Author Archives
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Compared to Metals, Coal, Oil and Gas would Rebound Faster, says BHP
As BHP Billiton Ltd. considers potential acquisitions and weighs as much as $5 billion in project spending, the company sees oil and gas markets rebounding faster than its mined commodities. Recovering oil prices and efforts to lower costs are making… Read More ›
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Second Fund of 500 Startups Aims Investments in South East Asia
A second fund will be used for funding startup ventures in Southeast Asia by 500 Startups, the venture firm that successfully backed ride-hailing startup Grab. Managing Partner Khailee Ng plans to invest in 200 seed-stage companies through the $50 million Durian… Read More ›
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After Brexit Break, U.K. Reboots $20 Billion Sale of Mortgages
The process of the sale of as much as 15.7 billion pounds ($20 billion) of Bradford & Bingley mortgages which paused in the wake of the Brexit vote is being restarted by the British government. According to three people with… Read More ›
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Opposition Leader Claims Two Years of Economic Gains Lost Due to Far-Left Government
While the leader of the country’s main opposition party called for snap elections, he also said that the leftist Syriza government has set Greece’s economy back two years. “We are ready to win the election and we are ready to… Read More ›
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Brexit Must be Fair for all, says Jaguar Land Rover, After Nissan Ultimatum
If Nissan gets a Brexit compensation deal then other automakers would need a level playing field, Britain’s biggest carmaker Jaguar Land Rover said that it will “realign its thinking” on investment after Britain’s vote to leave the EU. Signs that… Read More ›
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Ferrari’s Sold-Out $2.1 Million Aperta Underpins Growth Push
Underscoring the marque’s allure even as the former unit of Fiat Chrysler Automobiles NV widens its line-up with more affordable models, Ferrari NV sold out a $2.1 million open-top version of its LaFerrari supercar before its public debut. Te Paris show… Read More ›
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South Korean Economy Weigh Down by Hyundai’s Largest ever Labor Strike
While it is no stranger to worker strikes, but alarm bells are rising at Hyundai Motor, the world’s fifth-largest automaker, by the current episode—its biggest ever. Over demands for wage increases, a first nationwide, full-day walkout in 12 years on… Read More ›
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Healthier Drinks Preferred Choice for Americans and Europeans Instead of Beer
Europe and US are providing a hard time to the drinks companies. So much so, that they are struggling to maintain beer sales in these two regions. The reason – consumers look to pour themselves a healthier option and abstain… Read More ›
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Challenging Risk of Death, Musk Seeks Mars Explorers with $200,000,
Despite being heavy on both technology — the how of getting there — and on the dangers that await those first explorers just a decade from now, entrepreneur Elon Musk, who laid out a vision of travel to Mars, has… Read More ›
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Public Sector Bonuses and Ministers’ Pay are Cut by Saudi Arabia
In one of the most drastic measures yet by the energy-rich kingdom to save money at a time of low oil prices, Saudi Arabia will cut ministers’ salaries by 20 percent and scale back financial perks for public sector employees…. Read More ›
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