In a long-delayed deal that will equip India’s air force with advanced fighter jets Indian Prime Minister Narendra Modi has finalized an order to buy dozens of warplanes from France. A contract to purchase 36 Rafale jets from Paris-based Dassault Aviation… Read More ›
Day: September 23, 2016
New Index on Free Economies Places US on 16th Spot, Hong Kong, Singapore Tops List
As the United States languished in the middle of the pack of large economies, with relatively better growth and liberalization providing ballast to economies in Asia, the world’s largest economy just isn’t what it used to be, suggests a new… Read More ›
France to tax Societe Generale if Jerome Kerviel wins case
Societe Generale can face 2.2 billion euros in tax deductions since it had benefitted from the same earlier in 2010. The government of France has indicated that if the verdict from a court of Appeals were to rule that Jerome… Read More ›
Grab partners with Singapore’s nuTonomy for automated autonomous taxies
The move consolidates Grab’s foothold in the Southeast Asian market. Grab, a ride-hailing company which is giving Uber the shivers in Asia, has partnered with a Singaporean startup which specializes in driverless-technology thus further strengthening its hold on the Southeast… Read More ›
Hanjin Shipping receives $45 million credit line to help unload its cargo
Despite numerous sources of credit, Hanjin Shipping is still short of 270 billion won to unload all of its cargo. The non-unloading of its cargo is likely to impact the upcoming holiday shopping season. In a development that could act… Read More ›
VW’s golf assembly remains shut at Wolfsburg for Friday, Monday and Tuesday
The halt in production of its top selling model comes due to the breaking of a piston rod inside an engine of its plant. Volkswagen has stated that it will halt production of its Golf hatchback at its Wolfsburg factory… Read More ›
Airbus confident of mitigating production delays related to the engines of its A320neo
The sourcing delay comes midst United Technology Corp reducing its delivery target of 150 from 200. John Leahy, the Airbus Group’s Chief Operating Officer has stated that the company is confident in mitigating issues related to production delays of its… Read More ›
Barclays told to settle CFTC charge by paying $500,000
The charges relate to deficiencies of record keeping for the FY 2009-2012. The U.S. Commodity Futures Trading Commission has stated that it has ordered Barclays Bank PLC to pay $500,000 as settlement charges for deficiencies related to record-keeping. The agency… Read More ›