Euro zone inflation reaches six-year maximum in October
In October, euro zone inflation demonstrated its fastest tempo for almost six years, powered by energy prices…
Local, global security companies compete for China's 'Silk Road'
Global security companies along with their smaller Chinese counterparts are jostling for business along Beijing's "Silk Road". That’s a grandiose plan for land as well as sea routes, which connect the world's number two economy with the rest of Asia and beyond.
Representing investments of hundreds of billions of evergreen bucks, the pet project of China’s President Xi Jinping is seen spurring economic surge at home. It’s also considered to be positive for everything from cement makers to steel prices.
Security companies also expect to tap the rush by simply offering to protect thousands of Chinese employees, not to mention the country’s roads, pipelines, power plants and railways.
Of course, it will be quite difficult. However, with executives warning that state-owned companies running or planning projects from Vietnam to Africa sometimes prefer dealing with fellow Chinese and they try to reduce costs to a minimum.
Similar
Weekly Cryptonews
The crypto market experienced huge losses during this week. What are the reasons?
Japanese exports rebound in October
In October, Japan's exports rebounded following dives provoked by a series of natural disasters…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
