H.E Sheikh Abdullah bin Saoud Al Thani, the Governor of Qatar’s Central Bank (QCB) has signed a currency swap agreement with Murat Cetinkaya, the Governor of the Central Bank of the Republic of Turkey, signaling greater economic cooperation between the… Read More ›
The agreement, which took 2 weeks to negotiate averted a potential strike at one of its biggest plant in Mexico’s central city of Puebla. On Monday, EU’s biggest carmaker Volkswagen AG stated, it has agreed to a 5.5% increase in… Read More ›
Noble’s survival depends on the passing of the restructuring plans, on which the board is set to vote on August 27. On Monday, bellicose commodity trader Noble Group Ltd disclosed, Richard Elman, who is its chairman and also its founder,… Read More ›
According to a report published in the New York Times, the funding got taking Tesla private could be helped by Elon Musk’s rocket company, SpaceX. Last week, markets and investors were very surprised after Musk tweeted about his contemplation of… Read More ›
After expelling right-wing conspiratorialist Alex Jones from Twitter, the company CEO Jack Dorsey is contemplating making deeper changes to this social media platform which would help reduce the spreading of fake news, misinformation and hate speech. Twitter was part of… Read More ›
As a result of China’s credit ratings industry assigning favorable ratings to the bonds of local issuers while downplays their credit risks, the market is full of issuers who have AA ratings which are reserved only for the safest and… Read More ›
Toyota aims to produce 2 million vehicles a year by early 2020s, which is a jump of more than 50% its current capacity. As per a source from Toyota Motor Corp, the Japanese carmaker will boost production capacity at its… Read More ›
Granges had aimed to manufacture advanced aluminum materials for brazed automotive heat exchangers through a JV with Mitsubishi Aluminum for the North American and Mexican markets. On Friday, Sweden’s Granges disclosed that it will no longer go ahead with its… Read More ›
China’s lending program to the island nations of the South Pacific has gone from zero to more than $1.3 billion over a decade. The relatively high cost of debt-servicing in these tiny economies have stoked fears that the entire region… Read More ›
Coca-Cola did not disclose any financial details of the purchase, which is to be seen in the context of its fizzy colas losing steadily marketshare to popular alternatives to its PepciCo-owned rival. On Tuesday, Coca-Cola Co disclosed, it is in… Read More ›
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