Author Archives

• Bank of England will have to be flexible and fast in responding to Brexit

  By admin1 on July 23, 2019 • ( 0 )

  

  Britain’s central bank will have to double down on its monitoring of the British economy so as to minimize any potential impact from Brexit. On Tuesday, Andy Haldane, Bank of England’s Chief Economist stated, given the economic prospects facing the… Read More ›

• 45% chance of a Hard Brexit: Goldman Sachs

  By admin1 on July 23, 2019 • ( 0 )

  

  With Boris Johnson emerging as Britain;s next Prime Minister, he will have just over 3 months to deliver on Brexit. On Tuesday, Goldman Sachs raised its estimate of Brexit from 35% to 40% saying the “hurdle” to stop a hard… Read More ›

• Chinese automotive group BAIC purchases 5% stake in Germany’s Daimler

  By admin1 on July 23, 2019 • ( 0 )

  

  The development is aimed at reducing the cost of developing affordable electric self-driving cars. On Tuesday, in a development that marks Beijing Automotive Group Co Ltd (BAIC) further cementing its relationship with German carmaker Daimler, the Chinese company has purchased… Read More ›

• Ford to invest $50 million in Chicago plant for assembling hybrid electric SUVs

  By admin1 on July 23, 2019 • ( 0 )

  

  The plant, which currently modifies vehicles for police use, will be upgraded and the existing work will be transferred to a nearby facility. 450 jobs will be created by this move. In a statement Ford Motor Co said, it would… Read More ›

• Blackstone open to selling its stake in Cheniere Energy Inc

  By admin1 on July 23, 2019 • ( 0 )

  

  In the last 7 years Blackstone invested around $1.5 billion into the alliance. As of Friday’s close, its 58% stake in the alliance is worth $8.7 billion. According to sources familiar with the matter at hand, Blackstone Group Inc is… Read More ›

• Equifax agrees to settle 2017 data breach federal and state investigations with $700 million

  By admin1 on July 22, 2019 • ( 0 )

  

  This is one of the largest ever settlement for a data breach. Affected consumers should get in touch with the company. On Monday Equifax Inc, a credit-reporting company, stated it will pay up to $700 million to settle U.S. federal… Read More ›

• Saudi Arabia allows Iranian oil tanker, Happiness 1, to sail back to Iran

  By admin1 on July 22, 2019 • ( 0 )

  

  In the last few weeks, there has been rising tension revolving around Iran and oil tankers in the Persian gulf. In a development that could potentially ease rising tensions in the Gulf, Iran stated it appreciates Saudi Arabia’s efforts in… Read More ›

• China to impose anti-dumping tariffs on SS products from Japan, South Korea, Indonesia, and EU

  By admin1 on July 22, 2019 • ( 0 )

  

  The anti-dumping duties, ranging from 18.1% to 103.1% will be effective from July 23, 2019. On Monday, China stated, it will impose anti-dumping duties on select stainless steel products which it imports from Japan, South Korea, the EU and Indonesia…. Read More ›

• UAE’s Emaar Properties sign $11 billion airport implementation deal with Beijing Daxing International Airport

  By admin1 on July 22, 2019 • ( 0 )

  

  The value of the project includes the value of the 5 sq. km of land at the airport. On Monday, UAE state news agency WAM stated UAE’s Emaar Properties has signed an agreement with Beijing Daxing International Airport “to implement… Read More ›

• China’s mammoth’s to 303% of its GDP

  By admin1 on July 19, 2019 • ( 0 )

  

  China is not only loading up economies partnering in its Belt and Road project with an unsustainable pile of debt, back at home it is also struggling to stay afloat from a surging tsunami of debt which has now breached… Read More ›