While the leader of the country’s main opposition party called for snap elections, he also said that the leftist Syriza government has set Greece’s economy back two years. “We are ready to win the election and we are ready to… Read More ›
Month: September 2016
Brexit Must be Fair for all, says Jaguar Land Rover, After Nissan Ultimatum
If Nissan gets a Brexit compensation deal then other automakers would need a level playing field, Britain’s biggest carmaker Jaguar Land Rover said that it will “realign its thinking” on investment after Britain’s vote to leave the EU. Signs that… Read More ›
Ferrari’s Sold-Out $2.1 Million Aperta Underpins Growth Push
Underscoring the marque’s allure even as the former unit of Fiat Chrysler Automobiles NV widens its line-up with more affordable models, Ferrari NV sold out a $2.1 million open-top version of its LaFerrari supercar before its public debut. Te Paris show… Read More ›
Sumner Redstone sees potential in Viacom CBS merger
National Amusements, Viacom’s controlling stakeholder, is gunning for the deal. Incidentally, Viacom and CBS split 10 years ago. National Amusements, the company which has a controlling stake in Viacom, has stated that the merger of Viacom Inc. and CBS Corp… Read More ›
Sharp to invest $567.81 million in OLED business
Leading vehicle manufacturers across the world are racing to transform transportation technology with increased usage of electronics and displays. With this investment, Sharp is gearing up to tap this explosive growth. In a strategic move, Japan’s Sharp has stated that… Read More ›
Former BlackRock employee charged with insider trading by Britain’s FCA
In an e-mailed statement BlackRock has clarified that the charges do not impact its clients or its operations since the charges are against Mark Lyttleton, in his personal capacity. Britain’s market regulator has charged Mark Lyttleton, a former fund manager… Read More ›
South Korean Economy Weigh Down by Hyundai’s Largest ever Labor Strike
While it is no stranger to worker strikes, but alarm bells are rising at Hyundai Motor, the world’s fifth-largest automaker, by the current episode—its biggest ever. Over demands for wage increases, a first nationwide, full-day walkout in 12 years on… Read More ›
Billionaire investor Icahn reduces his exposure to the oil and gas industry
Although he has termed the move as one required for tax planning, fact is the oil industry has been in the doldrums since a while now but with OPEC trying to reign in prices, the prospects of oil production reaching… Read More ›
Financial institutions and banks from Britain can now easily relocate to France
Existing banks and financial institutions in the EU, can easily relocate to France since their existing legal documents in English are now acceptable for registration in France. There is no need for translating them in French. With Brexit taking its… Read More ›
EU seeks to tighten the exports of dual use technologies and goods
Having identified loopholes in the current export norms the Commission is trying to plug them while tightening them even further so that they aren’t misused in the hands of extremists and rogue governments. So as to reign in human rights… Read More ›