Author Archives
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Samsung Electronics to cancel shares worth $4.4 billion
The move is part of a broader push aimed at enhancing shareholder’s value and can be attributed to Elliot Management’s pressure on the South Korean tech giant. On Friday, Samsung Electronics Co Ltd disclosed it will be cancelling its shares… Read More ›
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Hyundai Motor Co to spend $228.3 million for repurchase of shares
The Elliot Management-backed move, will boost shareholder’s return. The buyback will include common and preferred stocks. On Friday, Hyundai Motor Co stated, it would spend $228.3 million (255 billion won) to buyback its common and preferred stocks so as to… Read More ›
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Fiat Chrysler to sink in more than $5.7 billion on developing new models in Italy
A significant chunk of this investment will be channelized towards developing electric and hybrid cars. Fiat Chrysler has pledged to spend at least $5.7 billion (5 billion euros) on developing new models, including engines, in Italy between 2019 to 2021;… Read More ›
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VW will increase heat on Tesla with its EV factory in North America
With the entry of Europe’s largest carmaker in the United States, the electric vehicle segment in the country is set to heat up. In a strategic development, Scott Keogh, the newly appointed CEO of Volkswagen Group of America stated, Volkswagen… Read More ›
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Trump Administration examining options on raising import tariffs on Chinese automobiles
The development comes just days before U.S. President Donald Trump is set to meet his Chinese counterpart in Buenos Aires. The outcome of the meet could either ease or worsen the growing trade war. Robert Lighthizer, the U.S. Trade Representative,… Read More ›
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Saudi Arabia seals $15 billion THAAD deal with U.S. Government
The Trump Administration played the Iran card saying the deal would protect against “.. growing ballistic missile threat from the Iranian regime and Iran-backed extremist groups.” According to a spokesman from the U.S. Department of State, Saudi Arabia will purchase… Read More ›
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BMW mulling building a second manufacturing plant in the U.S.
U.S. President Donald Trump has threatened to impose tariffs on cars imported to the U.S. In a strategic development, BMW stated, it is considering to build a second U.S. manufacturing plant which could produce transmissions and engines, said Harald Krueger,… Read More ›
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Oshkosh Corp wins $1.7 defense contract
The contract is a modification of an existing U.S. defense contract to exercise options for 6,107 vehicles and 22,166 kits. The Pentagon has stated, Oshkosh Corp has been awarded a $1.7 billion defense contract which is a modification to a… Read More ›
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Deutsche Bank AG mulling high-level shakeup
Sylvie Matherat, Deutsche’s chief regulatory officer and a potential departee, has expressed concerns regarding constraints on improving financial-crime controls and mending the bank’s relationships with regulators. As per a report from the Wall Street Journal, Deutsche Bank AG is mulling… Read More ›
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Airbus could potentially unveil the A321XLR in 2019
With Airbus already having an edge in the single-aisle long range market, the potential launch of an even longer range jet is likely to result in significantly upping the pressure on its competitor Boeing Co. Guillaume Faury, the incoming chief… Read More ›
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