Author Archives

• Mark Gifford appointed as chairman at British department store group Debenhams

  By admin1 on October 25, 2019 • ( 0 )

  

  Celine Jersey Topco is the parent of British department store group Debenhams. According to a statement from British department store group Debenhams, Mark Gifford, a former chief financial officer (CFO) at House of Fraser, has been appointed as the chairman… Read More ›

• Tesla begins selling China-made Model 3 with autopilot in China

  By admin1 on October 25, 2019 • ( 0 )

  

  Tesla’s quarterly profit has come as a pleasant surprise to investors. According to Tesla Inc’s website, the U.S. carmaker has started selling its Chinese-made Model 3 electric vehicle with an autopilot function, which has a starting price of $50,310 (355,800… Read More ›

• South Korea grounds 9 Boeing 737 NG planes after finding structural cracks

  By admin1 on October 25, 2019 • ( 0 )

  

  The U.S. FAA has ordered all aircraft operators globally using Boeing planes to inspect for structural cracks. On Friday, in a statement South Korea’s transport ministry stated, it has grounded nine Boeing Co 737 NG planes after checks found structural… Read More ›

• Three major U.S. retailers pull J&J’s baby talc powder from shelves

  By admin1 on October 25, 2019 • ( 0 )

  

  If the development has cascading effect and more retailers pull J&J’s baby talc powder from shelves, it could significantly impact its earnings. Already J&J is facing lawsuits over allegations of asbestos in its talc. Following U.S. healthcare conglomerate Johnson &… Read More ›

• France proposes Thierry Breton for European Commissioner

  By admin1 on October 24, 2019 • ( 0 )

  

  Macron is keen to preserve the portfolio he had negotiated with incoming European Commission President Ursula Von der Leyen and has sought assurances that the new candidate would be approved. On Thursday, two weeks after President Emmanuel Macron’s first choice… Read More ›

• Norwegian Air to jointly own Airbus fleet with China Construction Bank Corp

  By admin1 on October 24, 2019 • ( 0 )

  

  The deal will significantly reduce Norwegian Air’s capex requirements. On Thursday, Oslo-listed Norwegian Air stated, it has struck a deal with China’s CCB Leasing to take joint ownership of a large fleet of aircraft that it has ordered from Airbus…. Read More ›

• The UK will leave the EU with Johnson’s deal: Downing Street source

  By admin1 on October 24, 2019 • ( 0 )

  

  The assertion from Downing Street comes at a time when there is increasing speculation of an election before Christmas. As per a senior source from Downing Street, the UK will ultimately leave the European Union on terms set out by… Read More ›

• U.S.-EU trade negotiations on the horizon

  By admin1 on October 23, 2019 • ( 0 )

  

  In an interview to the Financial Times, U.S. Commerce Secretary Wilbur Ross hinted at the possibility of negotiations with the European Union as an alternative approach to imposing tariffs on automotive and automotive parts. On Wednesday, in an interview to… Read More ›

• New York Federal Reserve accepts $35 billion out of $58.15 billion in overnight repo bids

  By admin1 on October 23, 2019 • ( 0 )

  

  The development led to a slight increase in repo rates. In a move intended to help maintain federal funds within their target range, the New York Federal Reserve has accepted $35 billion of the $52.2 billion in bids from primary… Read More ›

• Attorneys general to meet up in Colorado next month for antitrust probe against Google Inc

  By admin1 on October 23, 2019 • ( 0 )

  

  The investigation into Google Inc’s online advertising business involves all U.S. state attorneys general except California and Alabama. According to three sources with knowledge of the matter at hand, U.S. state attorneys general probing Alphabet’s Google Inc plan on meeting… Read More ›