There was 300 per cent oversubscription for the stocks of Foxconn Industrial Internet in what is being touted as China’s biggest IPO in the last three years Driven by expectations of a price rise following the listing, there was high… Read More ›
Day: June 8, 2018
Argentina To Get $50 Billion Loan From IMF
$50bn would be given to Argentina as debt to spruce up its debacle economy by the International Monetary Fund, However, the IMF board still needs to pass the three-year agreement. Following the local currency of Argentina hitting record lows on… Read More ›
Regional security at threat, if Iran cornered: Iranian parliamentary speaker Ali Larijani
Although Ali Larijani’s posturing is aimed at Iran’s domestic population, it assumes significance due to its geo-economic ramifications. On Friday, Iran’s parliamentary speaker, Ali Larijani, said security in the Middle East could be threatened if Tehran was cornered by Saudi… Read More ›
Oil prices likely to rise due to U.S. sanctions on Iran and Venezuela
Iran slammed U.S. arrange of ignoring 60 years of OPEC’s history by suggesting Saudi Arabia boost its oil production in order to make up for Iran’s shortfall. In a development that essentially sets the stage for a tough meeting at… Read More ›
Offloading non-core assets will ease VW’s transition into emerging automobile market
Volkswagen’s top management is aiming to transformation the group into a more modern, streamlined company. Although the process is seen as painful, it pays off in the long run. On Friday, the top leader of Volkswagen’s powerful works council said,… Read More ›
New tariffs on cars and trucks will negatively impact U.S. consumers: Japan’s automakers association
In a cautionary move, Japan has warned the U.S. that any imposition of new tariffs will negatively impact U.S. consumers and its auto industry. On Friday, Japan’s automakers association (JAMA) came down heavily on U.S. overtures to explore the possibility… Read More ›
U.S. – China trade gap widens to $24.58 billion in May 2018
Given its humongous trade surplus with the U.S., it would be only natural to assume that China has much to lose in the event of a hike in U.S. import tariffs. Before such tariffs are enforced by Washington, Beijing is… Read More ›
manageria.biz 