Author Archives

• Samsung Electronics temporarily shuts down factory in Gumy following confirmed case of coronavirus

  By admin1 on March 1, 2020 • ( 0 )

  

  In a news bulletin, South Korea’s Yonhap news agency reported, citing an official from Samsung Electronics, that the electronic giant has shut down one of its mobile device factories in the country following one of its worker testing positive for… Read More ›

• Equivalence for financial services not part of Brexit negotiations: EU

  By admin1 on February 27, 2020 • ( 0 )

  

  In a statement, the European Commission stated, Brexit negotiations with Britain will not include British financial firms gaining access to the EU market. The clarification comes in the wake of Britain stating it wants a “legally binding” framework to access… Read More ›

• EU mulling measures to support sectors adversely hit by coronavirus: EU Commissioner

  By admin1 on February 27, 2020 • ( 0 )

  

  On Thursday, the European Union commissioner stated, the bloc was weighing options which includes measures to support those sectors which have been adversely hit by China’s coronavirus; it would however need more time to assess its precise economic impact. “It… Read More ›

• Bank of America slashes global economic growth to lowest since 2009 financial crisis

  By admin1 on February 27, 2020 • ( 0 )

  

  On Thursday, Bank of America cut its world growth forecast to the lowest level since the peak of the global financial crisis in 2009. “We have cut our 2020 global growth forecast to 2.8% (from 3.2%). This would be the… Read More ›

• Pandemic fears spreads, markets shed $3 trillion

  By admin1 on February 27, 2020 • ( 0 )

  

  On Thursday, with China’s coronavirus continuing to spread at its fastest pace outside China, shares continued to plunge downward wiping out more than $3 trillion in value in this week alone. U.S. Treasuries yields also hit their record lows on… Read More ›

• JPMorgan Chase & Co names Filippo Gori as its new Asia Pacific CEO

  By admin1 on February 27, 2020 • ( 0 )

  

  On Thursday, JPMorgan Chase & Co named veteran Filippo Gori as its new Asia Pacific CEO; he will oversee strategy and operations across seventeen markets in the region. Gori, who has stuck with the bank for the last twenty years,… Read More ›

• Blackstone to acquire British student housing group iQ for $6 billion

  By admin1 on February 26, 2020 • ( 0 )

  

  In a statement, Goldman Sachs’ merchant banking unit and Wellcome Trust, a medical charity, stated they have agreed to sell iQ, a British student accommodation company to Blackstone for $6.06 billion (4.66 billion pounds). Outside of North America, Britain is… Read More ›

• Trump-Modi agree to promptly conclude U.S.-India trade deal: White House

  By admin1 on February 26, 2020 • ( 0 )

  

  In a statement, the White House said, U.S. President Donald Trump and his counterpart Indian Prime Minister Narendra Modi have agreed to “promptly” conclude ongoing trade talks which they hope can lead to the first phase of a bilateral U.S.-India… Read More ›

• Keith Block steps down as co-CEO of Salesforce.com

  By admin1 on February 26, 2020 • ( 0 )

  

  Keith Block, the CEO of Salesforce.com Inc has stepped down from his office on Tuesday making Marc Benioff the sole CEO of the business software company. With the news reaching the market, shares of Salesforce fell by around 3% in… Read More ›

• Bob Chapek takes the helm at Walt Disney

  By admin1 on February 26, 2020 • ( 0 )

  

  In a statement Walt Disney Co stated, its chief exectuive Robert Iger will be stepping down and Bob Chapek, Disney’s Parks head will take over the reins of the company. Disney went on to dd, Iger will continue to keep… Read More ›