by leon | Apr 19, 2016 | Blogs
Corporate borrowers across the world have defaulted on $50 billion of debt so far this year as the number of delinquent companies accelerates at its fastest pace since the financial crisis in 2009. According to Standard & Poor’s nearly half of the defaults have...
by leon | Apr 17, 2016 | Blogs
Turkey’s president Recep Tayyip Erdogan has been the big winner out of Europe’s refugee crisis. Last month, he secured billions of euros in foreign aid. The deal also included visa-free EU entry for Turkish citizens. And, significantly, the EU in its desperation to...
by leon | Apr 16, 2016 | Blogs
Much attention lately has been placed on the massive 2.6 terrabyte leak of the law firm Mossack Fonseca’s Panama Papers The Panama law firm has helped foreign corporations and individuals set up shell companies not just in Panama but also the Bahamas, the British...
by leon | Apr 13, 2016 | Blogs
The coal industry is in decline. In the United States, coal plants generated 29 percent of US electricity, dropping from 39 per cent in 2014, as cheap natural gas establishes itself as the nation’s favourite power-plant fuel. According to the International Energy...