General Electric (GE) and Baker Hughes (BHI) will combine to form a $32 billion oil and gas group, the two companies confirmed in a statement Monday. The combination will create the second-largest player in the oilfield services industry in terms of revenue after Schlumberger. The move comes just a few months after Houston-based Baker Hughes’ nearly $35 billion acquisition by Halliburton was nixed by the Justice Department because of anti-competition concerns.
The Swiss National Bank (SNB) recorded in the first three quarters of the year a net profit of 28.7 billion francs. The gold holdings generated a gain of 7.5 billion while foreign currency investments of 20.3 billion. The profit on Swiss franc positions amounted to 1.3 billion. In the same period of 2015 the institute had accumulated a loss of 33.9 billion.
October is over and the next two months will mark the conclusion of this election year but, above all, the end of one of the nastiest presidential campaigns in the U.S. history. A glance at the statistics reveals that the election year is usually favorable to Wall Street, even if not an easy journey most of the times.
The US economy expanded at its fastest pace since 2014 in the Q3 of 2016 amid higher exports and a rise in inventory investment, official data revealed on Friday. The nation’s total economic output expanded at a 2.9% annual rate from July through September, the Commerce Department said Friday. The figure beat analyst expectations and was more than twice the lackluster 1.4% annual rate in the second quarter of the year.
Mark Carney, governor of the Bank of England, could leave the role before the eight-year term, facing down Brexiter critics campaigning for him to resign ahead of time. Mr Carney took over as governor in June 2013 for an eight-year term, but with an option to leave after five years.
The gross domestic product grew between 2013 and 2014 in all Great Regions of Switzerland according to data published by the Federal Statistical. Swiss GDP showed an increase by 2.0% in 2014, in line data recorded in 2013 (+ 1.8%); the impetus came from foreign trade and investment, not to mention the service sector, in particular the wholesale trade as well as some export industries. The financial sector, however, after the strong growth of 2013, slowed.
SBB will launch on bitcoin market: from next November 11, travelers can buy the digital currency from the vending machines. Swiss railways intend to start a two-year test phase to determine whether there is a market for this kind of news.
This year has been full of surprises. Commodity prices kicked things off with a steep and unexpected drop before steadily rebounding. Then Brexit happened – or the vote did, at least. The political pandemonium has been prolonged since, with Donald Trump closing in on presidential rival and early-favourite Hilary Clinton.
Japan's consumer prices fell in September for the seventh straight month, data showed Friday, heaping more pressure on the central bank to push back its inflation target deadline, the government announced Friday. The disappointing data came as the world's third largest economy struggles to kick-start growth and conquer a long battle against deflation.
D. Salvatore, Distinguished Professor of Economics and Director of the Global Economic Policy Center at Fordham University (New York), will examine the prospects and policies for United States, Europe, Japan, China , India, Brazil and Russia to overcome recession and return to rapid growth.
Jointly with renowned experts, SSF will debate key success factors for fruitful partnerships attract
Learn about the latest Cryto Currency and Blockchain investment opportunities, the features that set
At the upcoming conference you will get the opportunity to discuss Social Impact Bonds (SIB) and rel
The climate transition creates opportunities and risks, and financial institutions and corporations
Over 150 Fintechs CEOs from all over the world will be in both panels & interviews and on this stage
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