Author Archives

• Plants in UK to be Closed by Ford to Combat $1 Billion Brexit Blow

  By admin2 on July 29, 2016 • ( 0 )

  

  Ford has forecast a $1 billion hit to its business over the next two years and is considering closing plants in the UK and across Europe in response to Britain’s vote to leave the EU. Before the end of the year,… Read More ›

• Corporate Profits Roiled Around the Globe due to Venezuela Crisis

  By admin2 on July 28, 2016 • ( 0 )

  

  To insulate themselves from a worsening economic crisis in Venezuela that has erased more than $10 billion in profits over the past 18 months, U.S. companies operating in the South American country have escalated the use of an accounting maneuver…. Read More ›

• ‘Gradual Shift Towards Helicopter Money’ seen by Citi Group

  By admin2 on July 28, 2016 • ( 0 )

  

  As countries struggle to boost growth and inflation in uncertain geopolitical climes, Citi group has forecast a “gradual shift towards helicopter money” by advanced economies. It is widely expected that the Bank of Japan would launch another major stimulus program… Read More ›

• Travel to Europe could be Upended by JetBlue’s New Airbus

  By admin2 on July 27, 2016 • ( 0 )

  

  A European expansion that could start by 2019 is the target of JetBlue and the airline is positioning itself to grab some of that market share. 15 Airbus A321neo, the new engine option aircraft, would be converted to the A321LR,… Read More ›

• At Heart of 1MDB Case is Saudi Royal Oil Group

  By admin2 on July 27, 2016 • ( 0 )

  

  The PetroSaudi International has been left grappling with questions by the US authorities over its dealings with the scandal-racked 1MDB, the Malaysian state wealth fund. This Saudi company that was co-founded by a Saudi prince and claims to a “partner… Read More ›

• More Debt than the GDP of Some Nations Planned by Asia’s Oldest Railway

  By admin2 on July 25, 2016 • ( 0 )

  

  To help fund an unprecedented modernization plan, the Indian Railways plans to rack up debt that is more than the GDP of many countries. According to the Indian Railway Minister Suresh Prabhu, some 2.5 trillion rupees ($37 billion) of debt is required… Read More ›

• Brexit M&A Loss could be $340 billion for UK:Study

  By admin2 on July 25, 2016

  

  Law firm Baker & McKenzie said that the global economy will stand to lose up to $1.6 trillion and the U.K. up to $338 billion in lost merger-and-acquisition activity by 2020 by the Brexit vote. “An active M&A market is… Read More ›

• Recession Risk Increases as Brexit Wreaks Havoc on U.K. Economy

  By admin2 on July 23, 2016 • ( 0 )

  

  As business activity shrank at its fastest pace since the last recession seven years ago, the U.K.’s decision to leave the European Union inflicted an immediate blow on the economy. Markit Economics said in a one-time report published on Friday,… Read More ›

• Syngenta CEO says Despite ChemChina Distraction, Company Focused on Growth

  By admin2 on July 23, 2016 • ( 0 )

  

  Amid ongoing discussions with regulators over its $43 billion takeover by ChemChina, Syngenta has not taken its eye off the ball. Following the reporting by the company of its results where it’s sales and profit that missed expectations, the chief… Read More ›

• Brexit Jitters Result in a Fall of 27% in Europe Venture Capital Start-up Funding

  By admin2 on July 22, 2016 • ( 0 )

  

  With deals in the U.K. and Ireland hitting a five-year low amid uncertainty surrounding Brexit, the amount of capital being invested in technology start-ups in the region has plummeted even though European venture capital funds (VC) raised a record amount… Read More ›