While earning HNA had voting rights of 7.64%, its now cut it to 6.3%. The development comes as the EU is becoming more conscious of the Chinese threat. According to information available in a filing with the U.S. Securities and… Read More ›
Day: February 16, 2019
Global automakers brace for potential tariffs on autos and car parts
The U.S. Commerce Department is slated to send a confidential report to U.S. President Donald Trump clearing the way for him to potentially impose tariffs on imported autos and auto parts on the grounds that they threaten U.S. national security…. Read More ›
Risk of recession rises for the U.S. economy
Europe is also staring at a similar scenario. According to financial data, with the outlook of Wall Street’s earnings facing a significant deterioration in recent months, the risk of the United States slipping into a recession has become a major… Read More ›
Theresa May’s Brexit plan faces symbolic defeat in parliament
The development revealed that Pro-Brexit members within party are a major stumbling block to passing any agreement. British Prime Minister Theresa May’s Brexit plan suffered yet another humiliating defeat on Thursday. As a result the development has undermined her pledge… Read More ›
Visa Inc and Mastercard Inc set to hike interchange fees
Two of the biggest card networks in the U.S. are scheduled to hike card processing fees. The move comes at a time when there is growing push towards a cashless economy. The Wall Street Journal has reported citing sources familiar… Read More ›
