Author Archives

• Insurance losses due to wildfires unprecedented: California Insurance Commissioner

  By admin1 on January 29, 2019 • ( 0 )

  

  The total insurance loss for 2018 has touched $12.4 billion.

• Germany to phase out of coal-fired power plants by 2038

  By admin1 on January 28, 2019 • ( 0 )

  

  Germany aiming for renewable and sustainable energy power for its long term energy security policy. On Monday, Peter Altmaier, Germany’s Economy Minister made it clear that Germany does not want to compensate the loss of electrical power for its planned… Read More ›

• Cooperating with SEC’s probe on executive pay: Nissan

  By admin1 on January 28, 2019 • ( 0 )

  

  The Carlos Ghosn saga is now being under the SEC’s loop. As per a source, the SEC is examining whether Nissan has maintained adequate controls to prevent improper payments. On Monday, Nissan Motor Co stated, it is co-operating with an… Read More ›

• Japan’s carmaker Subaru Corp resumes production in Japan

  By admin1 on January 28, 2019 • ( 0 )

  

  Subaru had suspended operations at the plant following a suspected defect in a power steering component. On Monday, Subaru Corp disclosed, it has restarted its only car factory in Japan. The resumption of work at the plant comes in the… Read More ›

• Cost benefit analysis to strengthen Italy’s hand for a high-speed link between France-Italy

  By admin1 on January 28, 2019 • ( 0 )

  

  Given the political dynamics in Italy, the commission’s CBA could prove useful in deciding whether to complete the high-speed rail link between the two EU nations. On Monday, in an interview with Itlian news daily Il Corriere della Sera, Massimo… Read More ›

• Saudi Arabian industrial development conference seals deals worth $63 billion

  By admin1 on January 28, 2019 • ( 0 )

  

  Although details of the signed conference have not been provided, so far, they are expected to be released in the coming days. On Monday, as per a report from Al Arabiya TV, deals worth $63 billion, (235 billion riyals) have… Read More ›

• Hyundai Motor reviewing optimization plans for its Chinese factories

  By admin1 on January 26, 2019 • ( 0 )

  

  For its full year, Hyundai Motors sees a flat sales growth. Hyundai Motor faces overcapacity at its Chinese plants. Following a slump in its car sales in China, Hyundai Motor stated, its Chinese joint venture is accepting voluntary retirements from… Read More ›

• France preparing for no-deal Brexit: French Finance Minister Bruno Le Maire

  By admin1 on January 26, 2019 • ( 0 )

  

  Le Maire made it very clear that if Britain goes the no-deal route, it will not ease the process by offering deals on logitics and aviation. Supply chains could be significantly affected in case of a cliff-hanger Brexit. French Finance… Read More ›

• British lawmakers push for 9 month Brexit extension

  By admin1 on January 24, 2019 • ( 0 )

  

  May’s counter to this development needs to be weighed in, since irrespective of grant of an exception to extend Brexit, there is no change in the decision itself – No Brexit, No deal or deal. An attempt by British lawmakers… Read More ›

• EU finance ministers reject easing out liquidity rules for trading in bullion in Basel III

  By admin1 on January 24, 2019 • ( 0 )

  

  Basel III regulations are slated to come into force in 2022. While he London Bullion Market Association (LBMA) wants the net stable funding ratio (NSFR) to be at the 50% mark, EU finance ministers want it secured at 85%, to… Read More ›