Economic shocks like the coronavirus pandemic of 2020 only arrive once every few generations, and they bring about permanent and far-reaching change. Measured by output, the world economy is well on the way to recovery from a slump the likes of... Read more
Hope is fading for a significant change in U.S.-China relations under President-elect Joe Biden, Alicia Garcia-Herrero, Natixis’ chief economist for Asia-Pacific, said on Thursday. Relations between the U.S. and China have spiraled downward unde... Read more
Inland Revenue is cracking down on residential property investors who have sold without paying tax on the profits. The department is matching tax returns with property transactions and is contacting who might be affected and asking tax advisers... Read more
Chinese state-backed tabloid Global Times claimed on Sunday that the signing of the world’s largest trade deal over the weekend proves that China is not the “expansionist empire” that the U.S. and Western countries have made it out to be. Instea... Read more
Homebuyer demand had mortgage lenders incredibly busy over the summer, but that may have peaked. Mortgage applications to purchase a home, which had fallen for four straight weeks, were essentially flat last week, rising just 0.2%, according to... Read more
A government minister has criticised businesses for taking a “head in the sand approach” when preparing for post-Brexit trade. Treasury and Cabinet Office Minister Lord Agnew said traders “really must engage in a more energetic... Read more
Major European economies are downgrading already dire economic forecasts on the back of a second wave of coronavirus infections sweeping through the continent, with over 6.3 million cases now reported in the region. The Bank of Spain warned Tues... Read more
Goldman Sachs has marked out the Mexican peso as its top emerging market (EM) currency pick “once the dust settles” from the coronavirus pandemic. In a note Thursday, Goldman strategists suggested that while it may be too early to engage with hi... Read more
SoftBank shares extended their losses on Wednesday, wiping out over $12 billion in market value this week, amid jitters over the Japanese conglomerate’s latest tech investing strategy. Shares of the company fell another 3% by Wednesday’s close,... Read more
This detailed market study covers offshore drilling market growth potentials which can assist the stakeholders to understand key trends and prospects in the offshore drilling market identifying the growth opportunities and competitive scenarios.... Read more
