At the center of measures intended to bolster competition in the banking sector in the U.K. are expected to have overdraft fees and an easier system of moving personal and small business accounts. The measures focus on how customers can… Read More ›
Day: August 9, 2016
More Rate Cuts and ‘Quantitative Easing’ could be Resorted to by Australian Reserve Bank: NAB
Experts have warned that if global headwinds persistently continue to weigh on the economy, US and European-style monetary easing policies could be needed to be followed by the Reserve Bank of Australia in addition to it being forced to cut… Read More ›
Production at VW’s Emden plant suspended. Will resume tomorrow.
Production was stopped for yesterday and today due to a shortage of car seat covers. It will resume its operations tomorrow. In a sign of further trouble brewing at Volkswagen, Volkswagen has suspended the production of cars at one of… Read More ›
Italy tries to milk VW’s diesel emission scandal, imposes fine of 5 million euros
VW has stated it will challenge the fine. In a further blow to embattled German auto manufacturer, Italy’s anti-trust agency has disclosed that it has fined Volkswagen 5 million euros ($5.54 million) for having misinformed car buyers about the results… Read More ›
Honeywell in exploratory talks to acquire JDA Software Group for around $3 billion
New Mountain Capital LLC, the primary stake holder at JDA Software has earlier attempted to sell the company. There is no guarantee that these talks could result in a deal. According to sources familiar with the matter at hand, Honeywell… Read More ›
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