Reliance Sells Fuel from India To Venezuela
The operator of the largest refining complex in the world, Reliance Industries has started selling fuel to Venezuela from Europe and India to go around the sanctions that ban U.S.…
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Anil Ambani Avoids Jail After Brother Mukesh Bails Him Out
Anil Ambani was bailed out of jail trouble by brother Mukesh just a day before Anil, and two other directors of Reliance Communications were headed for a three-month jail term.…
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General Motors Considering Lyft Stake Options as IPO Nears
Initial Public Offerings for startups have often proven to be extremely lucrative for early investors and so will be the case when ride-hailing company Lyft conducts its IPO next week.…
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US Sues Volkswagen and ex-CEO for Fraud over Dieselgate
The diesel emissions scandal, better known as ‘Dieselgate’, threatened to engulf Volkswagen, one of the biggest car manufacturers in the world. Although the car maker may have left it behind…
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Palm Oil in BioFuels: EU Trying to Prevent Another Trade War
In a bid to appease both the palm oil producers and the environmentalists, the European Union set new criteria for the use of palm oil in biofuels. Palm oil producers…
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Big Tariff Cuts and No Irish Border Checks in the Event of No Deal Brexit
With Prime Minister Theresa May struggling to push her Brexit deal through the Parliament, it is increasingly looking likely that on the 29th of March this year, the United Kingdom…
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Top Investors Brush off Khashoggi Affair and Pour Money into Saudi Arabia
The murder of Saudi journalist Jamal Khashoggi at a Saudi Arabian embassy had created a lot of heat on investors to stop investing in the country. However, it is now…
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US Mobile Bank Chime Joins the Unicorn Star-Up Club with A $1.5 Billion Valuation
San Francisco based mobile banking start-up Chime raised an additional $200 million in Series D financing led by DST Global, valuing its business at $1.5 billion. The oversubscribed funding round…
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Turkish Central Bank Decides to Lower Reserve Level Requirements to Encourage Lending
The Central Reserve Bank of Turkey (CRBT) said on Saturday that it has decided to change its reserve ratios to facilitate liquidity in credit flow, as the Turkish economy shows…
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Trump to Declare Emergency Over Mexico Border Wall
President Donald Trump swore on Thursday that he would declare a national emergency in a surprising attempt to fund his proposed US-Mexico border wall without the support of the Congress.…
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