Recent Posts

Spain joins forces with India’s Bollywood to boost tourism

  Madrid, Spain / AP Spain is coaxing Indian moviemakers to use its colourful fiestas and historic monuments as settings for their films, in a move to grab a bigger share of India’s fast-growing overseas tourism market. As part of its bid to lure visitors from the world’s second most populous country, Madrid will host next weekend the annual International Indian ...

Read More »

Oil rally out of steam as Canada’s wildfire threat fades

  Bloomberg Here comes Canadian oil to douse the hottest rally since 2009. Money managers reduced bets on rising oil prices by the most in 11 months as Canadian output continued to ramp up after Alberta’s wildfires. The recovery in oil prices remains “fragile” as disrupted supplies return to the market and prolong a global surplus, according to Goldman Sachs ...

Read More »

Morgan Stanley says bet on bonds ahead of vote; treasuries fall

  Bloomberg Morgan Stanley says investors should bet on longer-term bonds ahead of the U.K. vote on whether to leave the European Union. “We suggest investors remain long duration across developed rate markets into the EU referendum,” Morgan Stanley analysts including Matthew Hornbach, the head of global interest-rate strategy in New York, wrote in a June 17 report. “Rates would ...

Read More »
Send this to a friend