Monthly Archives: November 2015

Sliding oil fails to tighten Gulf oil taps; Grim realities facing StanChart shares; Europe’s walls are going back up

1 Sliding oil fails to tighten Gulf oil taps (Gulf News) Saudi-led Gulf Opec members will reject pressure to shoulder the cost of cutting oil production alone despite warnings that prices risk sliding further, officials and analysts say. Saudi Arabia, … Continue reading

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Saudi data show slowing economy; Black Friday sales move online; Li-Fi 100 times faster than Wi-Fi

1 Saudi data show slowing economy (Gulf News) Saudi Arabian money supply and bank lending figures show the economy of the world’s biggest oil exporter has started to slow as low global energy prices force the government to clamp down … Continue reading

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Biggest-ever overhaul of China military; Portugal seems to be going the Greece way; India gold demand may hit 8-year low

1 Biggest-ever reforms to China military (Kor Kian Beng in Straits Times) China has launched its biggest-ever set of military reforms, including the establishment of a new joint operational command, to turn the People’s Liberation Army (PLA) into a more … Continue reading

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Climate change: 2015 to be hottest year ever; Saudi builder to cut 15,000 jobs; South Africa economy ‘can only get worse’

1 Climate change: 2015 to be hottest year ever (Arthur Neslen in The Guardian) Climate change made 2011-2015 the warmest five-year period on record, according to the World Meteorological Organisation’s (WMO) state of the global climate report. This year is … Continue reading

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US growth more than expected in Q3; Rolls Royce warns of senior job cuts; India surrogates hurt by govt ban on foreign clients

1 US growth more than expected in Q3 (BBC) US economic growth for the third quarter has been revised up, helped by stronger investment and house building. The Commerce Department said gross domestic product rose at an annual pace of … Continue reading

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Pfizer seals $160bn Allergan deal; Attacks already hurting French economy; UK’s permanent austerity — Robbing poor to pay for the next crash

1 Pfizer seals $160bn Allergan deal (BBC) US drugs giant Pfizer has sealed a deal to buy Botox-maker Allergan for $160bn in what is the biggest pharmaceuticals deal in history. The takeover could allow Pfizer to escape relatively high US … Continue reading

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Modern banking and automated cheating; Europe recession ‘could be permanent’; Uber is slick, but not ‘disruptive’

1 Modern banking and automated cheating (Financial Times/Gulf News) Back in 2012, when banks first started paying fines for manipulating interest rates, regulators and experts proposed a simple solution to prevent unscrupulous traders from rigging the markets: get rid of … Continue reading

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