Author Archives

• Aramco to sign 15 deals worth $30 billion+ at investment conference

  By admin1 on October 23, 2018 • ( 0 )

  

  Despite major companies dropping out from the investment meet, Saudi Arabia is intent on making the investment meet a success. On Tuesday, according to a source familiar with the matter at hand, Saudi oil giant Aramco is likely to sign… Read More ›

• Mitsubishi Heavy Industries to sink in $2 billion into its aircraft-making unit: NHK

  By admin1 on October 23, 2018 • ( 0 )

  

  Mitsubishi’s aircraft project is of strategic value to Japan since it marks is first attempt to make passenger jets since the 1960s. On Tuesday, Japanese news agency NHK reported, Mitsubishi Heavy Industries is likely to inject $2 billion (220 billion… Read More ›

• Tesla’s shares rise following launch of new Model 3 for $45,000

  By admin1 on October 20, 2018 • ( 0 )

  

  With U.S. tax breaks on Tesla cars set to diminish, it would be smart for potential buyers to snag one at cost-effective prices. Following the launch of a new Tesla Model 3 version for $45,000, shares of the U.S. electric… Read More ›

• SAIC Volkswagen to commence building a $2.5 billion Audi plant in Shanghai

  By admin1 on October 20, 2018 • ( 0 )

  

  The move is aimed at tapping the growing Chinese demand for New Energy Vehicle (NEV). In what is possibly the first venture for Volkswagen AG’s partnership with SAIC Motor Corp Ltd, a Chinese company, the joint venture is on track… Read More ›

• Kuwait Airways to purchase 8 A330-800neo jets

  By admin1 on October 20, 2018 • ( 0 )

  

  Airbus is scheduled to make the deliveries between March 2019 through December 2026. On Monday, Kuwait Airways stated it has signed an agreement with Airbus to purchase eight A330-800neo airliners. The deal comes in the wake of five months of… Read More ›

• Honeywell International Inc’s 2nd quarter profits beat analysts’ estimate

  By admin1 on October 20, 2018 • ( 0 )

  

  On the wings of strong sales from its businesses which makes a host of products ranging from supply chain and warehouse automation equipment to aircraft engines and catalysts for petroleum refining, Honeywell International Inc reported a better-than-expected second quarter profits… Read More ›

• Commonwealth Bank of Australia appoints Alan Docherty as its CFO

  By admin1 on October 20, 2018 • ( 0 )

  

  On Monday, the Commonwealth Bank of Australia named Alan Docherty as its chief financial officer following an unexpected exit of the previous CFO in May 2018. The development comes in the wake of the lender facing one of its worst… Read More ›

• China slaps anti-dumping tariffs on hydroiodic acid from Japan and the United States

  By admin1 on October 15, 2018 • ( 0 )

  

  The tariffs will kick in on October 16, 2018. On Monday, China’s Ministry of Commerce stated, Beijing will slap anti-dumping tariffs on the imports of hydroiodic acid from Japan and the United States. The tariffs, will go into effect from… Read More ›

• Eddie Lampert, Sears Holdings Corp’s CEO steps in for bankruptcy financing

  By admin1 on October 15, 2018 • ( 0 )

  

  Eddie Lampert, Sears Holdings Corp’s largest shareholder and lender, is hoping to use the proceedings to help Sears tide over liquidation ahead of the crucial holiday shopping season. According to sources familiar with the matter at hand, Eddie Lampert, Sears… Read More ›

• No-deal Brexit most likely outcome: Ashley Fox

  By admin1 on October 15, 2018 • ( 0 )

  

  Ashley Fox on Brexit and why the ‘No-Deal’ scenario is the most likely outcome. As per a report by The Observer which cites a leaked e-mail, the head of the Northern Irish party whose support is instrumental to British Prime… Read More ›