According to a warning by the deputy head of the International Monetary Fund, even while the world financial system being unprepared for another economic meltdown, there are dark clods gathering over the global economy that could lead to the setting… Read More ›
Day: December 11, 2018
China Could Cut Tariffs On U.S. Made Cars
According to reports, trade-war tariffs on imported U.S.-made cars is anticipated to be reduced by China – a measure that had already been claimed to have been achieved by United States president Donald Trump as a part of the agreement… Read More ›
UK Economy Slows Down As Flattening Of Manufacturing Growth
The Office for National Statistics (ONS) of the United Kingdom has said that growth in the manufacturing sector has come to a standstill resulting in a slowdown in the growth of the country’s economy. The economy clocked a growth rate… Read More ›
Govts. Should Take Major Steps on Climate Change, Says Investor Group With $32 Trillion Assets
Call to governments all across the world to spruce their efforts to manage climate change was issued by a group of investors who together manage assets worth $32 trillion. There remains a wide gap between the measures to tackle climate… Read More ›
Hong Kong Set To Become Largest IPO Launcher This Year
According to the latest available data, in terms of the most money raised in stock market flotations, Hong Kong is on course to be the first in the world this year beating arch rival New York. However, the data also… Read More ›
Lockheed Martin Corp names Kenneth Possenriede as its CFO
Kenneth Possenriede will be replacing Bruce Tanner who is set to retire in mid-2019. U.S. defense contractor Lockheed Martin Corp has announced, Kenneth Possenriede will be replacing Bruce Tanner as its chief financial officer. Tanner is likely to retire in… Read More ›
Daimler to buy battery cells worth $22.75 billion
The move signals Daimler’s push to electrifying its near-future lineup. In a development that marks the electrification of its future lineup, on Tuesday, Daimler stated it would purchase battery cells worth at least $22.75 billion (20 billion euros) as it… Read More ›