A meeting of the leaders of the European Union this week will focus on other simmering crises amid stalled Brexit negotiations instead of Britain’s march out of the block which was once heralded as a crucial moment in Britain’s history and… Read More ›
Day: October 19, 2017
Potentially Heading Back To Stocks Is China’s Giant Ball Of Money
China’s campaign to curb financial risks over the past year have targeted property, overseas investments and shadow-banking products. But what is the next thing. What’s often called China’s giant ball of money back into stocks, which, despite steady gains, have… Read More ›
ECB Chief Mario Draghi Says Cryptocurrencies Like Bitcoin Are Not ‘Mature’ Enough To Regulate
According to Mario Draghi, the ECB president is of the opinion that cryptocurrencies are not “mature” enough to be considered by the European Central Bank (ECB) for regulation. Draghi said this while addressing question about the potential of cryptocurrencies like… Read More ›
American Express Co’s chairman and CEO to step down On January 31, 2018
Widely expected to retire, Kenneth Chenault, 66, has been a veteran in the company and thanks to his leadership, Amex has reported a 19% rise in its quarterly earnings this year. In a significant development, American Express Co has stated… Read More ›
Kobe Steel’s aluminum plates meet safety and durability standards: Toyota Motor Corp
Toyota is now checking whether Kobe Steel’s non-aluminum products meet the necessary standards as well. On Thursday, in what is likely to be a reprieve for embattled Japanese steelmaker Kobe Steel Ltd, Toyota Motor Corp has confirmed that the aluminum… Read More ›
Japan’s Securities and Exchange Surveillance Commission probing Toshiba latest earnings report
Toshiba’s auditor PriceWaterhouseCoopers Aarata LLC has qualified its latest earnings report. On Thursday, a source with direct knowledge of the matter has divulged that Japan’s securities watchdog is investigating Toshiba Corp’s latest earnings statements to see whether it has properly… Read More ›