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World Economic Outlook

India is Experiencing a Massive Cash Surge of More Than Rs 60,000 Crore During Election Period

The central bank of India is looking into a phenomenon of a massive surge in the public cash during the election period. Election expenses and cash gifts for voters are among the factors speculated to contribute to the cash spike.

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Freezing Temperatures Continue To Grip The Country

LNG price continues to fall amid oversupply from producers

LNG supporters are worried about the continuous fall in the industry amid oil price recovery. Liquefied natural gas prices continue its downhill slide despite a 50% surge in Brent oil prices.

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This picture taken on November 25, 2011

Italian Banks Face a Bailout Following a Surmounting Bad Loans

Italy faces a €4.95 billion ($5.65 billion) bailout after bad loans in its banks accumulated to an alarming rate. The bank shares have lost close to half of its value in the last 12 months.

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THE CUSTOMER WIDRAWING MONEY AT KOTAK MAHINDRA BANK ATM CENTRE IN UMMBAI.

India Uses Its Biometric Database to Enable Banking Access for The Country’s 1.2 Billion Population

India is using its wide biometric ID system, the Aadhar database, to bring banking services access to more of its people. An Indian bank already introduced an ATM where people can use their Aadhar ID number or ID card to make transactions instead of a PIN.

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Zombie Factories In China's Steel Belt

Weakening steel demand in China will improve prices within 2018

The steel industry of China is expected to shrink rapidly, stopping global price fall. The steel industry across the world is fighting the problem of over production as demand weakens in China.

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Las Vegas Strip Exteriors

Las Vegas to pay $9 million to settle SEC's allegation over a bribery case

Las Vegas Sands will pay a settlement charge of $9 million in order to clear the corruption case over operations in China.

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African Farmers Struggle To Feed   Continent's Booming Population

African Farmers Now Supported With Mobile Drought Insurance

Due to extreme dry weather conditions, African farmers are seriously affected by their crops failure with little or no more money to replenish their lands or support their families. With the mobile drought insurance, farmers are protected from such harsh conditions by paying a small surcharge fee upon purchase of seeds and fertilizers registered with an insurance company.

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Wells Fargo & Co. Bank Branches Ahead Of 4th Quarter Earnings

Wells Fargo Settled $1.2 Billion Over Bad Housing Loans Secrecy

As settlement for hiding bad loans and house desolation, Wells Fargo will pay $1.2 billion. The bank lender admitted of cheating the government by insuring thousands of risky mortgages although they are not eligible.

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Inside A National Career Fairs Event Ahead Of Jobless Clams Figures

US court rejects $12.25-mln Lyft lawsuit settlement

A US Court has rejected $12.25-million legal case between Lyft and its drivers. Lyft and attorney of drivers need to sit back again on further discussions after the latest judgment.

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ICELAND-TAX-MEDIA-PANAMA

European banks under regulators' scanner amid Panama Papers issue

European banking regulators have begun probing links between banks and tax havens in the wake of leakage of Panama Papers. Switzerland's financial watchdog FINMA has cautioned banks to crack down on money laundering. Geneva has also commenced a criminal enquiry into banks dealing with tax havens in the wake of Panama Papers.

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http://www.gettyimages.in/license/503994462

Verizon to bid for Yahoo, Yahoo Japan stake

Verizon Communications Inc will bid for Yahoo's web business, while Alphabet Inc's Google unit is also exploring options on bidding for it. Additionally, Verizon may also make an offer for stake in Yahoo's Japan subsidiary.

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'Flaring Event' At Exxon Mobil's Torrance Refinery

Exxon Mobil to shell out $10.75mln to New York over oil spill cleanup costs

Exxon Mobil Corp will pay $10.75 million to New York State reimbursing costs on oil spill cleanup. The payment will cover New York Environmental Protection and Spill Compensation fund's costs.

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Wheat harvesting in full swing ahead of Baisakhi festival

South Africa's Wheat-Import Tariff Increase Could Worsen Inflation

South Africa is experiencing wheat shortages prompting grain importation. The increased tariff has been approved but Treasury requested the Trade and Industry sector to review it as it will affect the prices of staple food.

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Profile Shoot Of Dennis Muilenburg, President And CEO of Boeing

Boeing CEO sees risk in US EXIM policy

The inability to access export finance is causing sales loss for several US majors including Boeing Co. The board of US Export-Import Bank is yet to be accommodated with a third member, without this export finance exceeding $10 million can't be approved.

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JAPAN-STOCKS

Asian shares, oil, bonds move up ending bruising week

Oil price, Asian stocks and bond yields were trading marginally higher on Friday ending the week on positive mode. Japanese currency Yen continued to rise against US dollar and this also further aided Asian stocks.

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