Its guaranteed buyback program has come to an end. Tesla Motors Inc has disclosed that it has ended its program that guaranteed the resale value of its cars. This move comes in the wake of Tesla lowering the price of… Read More ›
Month: July 2016
EU to grant market economy status to China
China overcapacity is a reason for concern though. Despite being concerned over China’s overcapacity, according to a senior European Commission, the European Union will go ahead and grant China market economy status which will boost trade ties between the two…. Read More ›
Germany Issues 10-year Bond With Negative Yield as the Second G-& Nation After Japan
Highlighting a willingness among investors to hold top-rated debt even as yields across the world collapse, Germany became the second G-7 nation after Japan to issue 10-year bonds with a negative yield. Fetching the lowest average yield on record for… Read More ›
Brexit-spooked Banks Could End up spending $67 million Leaving London
As much as £50 million ($66.5 million) could be spent to relocate to the European Union (EU) by London-based banks looking to pack up after Brexit, claims a report that was published recently. On an average, £50,000 ($66,252) per employee… Read More ›
LG Innotek to build camera module in Vietnam
LG Innotek is distinct from LG Electronics. LG Innotek Co has said it is considering building a camera modules plant in Vietnam, without going into any further details. The Economic Daily, a South Korean newspaper, has reported citing anonymous sources… Read More ›
Strata Manufacturing wins two contracts worth $1billion
The company is owned by an investment firm from Abu Dhabi. At the Farnborough Airshow, Strata Manufacturing has disclosed that it has won two contracts from Airbus whose combined value is more than $1 billion. Strata Manufacturer is a components… Read More ›
China’s steel overcapacity is a major problem – Junker
The overcapacity has led China to dump steel in export markets. Jean Claude Junker, the European Commissioner has made it clear to his Chinese counterpart that China’s overcapacity in the steel sector is a very serious issue. By far the… Read More ›
Rolls-Royce likely to turnaround this year with a potential cost saving of upto 1 billion pounds
Increased streamlining of its power systems and marine units the company could result in major savings for the company. Warren East, Rolls-Royce’s Chief Executive said that the company is in the process of making a turnaround with a potential cost… Read More ›
Britain’s staring at recession – BlackRock
Here’s BlackRock’s take on Brexit. As per BlackRock, in the coming years, it is likely that Britain will face a recession and its growth rate trimmed by at least 0.5% point as a result of Brexit. “Recession is now our… Read More ›
Portuguese Economy could be Fighting a Losing Game Even as the Country Wins at Soccer
Even as the nationwide celebrations across Portugal which began this weekend after the country’s football team won the Euro cup would take some more time to settle down, analysts have said that it was also time for the nation to… Read More ›
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