The managing director of the International Monetary Fund (IMF) and the will known face of this international financial body Christine Lagarde will be stepping down from her post, the IMF chief has announced. This announcement comes before a decision is… Read More ›
Month: July 2019
US Big Three Banks Report Good Earnings But Issue Warning Signs
While issuing warnings for the future of their business as well as for the financial industry as a whole, strong performance was reported by three big United States banks The reports of the banks clearly indicated that lower interest rate… Read More ›
Meal delivery company Blue Apron to include Beyond Meat on menu from August
Items including Beyond Burger, will be included in Blue Apron’s Signature Two-Serving Plan. On Tuesday, in a development that underscores a growing trend in the adoption of vegetable meat by consumers, Blue Apron Holdings Inc, a meal kit delivery company… Read More ›
U.S. manufacturing improves marginally during second quarter
Manufacturing activity along with capacity utilization in the manufacturing sector are indicative of how much more the economy may be able to grow before inflation becomes a concern. There has been an acceleration in U.S. manufacturing output for the second… Read More ›
The Hong Kong Wealthy Are Moving Their Wealth To Singapore: Bloomberg
Worry about the long term effects of the political crisis in the Chinese city of Hong Kong has got private bankers in the city busy with many inquiries from investors there according to a report published by Bloomberg. According to… Read More ›
Issue Of Taxing Large Tech Firms Could Take US And UK On A Collision Course
The issue of taxing internet giants could take the United States and Britain on a collision course. Starting from 2020, all large search companies, social media platforms and online marketplaces operating in the United Kingdom would be levied a tax… Read More ›
Indian government reins in auditing firms KPMG & Deloitte to global accounting standards
The Indian government has banned Deloitte Haskins & Sells LLP from doing business in the country following allegations of shoddy work and non-compliance to global accounting standards. In a significant development, Indian authorities have told a tribunal, Deloitte Touche Tohmatsu’s… Read More ›
Jonathan Symonds likely to be GlaxoSmithKline Plc’s chairman
Jonathan Symonds is HSBC’s deputy chairman. His appointment to the post, still under negotiations, will be subject to approval from banking regulators. Bloomberg has reported citing a source familiar with the matter at hand as saying, GlaxoSmithKline Plc is in… Read More ›
Amazon’s new warehouse in Germany will create 2800 new jobs
Amazon plans on opening a new warehouse in Germany’s western city Moenchengladbach, by the end of this year. Amazon.com Inc, the world’s biggest online retailer stated, it plans on opening a new warehouse in Germany later this year. The move… Read More ›
HIV Vaccine To Be Tested In US And Europe By J&J
An experimental vaccine to combat HIV is to be tested in the United States and Europe by the pharmaceutical giant Johnson & Johnson. According to a report published by CNBC, the company has confirmed that the tests are to be… Read More ›