Saudi Arabian Oil intends to increase exports to China, said President and CEO of the company Khalid Al-Falih. According to him, Saudi Aramco sees great opportunities in China's efforts to restructure its economic growth model and is going to continue to seek cooperation with Chinese companies.  - We see how our energy supply potentially doubles with increasing demand for them in China, -...

European bad banks are experiencing boom in their businesses. Europe banks are ready to divest 100 billion euros (73 billion pounds) of unwanted loans in 2015. The banks sold off nearly 91 billion euros of its non-core loans in the year 2014. This amount is expected to increase by 10% this year (according to PWC report). Moreover, the report’s prediction stated that the European banks will take...

House building output declined steeply indicating a slowdown in UK housing market. UK construction industry growth plunged surprisingly by 2.6 % in January 2015 as compared to its previous month, mainly due to sluggish house building output. The drop was the fastest since 2013 end and much below the projections of an increase of 1.2%. The signs are likely to persist in near term which in turn...

The deal worth 7.1 billion euro is likely to bolster Italian tire maker’s presence in Asia. China’s National Chemical Corporation is set to acquire controlling stakes of Pirelli, Italy’s manufacturing legend in a deal worth 7.1 billion euro. The Chinese companies progresses on the acquisition path, taking advantage of the sliding Euro and slight improvement in the European economic prospects. It...

The world’s top energy groups have raised large amount of debts this year. World’ top energy groups are persistently raising debts this year, thereby deriving benefits from the ultra-low interest rates to meet cash shortfalls led by oil price collapse. According to Morgan Stanley research, the world’s leading oil companies have reported a record high $31 billion of debt raised during the first...

A research report published by Navigant Research shows electric two wheelers are setting a new trend; as more and more customers are going for them as a solution to avoid the increasing traffic jams. The city of Boulder, Colorado- 19 March 2015- Navigant Research releases a report wherein the subject matter deals with an examination conducted on the global market of scooters and motorcycles that...

The first chocolate brand of America, Endangered Species Chocolate, has introduced three new sixty percent cocoa bars into the market. This series of chocolate bars are an outcome of a creative idea that sought to present a harmonious blend of various famous flavours from around the world within a single bite. Indianapolis- 19 March 2015- Endangered Species Chocolate, in short ESC, has made an...

The gold prices are set to a steady rise over the next years. Of late, the trading pattern of gold prices has become interesting. The gold prices have been driven by strengthening Asian demand for gold and pulled back by the uncertainty of economic and political scenarios in the European nations. Gold rallied to its peak at $1,177.46 an ounce on 19 March and the dollar slipped after Federal...

US topped the list of world’s largest exporter of weapons, while India took the lead in arms import. India’s is the leading buyer of arms and ammunitions as its import of defence weapons in past 5 years was more than twice as compared to the previous span of 5 years. Moreover, the US continued to remain the top exporter of defense followed by Russia, France and the UK. The steeply climbing demand...