Category: Markets

EU Women Quota Set To Be Blocked: Report


The European Union is unlikely to go ahead with a proposal that would have forced publicly-listed companies to ensure a minimum 40 percent presence of women in their corporate boardrooms, said a report by the Financial Times on Sunday.

The proposed legislation, which would have been imposed across the entire EU, faced opposition by at least nine member states, who argued that the issue should be preferably dealt on a national, rather than regional, level.

India To Spend $18 Billion On Preventing Another Massive Blackout


The Power Grid Corp. of India, the largest state-owned electric utilities company in the country, is set to spend more than 1 trillion rupees ($18 billion) to upgrade its electricity networks, reported Bloomberg News on Monday, in order to avoid a repeat of the July 30-31 blackouts, which left more half of the nation’s 1.2 billion population without power.

Global Economy On The Verge Of Crashing Into ‘Brick Wall’: Nouriel Roubini


Worldwide, political leaders are putting off the economic reforms needed to avoid a painful, if not catastrophic, endgame. But, as everyone kicks the can down the road, the can is getting heavier and, in the major emerging markets and advanced economies alike, is quickly approaching a brick wall.

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India Cuts Fuel Subsidies To Save Budget


Diesel prices in India rose for the first time in nearly 15 months on Thursday, after the government decided to cut its subsidies for fuel, in a politically risky move that could save at least $3.7 billion for the nation’s state-run refiners.

Philippines Stirs Tensions By Renaming Disputed Part Of South China Sea


China’s Foreign Ministry has expressed outrage and disappointment at the Philippines’ decision to officially request the United Nations to rename part of the South China Sea as the West Philippine Sea, but said that decision would not affect China’s territorial claim over the area, in the latest spat between the world’s second largest economy and its neighbours over sovereignty rights.

The Economic Consequences Of An Israel-Iran War


An Israeli invasion of Iran could provoke a spiralling in oil prices with catastrophic consequences for the world economy, as well as unpredictable political repercussions throughout the Middle East. Yet, Israel continues its dangerous game of brinkmanship.

An Israel-Iran war has the potential to be even more disastrous for the global economy than any previous conflict in the Middle East, says Professor James Hamilton, an expert in energy economics at the University of California, San Diego.

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US Oil Production To Rise 74 Percent By 2022: Report


The United States will see a significant boom in crude oil production over the next ten years, said a report by Platts’s energy data analytics unit Bentek Energy on Monday, with production expected to increase to an average of 11.6 million barrels per day (bpd) by 2022 – compared to 6.7 million bpd today.