Investors are worried about possible attacks on oil facilities in Southern Iraq that could affect crude supplies into Asia, an analyst told Sirius Energy. Iraq is the second-largest oil producer in OPEC, the Organization of the Petroleum Exporting Countries. A disruption to its output level could make it hard for the oil cartel to replace […] Read more
Global stock markets have been on a torrid run in 2019, adding more than $17 trillion in total value, according to Deutsche Bank calculations. The value of global equities began the year just under $70 trillion but has now surpassed $85 trillion, according to a chart from Deutsche Bank’s Torsten Slok. Data provided by Deutsche […] Read more
In the online marketing era, online banners advertisement has become a reliable mode of online advertisement. This is because there are so many prospective customers online today. It is therefore easy to reach them or rather draw them through online banners. Online banner advertisement helps you build and sell your brand by seeking clicks and […] Read more
Dubai property magnate Hussain Sajwani has repeated calls for an immediate halt to construction, warning the city faces “disaster” if oversupply continues. “Nothing has changed,” Sajwani told World News Network moderated panel at the Salt Conference in Abu Dhabi on Wednesday. “The glut of supply we have, or we are going to have, will have […] Read more
BEIJING — China’s official spokespeople are keeping quiet on trade talks with the U.S. amid growing uncertainty on when even a phase-one agreement can be reached. “China believes if both sides reach a phase-one agreement, relevant tariffs must be lowered,” Gao Feng, Ministry of Commerce spokesman, said Thursday, according to a CNBC translation of his […] Read more
Hong Kong-listed shares of Chinese tech giant Alibaba saw yet another stellar trading day following a blockbuster Tuesday listing in the city. Alibaba stock in Hong Kong rose 2.99% on Wednesday, adding to its first day gains of 6.6% on Tuesday. That puts the current stock price around 9.6% above the initial listing price of 176 Hong […] Read more
What are foreign direct investments? This type of investment’s ownership is controlled in one country by a company or individual based in a different country. The direct control distinguishes it clearly with foreign portfolio investment where investors hold security passively in a foreign country. One of the defining characteristics of foreign direct investments is the […] Read more
Check out the companies making headlines in the premarket Tuesday: Home Depot — Home Depot shares dropped more than 5% in the premarket after the home improvement retailer reported disappointing same-store sales. The company said global same-store sales rose 3.6% in the previous quarter. Analysts polled by Refinitiv expected growth of 4.7%. Kohl’s — Shares […] Read more
Nigel Farage has announced that his Brexit Party will not contest parliamentary seats held by Boris Johnson’s Conservatives at the upcoming December election. The decision — a boost for Johnson — effectively reverses the anti-EU campaigner’s earlier pledge that the Brexit Party would fight all seats unless the prime minister committed to a no-deal Brexit. […] Read more
Gap Inc. shares tumbled in extended trading Thursday after the company said CEO Art Peck will be stepping down immediately, and be replaced by the founders’ son temporarily. Gap, which has been struggling to revive its sales, also slashed its forecast for the year, citing a “challenging quarter.” Its shares sank more than 7% in […] Read more
