Markets & Industries
Asian Stocks Soared to Multi-Year High Records - 03/17/2015
Tokyo and Shanghai stocks rallied on the back of Dollar weakness. Tokyo and Shanghai hit new record highs on 17 March 2015, driven by weak US economic data. It is a clear indication that Federal Reserve will not be able to take the most awaited decision to hike the interest rates. The Wall Street rallied more than 1% as investors steered by a pause in strengthening of US dollar. The Bank of Japan...
Booming Greece Tourism - 03/17/2015
Promising Tourism Prospects in Greece Amidst Economic and Political tensions Despite fading political relations between Athens and rest of Eurozone, the beautiful Greece is appealing foreign tourists. In addition, slumping Euro currency is likely to play a vital role in making it the best destination for vacations in 2015. According to Greek National Tourism Organization, the year 2015 will be...
Fitch Downgraded the Forecast for Global GDP Growth - 03/17/2015
The economic recovery in developed countries continue to slow down on the background of the recession in Russia and Brazil. International rating agency Fitch downgraded the outlook for global GDP growth in 2015 by 0.2 percentage points (pp) - up to 2.7% with an expected 2.9% in December. The forecast recovery of the global economy in 2016 is left at 3%, according to agency ‘Global Economic...
Is Sikorsky a drag on United Technologies? - 03/17/2015
With a shrinking defense market is Sikorsky a drag on United Technologies? Or is it more in the nature of a long term investment? Way back in December 2013, in an interview with Louis Chênevert, fomer chairman of United Technologies, the question of divesting Sikorsky from the company had come up. Sikorsky is a well-known division of United Technologies that manufactures helicopters. The...
Pinterest valued at $11 billion backed by recent funding - 03/17/2015
US-based online scrapbooking company Pinterest has raised around $367 million in a new round of financing from new and existing investors. This new move from the company has led to it being valued at $11 billion and joining an elite club of start-ups to reach valuation upwards of $10 billion. The company is currently close to the valuation of other social media and cloud start-ups including...
US economy – Clouded with Uncertainty - 03/16/2015
The biggest question arises that why there is an apparent slowdown in the US consumer spending? US economy is certainly the largest economy across the globe. As the energy is closely linked to not only the economic growth but also plays a crucial role in steering the major economic indicators. Hence the contribution of energy towards economy cannot be overlooked. The year 2015 is believed to be...
French prosecutors seek trial in HSBC tax scandal - 03/15/2015
HSBC’s Swiss arm which is maligned in a tax-dodging fraud case has to now face trial in the French court. The case is currently under investigation by a Public Account Committee in UK, where the bank is headquartered. While it was earlier known that the bank will be trialed by Swiss and German prosecutors, it has now been revealed that the French financial prosecutor will also take part in the...
Think small is the way forward for Germany - 03/14/2015
Although German economy is going strong, new businesses are not sprouting due to socio-economic reasons. Efforts are being made to change the perception of an entrepreneur and entrepreneurships, in order to kick-start new businesses. Germany is one of Europe’s biggest economy and what it needs right now is are businesses who think small. As weird as that sounds, the point is that although German...
Profound Impact Of Strong US Dollars - 03/12/2015
Rising Dollar dampens US company’s sales and profits and increases US trade deficit. The strong combination of increasing Dollar along with rising expectation for hike in interest has sent the developing countries into a tailspin. The International markets have witnessed new pressures on currencies from Turkey and Brazil in second week of March 2015. The continuous strengthening of US Dollar had...
UK Parliament bans branding in cigarettes - 03/12/2015
The British parliament has approved a legislation aiming to standardize cigarette branding in the country, which drew protests from the tobacco industry. The MPs passed the law to ban specific branding and thus improve public health and cut down early smokers even while the tobacco industry noted that the move would cut into their profits. A significant part of the passing of the law is the...
