Indications Of Global Economic Improvement In The Second Half Are Rising

The apprehensions concerning the global economy infiltrate even as equities across the globe rise, but an analyst at Ned Davis Research states the worst of it might be over. Alejandra Grindal—Senior International Economist from Ned Davis Research—said the cumulative of manufacturing PMIs (purchasing managers’ indexes) across the globe stabilized in March following declining for straight… Continue reading Indications Of Global Economic Improvement In The Second Half Are Rising

China’s Consumer Inflation Surged To A 5-Month High Since Pork Prices Rise

Reportedly, China’s consumer inflation for March month increased to a 5-Month high owing to surging food prices, statistics from the country’s NBS (National Bureau of Statistics) showed. The CPI (consumer price index) in March increased by 2.3% from a year ago, which is the quickest rate since October 2018. It was inferior to the 2.4%… Continue reading China’s Consumer Inflation Surged To A 5-Month High Since Pork Prices Rise

Market Reaction Is Poor For Gulf Economy: Deutsche Bank’s CEO

Recently, CEO of Deutsche Bank’s Middle East and Africa region said that market sentiment is not suitable for Gulf countries at the present moment acknowledging the apprehensions that shareholders have held about the state in recent years. While discussing his financial outlook at the WEF (World Economic Forum) on the Middle East and North Africa… Continue reading Market Reaction Is Poor For Gulf Economy: Deutsche Bank’s CEO

Brazil’s Petrobras To Participate In Israeli Gas Tender

Petrobras, a Brazilian state-run oil company, will participate in Israel’s recent tender for offshore oil and gas exploration, Yuval Steinitz, Energy Minister, Israel, disclosed this week. Steinitz announced the deal as Jair Bolsonaro, President, Brazil, began a 4-day visit to Israel. Bento Albuquerque, Energy Minister, Brazil, was also present with Bolsonaro in Israel. Steinitz disclosed… Continue reading Brazil’s Petrobras To Participate In Israeli Gas Tender

South Korean Plant Of GM To Be Acquired By A Tesla Supplier For EV Production

A South Korean supplier of Tesla Inc. announced on Friday has decided to purchase a vehicle factory from GM’s local unit to begin the contract for the production of electric vehicles. The deal comes after GM shut down one of its four South Korean factories in late May and fired thousands of employees as part… Continue reading South Korean Plant Of GM To Be Acquired By A Tesla Supplier For EV Production

Alphabet Has Spent Almost $1 Billion On Lyft In 17 Months

Google’s parent company, Alphabet, has more than doubled its investment in Lyft, generating $1 billion in just 17 months. It seems that the company makes betting huge on transportation. CapitalG, the latest investment venture of Alphabet, doubled its investment in Lyft after the IPO of the company specialized in this area. CapitalG invested $500 million… Continue reading Alphabet Has Spent Almost $1 Billion On Lyft In 17 Months

McDonald’s Set To Acquire Tech Company To Customize Its Drive-Thru

The long-established American food company McDonald’s is expanding its business towards digital platform across the U.S., for which it has recently declared its plan to buy a tech company. At the beginning of this week, McDonald’s revealed that it has decided to acquire Dynamic Yield, the tech company concentrating on logic-based effective personalization. Dynamic Yield’s… Continue reading McDonald’s Set To Acquire Tech Company To Customize Its Drive-Thru

Major Asian Markets Gain Higher Since US-China Trade Talks Restart

Most of the major Asian markets in recent time closed higher, as expectations elevated on reported development in trade conciliations amid Washington and Beijing. The Shanghai Composite climbed 3.20% to close at 3,090.76, while the Shenzhen Component increased by 3.77% to 9,906.86. The Shenzhen Composite rebounded by 3.38% higher to finish at 1,695.13. In the… Continue reading Major Asian Markets Gain Higher Since US-China Trade Talks Restart

Swedbank Fires Chief Executive Following Money Laundering Accusations

In recent time, Swedbank cardinally suspended its CEO Birgitte Bonnesen shortly prior to its annual summit after the lender faced accusations it was engaged in the money laundering activities in the Baltics. In a statement, Lars Idermark—Swedbank’s Chairman—said, “The developments in the last few days have produced a huge pressure for the bank. So, the… Continue reading Swedbank Fires Chief Executive Following Money Laundering Accusations