Author Archives

• Ken Hitchner, Goldman Sachs’ Asia Pacific CEO, to retire mid-2019

  By admin1 on February 19, 2019 • ( 0 )

  

  Goldman Sachs is yet to disclose who will be replacing Ken Hitchner as the chairman and chief executive officer of Goldman Sachs Group Inc for the Asia-Pacific region excluding Japan. A Bloomberg report citing sources familiar with the knowledge at… Read More ›

• Naval Group flexes its muscles in Brazil

  By admin1 on February 18, 2019 • ( 0 )

  

  French shipbuilder Naval Group has presented its first Scorpene-class submarine to the Brazilian navy, with another 4 expected to be delivered in coming years. The French engineering firm sees itself as a sovereignty provider for Brazil and is keen to… Read More ›

• Qatar to invest $20 billion in sports sector ahead of 2022 world cup

  By admin1 on February 18, 2019 • ( 0 )

  

  Qatar aspires to be a regional hub for sporting events in the run-up to the 2022 soccer World Cup. As per a senior Qatari official, the Gulf state is aiming to attract more sports companies to the Gulf state and… Read More ›

• Saudi Arabia signs warship construction deal with France’s Naval Group

  By admin1 on February 18, 2019 • ( 0 )

  

  The move is part of a larger effort aimed at weaning off the Kingdom from its oil-dependent economy and boost local manufacturing. As part of an effort to boost domestic industry and manufacturing capabilities, Saudi Arabia signed a preliminary agreement… Read More ›

• UAE announces defense deals worth $1.1 billion with international companies

  By admin1 on February 18, 2019 • ( 0 )

  

  Apart from these deals, the UAE has also signed military deals worth 1.1 billion UAE dirham with local companies. In a statement, the United Arab Emirates (UAE) disclosed, it had signed military deals worth $1.1 billion (3.87 billion UAE dirhams)… Read More ›

• Businesses testing their Brexit-preparations ahead of Brexit: KPMG

  By admin1 on February 18, 2019 • ( 0 )

  

  With just 40 days to go before Brexit, businesses are making sure they have sufficient cash reserves and inventories in case of a cliff-hanger Brexit. With just 40 days to go before the scheduled kickoff of the United Kingdom from… Read More ›

• China’s ICBC’s wins bid to set up wealth management subsidiary

  By admin1 on February 18, 2019 • ( 0 )

  

  China’s banking and insurance regulator has approved the bid by Industrial and Commercial Bank of China (ICBC). More banks have also submitted their applications for establishing such subsidiaries. China’s biggest-listed lender by assets, the Industrial and Commercial Bank of China… Read More ›

• China’s HNA cuts stake in Deutsche Bank

  By admin1 on February 16, 2019 • ( 0 )

  

  While earning HNA had voting rights of 7.64%, its now cut it to 6.3%. The development comes as the EU is becoming more conscious of the Chinese threat. According to information available in a filing with the U.S. Securities and… Read More ›

• Global automakers brace for potential tariffs on autos and car parts

  By admin1 on February 16, 2019 • ( 0 )

  

  The U.S. Commerce Department is slated to send a confidential report to U.S. President Donald Trump clearing the way for him to potentially impose tariffs on imported autos and auto parts on the grounds that they threaten U.S. national security…. Read More ›

• Risk of recession rises for the U.S. economy

  By admin1 on February 16, 2019 • ( 0 )

  

  Europe is also staring at a similar scenario. According to financial data, with the outlook of Wall Street’s earnings facing a significant deterioration in recent months, the risk of the United States slipping into a recession has become a major… Read More ›