Author Archives
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Accounting Scandal Results in Tesco Facing £100m Claim from Investors
A group of investors say that the supermarket Tesco made misleading statements to the stock market and as a result the company is facing a claim of more than £100m in damages. Involved in the claim filed by law firm… Read More ›
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After Biggest Banks Write Off Billions, China’s Bad Debt Problem Comes in Emerges
Diminishing hopes that the industry could start to put the worst of China debt problem behind it next year while the non-performing loan (NPL) ratio is still climbing, China’s big five banks are losing money from writing off bad debt… Read More ›
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Price Hikes are Being Mulled by China’s Factory to the World
After years of undercutting rivals with cheaper costs, China’s factories may be on the cusp of delivering a new shock to the global economy. Increases in prices could reverberate around the world this time. Now caught in a squeeze between… Read More ›
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In Bad Sign for BOJ Target, Japan Industrial Output Stalls, Retail Sales Miss
In a worrying sign that the economy may be losing some momentum due to weak consumer spending and exports, Japan’s industrial output stalled in September. Providing further evidence that private consumption remains a drag on growth, separate data showed retail… Read More ›
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Craft Beer Market Slowing Down, says World’s Largest Brewer
After being the lone bright spot in an otherwise sluggish industry for years, the craft beer market is starting to get stale. The proliferation of new brands all competing for attention hearkens back to the dime-a-dozen startups from the web’s… Read More ›
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OPEC Splits Prevent Deal With Other Producers to Curb Supply
A deal to secure the cooperation of other major suppliers was prevented by OPEC’s internal disagreements over how to implement oil-supply cuts agreed last month. Little more than a promise that the world’s largest oil producers would keep on talking… Read More ›
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Customers feel Brexit Bite as Apple Pushes Up Prices in UK by 20 Percent
As technology giant Apple tries to battle a weaker pound, the company has quietly pushed up the price of existing products in the United Kingdom. Apple has been cost more on any products sold in Britain due to the fact… Read More ›
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Why Donald Trump Is Popular With A Lot Of People In India
There are groups of Indians — both in the United States and in India — who support Donald Trump, even though the Republican presidential candidate may not be too kind toward foreigners or immigrants when he’s on the campaign trail…. Read More ›
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After May Pledges Brexit Support, Nissan Opts to Build New Model in UK
U.K. Prime Minister Theresa May was given her most important corporate endorsement since the Brexit referendum in June after Japanese car-maker Nissan announced that it will build its new Qashqai model in Britain despite the vote to quit the EU. A source,… Read More ›
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Good News for Arms Dealers – Indian Army 185,000 Deadly Assault Rifles
Providing a potential boost to global arms suppliers, India’s armed forces have embarked on a shopping spree for modern assault rifles, body armor and helmets. Scouting for a new model on the global market for 185,000 assault rifles, the 1.3 million-strong… Read More ›
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