A global liquefied natural gas (LNG) supply glut may soon be offset by a rapid uptick in demand, Oil Search CEO Peter Botten said Wednesday. “The market has fundamentally changed in the past few years,” Botten said at the Abu Dhabi Petroleum Exhibition Conference (ADIPEC). “It has clearly been driven by oversupply but this won’t […]
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IT HAS been more than once that Gulliver has found himself putting the incorrect electrical plug into the wrong socket or dock at a hotel—whether it be for a smartphone, laptop or shaver. Since such gadgets have proliferated, the hotel industry too has been confused about what facilities they should offer to service weary travellers. […]
Read moreApple could launch a video subscription product next year, while Netflix could be forced to introduce new pricing plans, one analyst firm has predicted. Tech analysts at CCS Insight released their 12th annual set of predictions about the industry on Wednesday. One of those is the emergence of an Apple on-demand video service. Original content […]
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German banks prepare for hard Brexit, in 'advanced' stages of relocating from London
German banks are preparing for a so-called “hard Brexit” and the spoils of the U.K.’s departure from the European Union could be shared by other European cities, according to German banking and finance officials. German central bank executive board member Andreas Dombret said that German banks were planning for a hard Brexit — that the […]
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European stocks seen lower on lower oil prices, focus on earnings and data
European equities are poised to open in the red Wednesday morning as market sentiment is curbed by weaker oil prices. The FTSE 100 is seen down by 7 points at 7,405; the DAX is seen lower by 32 points at 13,000 and the CAC 40 is set to open lower by 13 points at 5,303. […]
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Rising debt and low interest posing greatest market risks, IMF's Lipton says
The prolonged period of low central bank interest rates and rising debt in developed economies poses the greatest risk to financial markets in the medium-term, according to an International Monetary Fund (IMF) executive. David Lipton, the IMF’s first deputy managing director, told CNBC why the enduring trend of quantitative easing, implemented after the 2008 financial […]
Read moreDespite public criticism about a lack of transparency in some practices, Ant Financial is doing things the right way, a senior executive at the company said Wednesday. The company — which spun off from Chinese e-commerce giant Alibaba to run the massive Alipay digital payments platform — has seen healthy demand for its asset-backed securities, […]
Read moreA new report paints a clear picture of just how much money automakers, suppliers, tech companies and venture capital firms are spending to remake the auto industry. According to McKinsey & Company, a whopping $111 billion has been invested in mobility start-ups and technologies since 2010. More than 60 of those transactions carried a price […]
Read moreIn order for financial technology to grow, some countries are giving firms freedom to experiment, lifting the burdens of tight regulation. Switzerland, for one, has introduced a so-called regulatory sandbox, within which small fintech firms can play without regulation. “We will try to introduce the regulatory system that enables the market to grow without being […]
Read morePresident Donald Trump’s landmark Asia trip, which concluded on Tuesday, revealed his growing reliance on India as a strategic partner in the region. But if Washington wants Prime Minister Narendra Modi’s administration to be at the core of its Asia policy, it must help New Delhi on issues crucial to its own future, experts said. […]
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