December 2016
Iran has finalized a $16.6B deal with Boeing to purchase 80 passenger planes
Iran has finalized a $16.6B deal with Boeing (NYSE:BA) to purchase 80 passenger planes, a deal made possible by last year’s landmark nuclear agreement. In a sign of how politically sensitive the transaction is, Boeing […]
Oil prices have jumped 5%
Oil prices have jumped 5% to over $54/bbl after OPEC and non-OPEC producers signed their first deal to cut output since 2001. Led by Russia, non-OPEC nations agreed to reduce production by 558K barrels per […]
Turkish economy hits 7-year low
Turkey’s GDP in the third quarter dropped 1.8%, according to official data released Monday. An unsuccessful coup and continued political uncertainty have contributed to the sputtering economy, which is at a seven-year low. Deutsche Welle […]
SWIFT warns of fresh cyberattack threats
The Society for Worldwide Interbank Financial Telecommunication has warned banks of a wave of hacks and cyberattacks that have successfully stolen funds since an $81 million theft from the Bangladeshi central bank in February. In […]
Sales of small businesses strong in Q3
The number of small businesses that changed hands in the third quarter rose 15% from the year before, indicating the transaction market is still healthy, according to BizBuySell. “Barring any major surprises, 2016 is on […]
Airbnb reportedly repurchases stock from Morgan Stanley
Airbnb has bought back $94 million worth of shares from Morgan Stanley that were sold in a 2014 investment round, sources say. Morgan Stanley sold the shares to comply with its limits on the ownership […]
Japan’s machine orders spike, beating forecast
Economists expected machine orders in Japan to post a 1% year-on-year increase in October, but orders shot up 4.1%, sharply reversing a 3.3% fall in September. Supermarkets and convenience stores upgrading their technology played a […]
Hedge fund activity on the rise
Hedge funds have been reawakened since the US presidential election, and the Federal Reserve’s expected interest-rate hike this week could lead to even more market activity. Brennan Hawken, an analyst with UBS Group AG, says […]