Airbus is scheduled to make the deliveries between March 2019 through December 2026. On Monday, Kuwait Airways stated it has signed an agreement with Airbus to purchase eight A330-800neo airliners. The deal comes in the wake of five months of… Read More ›
Month: October 2018
Honeywell International Inc’s 2nd quarter profits beat analysts’ estimate
On the wings of strong sales from its businesses which makes a host of products ranging from supply chain and warehouse automation equipment to aircraft engines and catalysts for petroleum refining, Honeywell International Inc reported a better-than-expected second quarter profits… Read More ›
Commonwealth Bank of Australia appoints Alan Docherty as its CFO
On Monday, the Commonwealth Bank of Australia named Alan Docherty as its chief financial officer following an unexpected exit of the previous CFO in May 2018. The development comes in the wake of the lender facing one of its worst… Read More ›
$18 Billion Value Shaved Off Crypto Currencies Market In Three Days
Crypto currencies went through a rough period in the last seven days with about $18 billion being washed away off the total value of global crypto currencies within just a few days. Bitcoin, the largest and the widely owned digital… Read More ›
Tesla Model 3 will now have a new and cheaper variant
Customers would now get a new version of Tesla’s lowest priced car, the Model 3 which would be priced at a slightly lower rate than the current model. Terming the new model a “lower cost, mid-range Tesla Model 3”, the… Read More ›
Following Detaining Of Its Employee, Some China Travel Curbs Placed By UBS
Following the detaining of an employee of the UBS Group in China, restrictions on staff travel to China have been imposed by two large global wealth managers. The incident underscores the challenges that are faced by foreign businesses of doing… Read More ›
China slaps anti-dumping tariffs on hydroiodic acid from Japan and the United States
The tariffs will kick in on October 16, 2018. On Monday, China’s Ministry of Commerce stated, Beijing will slap anti-dumping tariffs on the imports of hydroiodic acid from Japan and the United States. The tariffs, will go into effect from… Read More ›
Eddie Lampert, Sears Holdings Corp’s CEO steps in for bankruptcy financing
Eddie Lampert, Sears Holdings Corp’s largest shareholder and lender, is hoping to use the proceedings to help Sears tide over liquidation ahead of the crucial holiday shopping season. According to sources familiar with the matter at hand, Eddie Lampert, Sears… Read More ›
No-deal Brexit most likely outcome: Ashley Fox
Ashley Fox on Brexit and why the ‘No-Deal’ scenario is the most likely outcome. As per a report by The Observer which cites a leaked e-mail, the head of the Northern Irish party whose support is instrumental to British Prime… Read More ›
USMCA does not impact bilateral agreement: Mexican Foreign Minister Luis Videgaray
Although U.S. Commerce Secretary Wilbur Ross had termed a provision of the USMCA as a “poison pill”, Mexico and China have agreed to interpret it differently: they have emphasized that it does not impact bilateral trade relations between countries that… Read More ›