Daniel Yoo, head of global wealth management at Kiwoom Securities believes that the funds flowing to listing Hanjin Shipping were likely to fall far short of what was needed to get its stalled cargo moving. “Hanjin Group is now going to… Read More ›
Day: September 12, 2016
Serious Discussion of Rate Hike This Month Urged by Fed’s Lockhart
Despite the revelation of some recent disappointing economic indicators, the call for a “serious discussion” about raising interest rates at the U.S. central bank’s meeting later this month was repeated by Federal Reserve Bank of Atlanta President Dennis Lockhart. “Notwithstanding… Read More ›
With an eyeing on the Chinese car market, VW partners with Chinese tech groups
With China’s car market being the biggest in the world, this strategic step by VW could have potentially big payoffs. Undeterred by its troubles, Volkswagen has deepened its collaborations with Chinese internet technology groups in order to increase and expand… Read More ›
Hanjin ship begins unloading at California
Reeling under a $5.5 billion debt, Hanjin’s plight have increased freight rates and are casting long shadows on the coming U.S. holiday season. In a development that bodes well for importers, a ship belonging to bankrupt shipping company, Hanjin Shipping… Read More ›
Amazon & Pandora to launch subscription based music streaming services
Amazon’s Echo customers will be charged only $5 for the music streaming service against the industry’s going rate of $10. According to several sources who are knowledgeable of the matter at hand, Amazon.com Inc. and Pandora Media Inc. are planning… Read More ›
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