald Trump’s election victory raised fears the United States would scrap free trade deals, Chinese officials said more countries are looking to join a China-led trading bloc even as
Published on November 21, 2016
By Debdutta Ghosh

As Funds Pull out of Emerging Markets, Dollar is the Currency to Own: Barclays

The stomping down of the currencies of emerging markets by the dollar is not going to end soon, say analysts. Ever since Donald Trump clinched a surprise victory in the
Published on November 20, 2016
By Debdutta Ghosh

Oil Majors are Under Pressure to De-Risk as Green Energy Gains Traction

Countries and businesses are now being scrutinized to make sure they implement the correct strategies to deliver a greener future, following the breakthrough at the United Nations COP21 conference last
Published on November 20, 2016
By Debdutta Ghosh

Strategist says Politics the Sole Driver of Currencies of Developed Economies

Economists and strategists are of the view that the G10 currency market is driven solely by political events. This was the view of Dominic Bunning, FX Strategist at HSBC. Whereas
Published on November 19, 2016
By Debdutta Ghosh

As China Eyes APEC Trade Leadership, Pacific Rim Leaders Scramble for Trade Options in Trump Era

As a looming Donald Trump presidency in the United States sounded a possible death knell for the Trans-Pacific Partnership (TPP), leaders of Pacific rim nations scrambled to find new free-trade
Published on November 19, 2016
By Debdutta Ghosh

China State Firms Buying US Companies Urged to be Banned by Panel

A congressional panel charged with monitoring security and trade links between Washington and Beijing said that U.S. lawmakers should take action to ban Chinaโ€™s state-owned firms from acquiring U.S. companies.
Published on November 18, 2016
By Debdutta Ghosh

Retailers are Paying a Lot for Premium Spaces on Rental, Finds a Global Report

The world’s highest rents for shops are being paid by Shops along New York’s Upper 5th Avenue, says a report from one global real estate firm. According to Cushman &
Published on November 18, 2016
By Debdutta Ghosh

Plans for Europe’s Next Populist Surge Being Made by Investors

Investment funds are trying to get a handle on the policy plans of the anti-establishment party with the populistsโ€™ efforts to topple Italian Prime Minister Matteo Renzi gaining traction. Potentially
Published on November 15, 2016
By Debdutta Ghosh

Bond Market Wacked for $1 trillion Loss by โ€˜Trump Thumpโ€™

As bets on faster U.S. growth and inflation lead investors to favor stocks over bonds, the long-awaited end to the more than 30-year-old bull run in bonds could be marked
Published on November 15, 2016
By Debdutta Ghosh

Global Sovereign Credit Outlook Turns Pessimistic According To Moodyโ€™s

Moody’s Investors Service has said very recently that amid expectations for low economic growth and high public-sector debt in the global economy as a whole, the outlook for global sovereign
Published on November 14, 2016
By Debdutta Ghosh

As Brexit Tariffs Tallied, U.K. Sees $82 Billion Investment Hit

With more than 40 percent of large companies scaling back, according to a new survey, since the vote to leave the European Union U.K. businesses have delayed or canceled investments
Published on November 14, 2016
By Debdutta Ghosh

While Commercial Markets Beckon, Consumer Drone Business Stumbles

As weak consumer demand and falling prices drive startups to shift their focus to specialized business applications, the fledgling drone industry is in the throes of change. The consumer business
Published on November 12, 2016
By Debdutta Ghosh

In the Week Ahead, Markets will Adjust to the New Investing Order

All be it with a very new perspective, markets get back to the business of watching the Federal Reserve after a historic week. Wall Street expectations, not only regarding who
Published on November 12, 2016
By Debdutta Ghosh

Trump Seen as Game Changer, Bonds Plunge by $1 Trillion This Week

As U.S. President-elect Donald Trumpโ€™s policies are seen boosting spending and quickening inflation, more than $1 trillion was wiped off the value of bonds around the world this week. Bank
Published on November 11, 2016
By Debdutta Ghosh

Analysts Warn a Bigger Risk than Donald Trump is Italian Referendum

Global stocks have made a comeback and have been rallying since falling sharply following Donald Trump’s victory in the United States presidential elections which initially sent shockwaves through markets around
Published on November 11, 2016
By Debdutta Ghosh

Lee Signals more Board Power in Nod to Investors at Samsung Electronics

As investors pressured to improve governance, the process of taking a board seat at flagship unit Samsung Electronics was accelerated by Jay Y. Lee, de facto head of South Korea’s
Published on November 10, 2016
By Debdutta Ghosh

Trump Signals Shift from Austerity Era Making Investors Exuberant

As exuberance shot through markets and reversed initial dives in reaction to Donald Trump’s U.S. presidential victory, European stocks rose on Thursday following extraordinary gains in Asia and the United
Published on November 10, 2016
By Debdutta Ghosh

Novel Idea Seems to be Coming of Age โ€“ one that Could Revolutionize Europe’s Debt

The 19-nation currency bloc can be provided with a single โ€œsafe assetโ€ that’s not linked to the fate of any individual member by the European Safe Bond is, in theory,
Published on November 9, 2016
By Debdutta Ghosh

Fed’s Plans to Hike Interest Rates in Doubt by Trumpโ€™s Win

The core assumption in global financial markets that the Federal Reserve will raise interest rates soon and follow with further gradual hikes over coming years is facing serious questions by
Published on November 9, 2016
By Debdutta Ghosh

20,000 Tesco Bank Accounts Lose Money to Cyber Fraudstars

20,000 customersโ€™ accounts of Britain’s biggest retailer Tesco had their money removed after 40,000 customers’ accounts were attacked over the weekend. Adding to growing concerns about the British financial sector’s
Published on November 7, 2016
By Debdutta Ghosh

UBS Strategist Say European Earnings May Be At Inflection Point

According to the Head of European Equity Strategy at UBS, there is hope Europeโ€™s companies hit an inflection point during this year’s third quarter after almost six years of no
Published on November 7, 2016
By Debdutta Ghosh

Space Mining for Humanity’s Benefit, NASA Wants Governments to Collaborate

To advance humanity, as space mining is a reality, a top NASA official told the media on Friday. In the multi-billion dollar space industry, mining is a major hot-button area
Published on November 4, 2016
By Debdutta Ghosh

Next year U.K Households Should Expect Sharp Rise in Inflation, Warns Bank of England

As the weak pound ramps up the costs of imports and squeezes family finances, the Bank of England has warned U.K. households to expect a sharp rise in inflation next
Published on November 4, 2016
By Debdutta Ghosh

As Saibor Tumbles the Most Since 2009, Saudi Bank Squeeze Eases

There are signs of easing of the worst cash squeeze at Saudi Arabian banks ever since the financial crisis. In a sign that government measures to alleviate a liquidity shortage
Published on November 2, 2016
By Debdutta Ghosh

Venezuelans Start Weighing Piles of Cash Instead of Counting Them

While replacing with a stack of bolivar notes handed over by his customer for slices of salty white cheese, Humberto Gonzalez weighs the bills instead of counting them. Gonzalez owns
Published on November 2, 2016
By Debdutta Ghosh

Inflation Misses Forecasts in Euro Zone as it sees Moderate Uptick in Growth

Allying fears that were expressed by analysts and market watchers months back, data from the European statistical office shows that the euro zone has continued growing at a moderate pace
Published on November 1, 2016
By Debdutta Ghosh

Technical Analysts say Gold to Hit $1,500 Mark Pushed by US Elections

The current global environment will disrupt the usual inverse relationship between the U.S. dollar and the precious metal โ€“ gold, as the metal continues to be on course to head
Published on November 1, 2016
By Debdutta Ghosh

Whatsapp, Yahoo Warned on Privacy by EU Data Protection Watchdogs

Yahoo was cautioned over a 2014 data breach and scanning of customer emails for U.S. intelligence purposes and WhatsApp was also warned over sharing user information with parent company Facebook
Published on October 31, 2016
By Debdutta Ghosh

Deal Combine Oil-and-Gas Business Between GE and Baker Hughes Near Completion: Sources

On the way to creating an energy powerhouse that would give GE a cost-effective way to play any recovery in the industry, General Electric Co. is nearing a roughly $30
Published on October 31, 2016
By Debdutta Ghosh

Amazon, Short-Term Investors at Odds Again as they Debate Spending Vs. Profits

Amazon.com Inc was a “sell” for a lot of investors on Friday even though it may be a “buy” for the vast majority of analysts. And few of those investors
Published on October 30, 2016
By Debdutta Ghosh

EU’s Malmstrom says EU, U.S. Trade Deal Not Dead Yet

EU Trade Commissioner Cecilia Malmstrom said that negotiations will continue with the new U.S. administration after November’s elections and the much-debated trade deal between the European Union and the United
Published on October 30, 2016
By Debdutta Ghosh

Report says in 2017, Seventy-five Percent of Internet Use will be Mobile

As s a growing number of consumers around the world access the web on smartphones and tablets, seventy-five percent of internet use will be mobile in 2017, up slightly from
Published on October 29, 2016
By Debdutta Ghosh

Thereโ€™s More Cause for Comfort than Concern Even as US Banks Might Outperform their European Peers

The uncertainty surrounding the U.K.โ€™s exit from the European Union has been another blow to the global banking space which has been weathering a number of storms since the start
Published on October 29, 2016
By Debdutta Ghosh

Chinese Rising Stars Coming Up Fast; Apple Smartphone Shipments Chase Samsung:Reports

Apple is closing the gap on its rival Samsung, shows data from research firms International Data Corporation (IDC) and Strategy Analytics. When comparing third quarter data in 2015 and 2016,
Published on October 28, 2016
By Debdutta Ghosh

Deadlock Over EU-Canada Trade Pact Broken by Belgium

After internal divisions in just one country threatened to block the European Union of 500 million people sealing the landmark deal, Belgiumโ€™s regions agreed to a free trade pact with
Published on October 28, 2016
By Debdutta Ghosh

A Class Higher Than First Class Created by Delta AirA Class Higher Than First Class Created by Delta Air

A unique experiment in upgrades was unveiled by Delta Air last year. A chance to book a seat most can only dream ofโ€”on a private jet, was given by the
Published on October 26, 2016
By Debdutta Ghosh

$14.7 billion deal in VW Diesel Scandal Approved by U.S. Judge

Even as the German automaker Volkswagen AG said it would begin buying back polluting cars in mid-November, its $14.7 billion deal arising from its diesel emissions cheating scandal and one
Published on October 26, 2016
By Debdutta Ghosh
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