In a major victory for Beijing, which continues to lure away the dwindling number of countries that have formal relations with the self-ruled island, Panama has established diplomatic ties with China and while breaking ties with Taiwan. Panama was establishing… Read More ›
Day: June 13, 2017
SocGen Says QE To Be Extended Till 2019 By ECB
Societe Generale suggested that despite announcing at its most recent policy meeting that the region’s growth prospects now look “broadly balanced”, the European Central Bank could be expected to continue its bond-buying program known as quantitative easing (QE) into 2019. SocGen said in… Read More ›
GE wins antitrust approval from U.S. Justice Department for its acquisition of Baker Hughes
GE had already received the EU’s nod for this deal, it has now won the U.S. Justice Department’s approval as well. On Monday, the U.S. Justice Department disclosed that it has given the go ahead to General Electric Co acquisition… Read More ›
VW in talks with LG Chem for supplying batteries for its Modular Electric Drive project
LG Chem has denied media reports of having signed such a deal and has declined to comment on such rumours. South Korean battery maker LG Chem Ltd has denied media reports of having signed a $6.20 billion (7 trillion won)… Read More ›
U.S Treasury unveils reforms to loosen regulatory scrutiny of large financial institutions
By routing these ‘financial reforms’ through regulatory agencies rather than the U.S. Congress, the Trump Administration is loosening the regulatory scrutiny that was placed on big banks following the 2007-2009 financial crisis. With the U.S. Treasury Department unveiling sweeping reforms… Read More ›