Author Archives

• GE to complete the spinoff of its transportation with Wabtec Corp on February 25

  By admin1 on February 5, 2019 • ( 0 )

  

  GE to distribute 8.7 billion shares to its to shareholders on February 14. General Electric Co expects to close the merger of its transportation business with Wabtec Corp on Feb. 25. It will then set date for the distribution of… Read More ›

• China-owned Austrian airplane parts maker FACC ramps up production ahead of Brexit

  By admin1 on February 1, 2019 • ( 0 )

  

  Given the intertwined nature of the airplane industry, FACC sees no danger to its business due to the U.S.-China trade war. Brexit though is another story, since it could rip apart existing supply chains. China-owned Austrian aeroplane parts maker FACC… Read More ›

• EU to impose import restrictions on steel

  By admin1 on February 1, 2019 • ( 0 )

  

  The development comes in the wake of U.S. President Donald Trump’s imposition of metals tariffs on the bloc. On Friday, according to a filing in the European Union’s official journal, the EU is set to impose import limits on steel… Read More ›

• The EU to launch Special Purpose Vehicle (SPV) for trade with Iran

  By admin1 on January 31, 2019 • ( 0 )

  

  The SPV underscores the EU’s intent to stick to the 2015 Iran nuclear deal. At the onset, this alternative clearing house will focus on food, aid and humanitarian needs rather than on trade. On Thursday, in a significant development, two… Read More ›

• Russia’s Gazprom raised $1.06 billion loans from Citibank and Mitsubishi UFJ

  By admin1 on January 31, 2019 • ( 0 )

  

  The 4 -year loans were raised in Dec, 2018 and Jan 2019. On Thursday, Interfax news agency stated citing company data, Russia’s state gas producer Gazprom has raised $1.06 billion (925 million euros) vide two loans from Mitsubishi UFJ Financial… Read More ›

• South Korea’s LG Electronics records 80% drop in operating profits

  By admin1 on January 31, 2019 • ( 0 )

  

  The drop in its operating profits as well as the decline in its quarterly revenues are in line with its previous estimate. On Thursday, South Korea’s LG Electronics Inc reported a 80% drop in its operating profits, from a year… Read More ›

• U.S.-China faces chasm over structural economic reforms

  By admin1 on January 30, 2019 • ( 0 )

  

  China has done little to address core U.S. concerns on respecting and adhering to international standards on intellectual property rights and forced transfer of U.S. technology to Chinese firms. Unless there is a verifiable way to ensure Beijing sticks to… Read More ›

• Theresa May reneging on UK government commitments on Irish backstop

  By admin1 on January 30, 2019 • ( 0 )

  

  Making commitments and reneging on them appears to be part of the unscripted, Shakespearean Brexit drama that is threatening to ravage the British economy. A second referendum seems increasingly more inviting given the prospects of increased clarity that will stem… Read More ›

• EU-Canada free trade deal aligned with EU law: Advocate General Yves Bot

  By admin1 on January 29, 2019 • ( 0 )

  

  The European Court of Justice is to decide whether the provisions of the EU-Canada FTA on investment protection are tenable in within the ambit of EU law. On Tuesday, Advocate General Yves Bot recommended to the European Court of Justice… Read More ›

• Saudi Arabia’s PIF hedged its 4.9% stake in Tesla Inc: FT

  By admin1 on January 29, 2019 • ( 0 )

  

  Saudi Arabia’s PIF used an equity collar to reduce its exposure to price movements of Tesla’s shares. As per a report by the Financial Times, Saudi Arabia’s Public Investment Fund (PIF) has reduced its exposure to Tesla Inc. Saudi Arabia’s… Read More ›