The revelation of close financial ties existed between the Chinese tech giant Huawei and a suspected front company in Iran was made during an internal prove conducted by the HSBC. The probe found that the relationship had existed for years… Read More ›
Day: February 26, 2019
‘Crisis Of Perception’ Faced By Oil Industry: Saudi Aramco
The global oil industry faces a “crisis of perception” since the industry is viewed as a one that has no future, said Saudi Arabia’s state oil company. It however cautioned that such an attitude could jeopardise global energy security. Because… Read More ›
Domino’s Is Still The Pizza Leader Despite Missing Earnings
According to food service industry consultants Technomic, Domino’s remains the leader in the market for quick-service pizza even though the performance of the company’s shares was the worst in over a year following disappointing earnings. But the company is winning… Read More ›
FCA To Make New Jeep SUV Models, To Invest $4.5 Billion In Michigan Plants
The market for large SUVs in the United States has been on the uptick for quite some time now and auto makers have been compromising some of their non-performing models to focus on large SUVs. This is exactly the case… Read More ›
Infrastructure investment under pressure: China’s state planner
Investors are starting to lose confidence in local companies weighed down by a mountain load of debt.
Boeing pitches T-X training jets to Royal Australian Air Force
The Royal Australian Air Force is just one of many potential customers Boeing is talking to ahead of a request for proposal. On Tuesday, Boeing Co disclosed it is holding talks with potential customers, including the Royal Australian Air Force,… Read More ›
Australia’s TPG to writedown $163 million
TPG does not expect the writedown to impact its full-year earnings forecast. It is slated to report its Q1 earnings on March 19. Following a ban on the usage of equipment from Huawei Technologies Co Ltd, Australia’s TPG Telecom Ltd… Read More ›
U.S. Department of Justice asks judge to approve CVS Health Corp’s merger with Aetna
Judge Richard Leon will have to either sign the deal or could possibly hold a hearing to allow critics to raise their concerns. The U.S. Justice Department has formally asked a U.S. judge to approve to allow CVS Health Corp’s… Read More ›
Former PepsiCo CEO Indira Nooyi joins Amazon.com’s board of directors
Indira Nooyi will be part of Amazon’s audit committee on its board. In a development that underscores Amazon’s commitments towards gender neutrality in its board of directors, the world’s biggest online retailer stated it has appointed Indra Nooyi, the former… Read More ›