Markets & Industries
China Stocks Up Oil - 07/09/2015
Chinese authorities allowed the independent refiners and foreign companies to import more oil. According to sources, the resolution on oil imports means extra supplies to China, up to 600,000 barrels of crude per day. This initiative will allow the second-largest oil consumer to buy more crude in the market. China's largest independent refiner Shandong Dongming Petrochemical this week...
U.S investors still hopeful of the Recovery of the Chinese Economy - 07/09/2015
With mostly A-shares being affected by the dramatic fall of the Shanghai Stock Exchange, U.S investors are still clinging on to the strength of the Chinese economy. A few U.S investors think the Chinese intervention to prop up its crumbling stock market has not had its expected results. With the prices of stocks reaching a new low, the present provides an opportune moment in acquiring a new...
Renault launches Talisman to take on BMW & Mercedes - 07/09/2015
The French multinational automobile manufacturer, Groupe Renault, has launched its brand new car – The Talisman - that has been designed to take on German automobile heavy weights such as BMW and Mercedes. It will be showcased in the Frankfurt Auto Show in September, later this year. One of France’s leading car manufacturers Renault has recently launched its new Talisman model, displacing the...
Morgan Stanley: Oil Market is Driven by Emotions - 07/08/2015
Interesting coincidence of adverse circumstances ("The Perfect Storm") had a serious blow to the oil market, however, the current fall of oil prices largely caused by emotions rather than by fundamental factors, Morgan Stanley analysts say. "We are concerned about the number of unfavorable factors and the risk of decline in the oil market, but we still believe that oil prices in the second half...
Leap in Prices of US Real Estate - 07/07/2015
Housing prices in the US rose 1.7% in May, against the backdrop of limited supply in the US real estate market, according to CoreLogic report released Tuesday. In annual terms in May, housing became more expensive by 6.3%, showing the maximum growth in 10 months. - Mortgage rates on 30-year loans remain below 4% in May, which had a positive impact on purchases, - said Frank Nothaft, chief...
A.M.Best Special Report - 07/07/2015
The environment of the present interest rate is giving Europe’s back up plans a difficult time. The biggest safety net providers are presently adequately promoted and have broadened portfolios that have the capacity to withstand low interest rates, however smaller specialty organizations will be unable to withstand yields staying low for an extended period of time. A report from A.M. Best titled,...
Mergers and Acquisitions are Back on Track - 07/06/2015
By the end of the second quarter of this year, the volume of global mergers and acquisitions, as recently reported media company Thomson Reuters, grew by 34.6% compared to the same period in 2014 - up to $ 1.33 trillion. This is only slightly less than the record $ 1.41 trillion reached in pre-crisis 2007. Activity in the market of global mergers and acquisitions will increase with a peak in 2017...
Philip Morris set to sell its stake in Indonesian Cigarette producer Sampoerna - 07/06/2015
So as to comply with the Indonesia’s newly listed rule which states that every company listed under the country’s stock exchange have a 7.5% of its stock base as a free-float, Phillip Morris is set to sell its stake in Sampoerna. Although, it is not clear when it will do so but it has to be before 30th Jan 2016. As per two confirmed sources, Phillip Morris, the US based cigarette giant, plans on...
Telehealth Video Consultation Sessions To Reach 158 million, Anually - Tractica - 07/02/2015
While numerous components of the advanced healthcare industry are still in their developmental stages, the business for telehealth feature meetings (TVCs) is one that has a firm decent footing and is balanced for solid development in the coming years. TVCs, additionally alluded to as eConsults, eVisits, remote feature counsels, or even the more extensive term telemedicine, are growing regarding...
Spain Becomes the Largest Wine Exporter - 06/30/2015
Wine exports from Spain increased in 2014 by 22% to 2.3 billion liters, what has allowed the country to surpass Italy - the former world's largest exporter of wine in bulk. In value terms, exports of wine from Spain fell by almost 3% to 2.6 billion euros for the previous year. This is obliged to the fact that 55% of exports were made by non-branded wholesale supply. Such products are bottled and...