Apple will invest in and promote “advanced manufacturing” in the US, CEO Tim Cook told CNBC’s Jim Cramer on Wednesday after the somewhat uninspiring earnings report. It was one of the ways Apple would create...
Francis Fukuyama is one of the big thinkers of our generation. The question he asked in his 1989 essay “The End of History?” was answered in his 1992 book “The End of History and the...
UK Prime Minister May surprised the global investors and world policymakers by calling snap elections, precisely what the 2011 electoral law sought to prevent by fixing the date of elections. As recently as before the...
For two hours in the year, the finance minister is the master of all he surveys. Television cameras show him all over the country; millions watch and listen to him with rapt attention. That is...
Rising oil prices traditionally boost inflation expectations and US interest rates. The May futures contract for light sweet crude oil is up today for the sixth consecutive session. It has risen 11 of the past...
Growing confidence that Le Pen will not be the next president of France following the televised debate for which two polls showed Macron doing best has lifted the euro and reduced the French interest rate...
Elections for five state assemblies have just been concluded. In UP and Uttarakhand, BJP got a clear majority. In Punjab, victory went to the Congress. Two other states did not give a clear cut mandate....
A week ago, after nine Fed officials had spoken, the market widely expected Yellen and Fischer to confirm that the table was set for a rate hike later this month. They did, and the dollar...
The conventional narrative is that in the aftermath of the Great Financial Crisis, the economic and political elites in Europe and America are in dispute. They simply not delivered the goods, namely a rising living...
Freud warned that unresolved psychological conflicts might be repressed but they keep returning. So too with Greece’s debt problems. A new crisis is at hand. Investor nervousness is evident in the surge in the two-year...
Challenging the World Bank and the IMF as a response to their failed reforms or complementing the existing market players with efficiency and not a competition, the New Development Bank focuses beyond those things and...
On November 8, 2016 it was announced by the PM that currency notes of Rs 1000 and Rs 500 denomination having a total value of over Rs 15 lakh crores will cease to be legal...