Wednesday, Aug 12, 2020
International Finance

Tag : prices

Economy

China’s service sector expands at a rapid pace

Findings of survey by financial information service provider Markit IFM Correspondent November 3, 2016: China’s services sector grew at the strongest pace in four months up to October as new business picked up, encouraging companies to hire more workers, a private survey showed. The Caixin China General Services PMI (Purchasing Managers’ Index) came in at...
Economy

Saudi, Russia to work together on oil prices

Price of oil jumps 5% September 6, 2016: The price of oil jumped by 5% after Russia and Saudi Arabia discussed ways to stabilise oil prices on the sidelines of the G20 summit in China. Both countries said they will not act immediately but could limit output in the future. The joint statement was signed...
Economy

Saudi Arabia mulling over income tax on expats

However, economists do not think the plan will see the light of the day Suparna Goswami Bhattacharya July 15, 2016: With an eye on increasing its non-oil revenue, Saudi Arabia is considering a plan to tax millions of expats residing in the Kingdom. The proposal was included in the country’s National Transformation Plan (NTP), an...
Finance Wealth Management

Post-Brexit, Middle East property investors eyeing UK

Deterioration in the value of the pound sterling has reduced property prices in London Suparna Goswami Bhattacharya July 6, 2016: Britain’s historic decision to leave the EU has sparked a period of volatility across the world’s financial markets. The pound sank to multi year lows against the dollar. David Cameron’s decision to step down has...
Economy

Indian aviation market to be third largest by 2020

Suparna Goswami Bhattacharya Main drivers for now are low fuel price, expanding middle class and high GDP growth June 8, 2016: The Indian aviation market is flying high. It is set to become the third largest in the world by 2020. With 81 million trips, the domestic market grew at about 19% during the 12...
Economy

50% of oil & gas companies in UK cut jobs

One-third of companies plan further lay-offs this year, says a report IFM Correspondent June 7, 2016: About 50% of all oil and gas companies in the UK were forced to cut jobs in the past 12 months, says a recent report. The Bank of Scotland/Lloyds Banking Group surveyed 141 companies in the sector. The report...