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Despite Pain in China, Jaguar Manages to Post a Quarterly Profit
22.5.2019
There was a time when British companies used to rule the world, but over the years, some of the nation’s most successful companies have struggled during heightened competition and iconic car manufacturer Jaguar is certainly one of them. The economic slowdown in China over the past few months...
US Reprieve for Battered Huawei Helps in Recovery of Tech Sector Stocks
22.5.2019
Huawei is the world’s biggest supplier of telecom equipment, but over the past few months, the company has been in absolute turmoil as the American authorities accused that the company’s equipment was a vehicle for Chinese spying and eventually banned it. Additionally, the US also reached out...
Colombo Port to be built by Japan and India, Undermining China’s Belt and Road
21.5.2019
China’s rising influence in Asia and other parts of the world through its Belt and Road initiative has not gone unnoticed. The infrastructure program has come in for a lot of criticism from many nations as they claim that the whole thing is a plan from the Chinese to become one of the most powerful...
10% White Collar Jobs to be Cut by Ford Motors in a Major Revamp
21.5.2019
As far as car manufacturing giants are concerned, Ford Motors is in a league of its own, and over the past decades, the iconic company has expanded aggressively in a range of markets. However, it has generally had mixed results with regards to its global adventure, and after years of reversals...
As HSBC Guns for More Market Share, More Tech Jobs To Come Up in China
21.5.2019
HSBC Holdings is one of the largest banking giants in the world and over the course of its history; the bank has always had a strong presence in Asia. However, the lender is not going to rest on its laurels and is looking to further consolidate its presence in the continent by adding as many...
General Motors and Honda Join Hands For Smart Grid and Electric Vehicle Research
21.5.2019
According to experts in the automobile industry, electric vehicles are eventually going to be far more prevalent in the streets across the world, and hence, it is no surprise that the world’s biggest car makers are investing heavily in EVs. While Tesla seems to be the most famous name in this...
Goldman in Talks to Buy European Budget Hotel Chain for 1.9 Billion Euros
20.5.2019
Over the course of the last few decades, Goldman Sachs has firmly established itself as the byword for shrewd investing and remains the gold standard in high finance at a global level. The bank is involved in creating highly sophisticated securities for its clients and remains the world’s most...
Leading French Asset Manager Tikehau Sells Stake to Banking Giant Morgan Stanley
20.5.2019
For an asset management company of any stripe, an investment from blue-chip banks to the world of high finance are possibly the most coveted and for French asset management firm Tikehau that was surely the case. The firm had been looking for investment and collaboration with investors from North...
Aldi: A New Giant in American Supermarket World
20.5.2019
We recently saw how Amazon and Walmart, two huge retail giants, became a part of fierce business competition. Not only these two but in today’s time, a whole lot of big firms are active players in the cut-throat competition of the retail market. In the last few years, these supermarket or retail...
Finablr PLC Lists On Main Market Of London Stock Exchange
20.5.2019
Global payments company Finablr PLC gets listed on the main market of the London Stock Exchange. The company’s shares will be listed in the premium category of the main market. As far as the world’s leading stock exchanges are concerned, the one in London remains one of the most influential...
What is Decentralized Finance and What’s It Good For?
18.5.2019
DeFi, or decentralized finance, is one of the biggest things in the blockchain and cryptocurrency industry right now, and it does pretty much what its name suggests. That is, it uses blockchains, smart contracts and/or cryptocurrencies to deliver financial services to customers, be these loans...
Japan’s Topix May Increase By 15% In 2020: Morgan Stanley
17.5.2019
Morgan Stanley, a leading investment bank, is expecting the Japanese Topix to increase by close to 15% by mid of 2020. As per a report published last week, it says that the Japanese stocks are the opposite of American stocks. While the American stocks are loved, the Japanese stocks are ‘oversold...
Jet Powered 5-Seater Self Flying Aircraft Unveiled
17.5.2019
A startup company from Germany has revealed an all-electric self-flying 5 seater prototype of an air taxi. The German-based company, Lilium on Thursday announced that this taxi had made its first test flight successfully earlier this month. The aircraft took off, ran around and landed....
Brazil’s Soybean Farmers: the Big Winners of US-China Trade War
17.5.2019
The trade war between the United States and Chine has comfortably been the most significant development as far as global trade is concerned, and even after months of talks between the two nations, no resolution is yet at sight. In fact, the tensions have escalated after the two countries resumed...
American Consumers Feel The Heat Of Trade War, Walmart Raises Prices
17.5.2019
Trump’s imposition of tariffs on Chinese products attracted a retaliatory tariff hike by China on American products. The latest victim of this trade war is the average American consumer as Walmart in a statement said that it would increase prices on the items that are imported from China....
Top Tesla Investor T Rowe Sells 81% of Shares, Others Follow
17.5.2019
Tesla, the electric car maker’s top investor T Rowe Price Associates sold close to 81% of its stakes in the first quarter of the year making a quick retreat from the company it had invested for long. T Rowe had 1.7 million Tesla shares on Mar 31, and it once held 8.9 million shares in …
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Microsoft Partnership and Buyback Announcements Send Sony Shares Soaring to New Highs
17.5.2019
When it comes to large corporations like Sony, a lot of effort needs to be made in order to send its shares soaring, and that is what happened yesterday as the company made some major announcement. While stock buybacks have been the flavor of the season for many of the biggest corporations in...
Chinese Giant Baidu Records First Quarterly Net Loss Since Listing, Stock Dips
17.5.2019
The fact that Google and many other tech giants are not allowed to ply their trade in China has proven to be a huge book for local tech companies, and over the years, many of those homegrown companies have gone on to become behemoths in their own right. The primary reason behind that hyper-growth...
Amazon Conducts $575 Million Funding Round in UK Food Delivery Firm Deliveroo
17.5.2019
In an increasingly connected world that has been ushered in by a range of tech companies over the past decade and a half, food delivery has become one of the most important industries all over the world and in that regard; the United Kingdom is no different. The country’s most popular food delivery...
European Union Fines 5 Top Banks 1 Billion Euros for Foreign Exchange Market Rigging
17.5.2019
Over the course of their history, some of the biggest banks in the world have often colluded to rig the different markets in which they operate, and much of that has come out in the open over the past decade or so. The fixing of LIBOR was a case in point, and in a new …
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