The economic growth rate for the 19-member eurozone saw a growth of 2.3 percent year-on-year for the fiscal year of 2017, according to official data which was released by the economic block earlier in the week. The registered rate of… Read More ›
Month: March 2018
Massive Cyber Hack Forces Crackdown On Cryptocurrency Exchanges By Japan
Following a recent cyber heist of $530 million in Japan that has once again shaken the world of cryptocurrency, trading was halted at two cryptocurrency exchanges forcefully by the authorities in Japan as a part of its crack down on… Read More ›
Grab in advanced talks to acquire parts of Uber’s Southeast Asian business
The move could potentially see Uber pull back from its global expansion drive. As per a source with knowledge of the talks, Grab, Southeast Asia’s biggest ride-hailing firm, is in advanced negotiations with Uber Technologies to acquire some parts of… Read More ›
Goldman Sachs preparing to move its London-based team to Frankfurt
Members of Goldman Sach’s derivatives and debt capital markets teams, working on German accounts, have been told to relocate to its offices in Frankfurt. According to two sources with knowledge of the matter, Goldman Sachs has put more than 2… Read More ›
Britain based financial services likely to have limited market access to EU’s single market regime
The services of London-based financial services, including funds, banks and insurers are likely to be capped in their access to EU’s single market regime. Bloomberg has reported, citing a draft document, that the European Union plans on providing British-based financial… Read More ›
BMW and Mercedes gain marketshare in South Korea
With GM’s major restructuring, consumers have preferred high-end German engineering to one whose after-care services residual value is uncertain. German engineering is making history in South Korea: for the first time, BMW and Mercedes vehicles have outsold those from General… Read More ›
EU readies duties salvo to Trump’s import duty broadside
The European Commission has readied a list of U.S. products which could see a rise in import duty if the U.S. Administration delivers on its threat of imposing 10% import duty on EU aluminum and 25% import duty EU Steel…. Read More ›
Lower prices of Airbus A380s could potentially trigger increased purchases: AIG Group’s Chief Willie Walsh
A more aggressive pricing strategy for the super jumbo jet is likely to boost sales. IAG’s CEO disclosed the airliner would consider purchasing more A380 jets if Airbus were to lower their prices. “The pricing that Airbus has offered in… Read More ›
Creditors to sue Etihad over Air Berlin’s insolvency: source
Creditors are of the opinion that Etihad, Air Berlin’s parent, should have taken care of its issues such that it need not have gone to administration. As per a source close to the matter at hand, Air Berlin’s creditors are… Read More ›
Lobbyists, business groups and farmers urge Republican lawmakers to vote against higher import tariffs on steel and aluminum
Although the reasons why the U.S. Administration is pushing for higher import duties on steel and aluminum may be justified, it will have to time the imposition of tariffs since trade wars and higher import tariffs don’t gel well in… Read More ›
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