Author Archives

• Nintendo to shift part of Switch gaming console to Vietnam from China

  By admin1 on July 9, 2019 • ( 0 )

  

  The move is part of Nintendo’s strategy to diversify risk. On Tuesday, a spokeswoman for Japan’s Nintendo Co Ltd stated, the company plans on relocating a part of the production of its Switch gaming consoles to Vietnam from China. Currently,… Read More ›

• Virgin Galactic to launch IPO: source

  By admin1 on July 9, 2019 • ( 0 )

  

  This is a milestone for Richard Branson’s space tourism venture. According to a source familiar with the matter at hand, Virgin Galactic, Richard Branson’s space-tourism venture, plans to go public as part of a deal with a special-purpose acquisition company… Read More ›

• U.S. State Department approves weapon systems sales worth $2.2 billion to Taiwan

  By admin1 on July 9, 2019 • ( 0 )

  

  The potential sale comes midst China flexing its muscles in the region, especially in the South China sea. In a significant development, despite facing stinging criticism from China, the U.S. State Department has approved the potential sale of M1A2T Abrams… Read More ›

• Disruption caused by IMO 2020 is an opportunity: investment funds

  By admin1 on July 8, 2019 • ( 0 )

  

  From 2020, shipping companies will have to comply to International Maritime Organization IMO 2020 rules which states that sulfur content in marine fuel must be 0.5%, down from 3.5%.The biggest polluters are dry bulk ships, which make up more than… Read More ›

• WeWork aims to raise $3-$4 billion in debt offering ahead of IPO

  By admin1 on July 8, 2019 • ( 0 )

  

  The move is strategic in the sense, WeWork aims to boost its funding levels before it asks for funds from investors through its IPO. According to a source familiar with the matter at hand, in a move aimed at fueling… Read More ›

• Data will decide on next ECB policy: Francois Villeroy de Galhau

  By admin1 on July 8, 2019 • ( 0 )

  

  ECB policymaker Francois Villeroy de Galhau highlighted the ECB’s resolve to not be swayed by market wings. Economic data will be the determining factor for its next policy move. In an interview on Monday, ECB policymaker Francois Villeroy de Galhau… Read More ›

• Saudi Arabia’s budget airline Flydeal opts for Airbus 320 over Boeing 737 MAX

  By admin1 on July 8, 2019 • ( 0 )

  

  Boeing appears to be steadily losing market share over the 737 MAX fiasco. In a significant development, Saudi Arabia’s budget airline, Flyadeal stated, it has opted for a fleet of Airbus A320 jets rather than buy more Boeing 737 MAX… Read More ›

• Ola to launch ride hailing services in UK by September

  By admin1 on July 5, 2019 • ( 0 )

  

  Ola will face competition from Uber and Daimler-backed Bolt in the London. In a significant development, London’s transport regulator has permitted Indian ride-hailing company Ola to launch its service in the city. Bengaluru-based, SoftBank-backed Ola stated it has got a… Read More ›

• IG Metall accepts Bain and Carlyle’s takeover of Osram

  By admin1 on July 5, 2019 • ( 0 )

  

  IG Metall’s acceptance is contingent to Osram’s management sticking to its agreements on protecting jobs. On Friday, in a development that will pave the way for private equity firms Bain and Carlyle’s takeover of German lighting group Osram, Germany’s largest… Read More ›

• U.S. trade action having desired effect on China

  By admin1 on July 5, 2019 • ( 0 )

  

  China will never publicly acknowledge the impact of U.S. trade action on its economy. But its desperation to hammer out a trade deal with the U.S. is telling. In a development that essentially underscores the pain U.S. trade action is… Read More ›