More risk factors are expected to unfold in 2017 following a year packed with economic and political uncertainty. However, when looking at the year ahead, Brexit and Donald Trump’s presidency isn’t what concerns him the most at present for one… Read More ›
Day: December 21, 2016
WSJ says Apple Inc. and Indian Government in Talks to Manufacture Locally
As Apple Inc. aims to make deeper inroads in the world’s second-largest mobile phone market by users, the Wall Street Journal reported that the U.S. firm is in talks with India’s government to explore making products locally. Through his ‘Make… Read More ›
VW agrees to spend additional $1 billion to fix more of its 3.0 engine cars in the U.S
Volkswagen will buyback or fix another 80,000 3.0 litre diesel vehicles in the U.S for which it will spend 1, and up to 105,000 2.0 litre vehicles in Canada. In strategic efforts aimed at putting the emission cheating scandal behind… Read More ›
Financial giants invest in blockchain starup Axoni: Sources
Blockchain technology set to gain traction with investments from Goldman Sachs, JPMorgan, Barclays, ICAP, Thomson Reuters, etc. According to sources familiar with the deal, JPMorgan Chase & Co, the Goldman Sachs Group Inc. along with a group of other financial… Read More ›
Microsoft win $927 contract from Pentagon
Microsoft will provide technical support to the Defence Information Systems Agency. The Pentagon has stated that it has awarded a contract worth $927 million too Microsoft for it to provide technical support to the Defense Information Systems Agency.
US Airways wins $15 million in antitrust suit against Sabre
Sabre reacted to the verdict stating that it believes that it has operated “fairly and lawfully.” It will go on appeal. On Tuesday, in a landmark ruling, the American Airlines Group Inc. (AIG) won nearly $15.3 million in an antitrust… Read More ›
Alternative Investment Management Association outlines its wishlist before Brexit negotiations
European Securities and Markets Authority gives a preview of how British hedge funds and private credit assets could tap EU’s single market bloc after Brexit. Before Brexit negotiations begins, a British hedge fund group has laid out its wishlist, which… Read More ›
France’s DCNS wins Australian contract to build a fleet of submarines
DCNS bagged the contract having beaten competition from Germany’s ThyssenKrupp AG and Japan’s Kawasaki Heavy Industries and Mitsubishi Heavy Industries. In a significant development, France and Australia have signed a deal worth $36.3 billion in which French naval contractor will… Read More ›