For the first time, Tesla Motors has turned a profit. On that note, Musk has clarified that the company’s Model 3 will not need fresh capital infusion and that its deliveries are as per schedule. Tesla has also significantly reduced… Read More ›
Month: October 2016
Samsung Electronics changes QA after Galaxy Note 7 fiasco
Following Galaxy Note 7’s withdrawal from the market, Samsung Electronics is aiming to install a more rigorous scrutiny in its quality assurance process. It has also called for an extraordinary meeting to decide on issues related to the divesting of… Read More ›
Boeing posts strong cash flow, despite slowdown in production
Analysts are closely watching the deferred production cost for Boeing 787 Dreamliner, which declined by $150 million to $27.5 billion, The world’s largest airplane manufacturer, Boeing has reported its third quarter results which have defied analysts’ profit expectations. Strategic cost… Read More ›
Target to extend free shipping till January 1
It plans on deploying free shipping as a tool to fight off rivals which includes Amazon.com. It expects strong growth in the apparels, toys and home décor categories. With retailers facing a lackluster year so far, Target Corp is likely… Read More ›
Spanish rival joins Carlos Slim’s consortium to bid for $3.5billion Mexico airport terminal
Slim has already won the bid for building the airport’s runway. The wining of a further bid will consolidate his construction business and set off the losses from his telecom venture. As per 5 sources familiar with the matter at… Read More ›
Canada needs free trade deal with EU for its economic growth
With its trade deal with the U.S. under stress, the Canadian negotiation team need to up their game and bring home CETA for the good of their economy. A free trade deal with the EU will see an almost 20%… Read More ›
Fossil Fuel Beaten for First Time by Record Green Power Installations
With record new installations of emissions-free power surpassing sources that burn fossil fuel, renewable energy reached an important turning point last year. This was revealed by the International Energy Agency. The Paris-based agency said in its Medium-Term Renewable Energy Market… Read More ›
Report says if EU Blocks Trade Deal in Brexit, UK could Slash Corporation Tax to 10 Percent
If the European Union refuses to agree a post-Brexit free trade deal or blocks U.K.-based financial services firms from accessing its market, the Sunday Times said citing an unidentified source that Britain could slash its headline corporation tax rate to 10 percent… Read More ›
Warning Over Brexit Banking Exodus Received by UK Government
Large banks with a presence in the U.K. feel that in the wake of the uncertainty surrounding the Brexit vote, the country’s government is not fully receptive to the financial services sector, reported CNBC citing an industry source with knowledge of… Read More ›
Overseas Acquisitions by Chinese Companies Touch Record Amounts this Year
For the first time on record, compared to U.S. buyers, Chinese companies are buying up overseas assets at a faster pace. Select-service hotel portfolio from Starwood Capital Group LLC was agreed to be bought by China Life Insurance Co Ltd for $2… Read More ›
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