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IMF Slashes India’s Growth Rate Due to Demonetization Impact

The Indian government’s decision to demonetize high denomination currency notes in November 2016 has resulted in the country losing its position of being the world’s fastest growing large economy. The International Monetary Fund (IMF) in its latest update to its

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Citigroup fined $1 million for overcharging of customers

In the first-week of January, the stock of banking and financial institution Citigroup Inc (NYSE: C) hit a new 12-month high of $61.61. The overall rally in the banking stocks, triggered by the expectation of huge demand for funding of

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Upcoming Windows “Creators update” turns Microsoft bullish

Since June 2016, the stock of software giant Microsoft Corporation had appreciated nearly 30%. In fact, the company had outrun all other tech giants and also the S&P 500 index, which gained only 9.55% y-o-y. On December 22nd , 2016,

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Weak Pound Likely To Cause British Businesses To Raise Prices

A recent survey shows that Britons will have to facing rising prices in the coming months as the economy comes to grips with the fallout of Brexit. The poll conducted by the British Chambers of Commerce (BCC) has revealed that

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Baidu to gain from increasing demand for SVOD service

China’s leading search engine provider Baidu Inc (NASDAQ: BIDU) had a tough 2016. The stock had depreciated by about 15% y-o- y to close at $164.41 on last Friday. The company faced a credibility issue when a Chinese student died

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