Author Archives

• Blackstone to sink in $150 million in Aaron Wertentheil’s hedge fund

  By admin1 on February 13, 2019 • ( 0 )

  

  The move underscores the strong confidence Blackstone has on Aaron Wertentheil. Competition for Blackstone’s seed funding is always fierce although critics say, the performance record of the seeder can be uneven no matter how thorough the due diligence. According to… Read More ›

• Mitsubishi Hitachi Power Systems gains top spot for large high-efficiency gas turbines

  By admin1 on February 13, 2019 • ( 0 )

  

  Mitsubishi’s latest generation of gas turbines churn out the maximum amount of electricity per unit of fuel burned. As per sources familiar with the matter at hand, in 2018 General Electric Co managed to book the most orders for electricity-generating… Read More ›

• Mike Pompeo warns U.S. allies on using Huawei’s telecom equipment

  By admin1 on February 12, 2019 • ( 0 )

  

  Mike Pompeo’s message was lucid: if Huawei is allowed to build its network in an allied country it would make it difficult for Washington to “partner alongside them”. In a significant development, U.S. Secretary of State Mike Pompeo issued a… Read More ›

• Swiss telecom watchdog faults Swisscom for overcharging

  By admin1 on February 12, 2019 • ( 0 )

  

  The telecom regulator has reduced prices with retroactive effect for the 2013–2016 period. Swisscom is weighing its decision on filing an appeal with the federal administrative court. In a development that will bring cheers to consumers in Switzerland, the country’s… Read More ›

• Renault’s chairman to meet Nissan’s CEO in Japan later this week

  By admin1 on February 12, 2019 • ( 0 )

  

  The planned meeting is aimed at renewing and strengthening the bonds of the alliance. On Tuesday, Japanese automaker Nissan stated, Renault’s chairman is slated to meet its CEO later this week in Japan. The development comes as both automakers are… Read More ›

• No more permits required for opening bank accounts from 2020: PBOC

  By admin1 on February 12, 2019 • ( 0 )

  

  The development, aimed at cutting red tapism, is aimed at streamlining and boosting the local economy. On Tuesday, China’s central bank, The People’s Bank of China, stated it will do away with issuing permits for opening bank accounts by companies… Read More ›

• Consumption growth in 2019 likely to slowdown: official from China’s Commerce Ministry

  By admin1 on February 12, 2019 • ( 0 )

  

  With economies around the world, including the United States and the EU, taking measures to mitigate China’s trade policies, China’s economy witnessed a historic slowdown in 2018. As part of that slowdown, the Chinese car market touched its 30-year low…. Read More ›

• Mark Tucker appointed as chairman of TheCityUk

  By admin1 on February 11, 2019 • ( 0 )

  

  The development assumes significance since the lobby group has been one of the main channels through the UK’s financial services firms lobbied the British government for a favorable outcome vis-a-vis Brexit. On Monday, TheCityUk, a British financial industry lobby group,… Read More ›

• UK to maintain financial ties with Switzerland post Brexit

  By admin1 on February 11, 2019 • ( 0 )

  

  This step is among the few concrete steps the UK government has taken towards mitigating issues revolving around Brexit. On Monday, Switzerland and Britain are scheduled to sign an agreement which will the continuance of their trade on preferential terms… Read More ›

• Australia signs $35.5 billion contract with France’s Naval Group for a fleet of 12 submarines

  By admin1 on February 11, 2019 • ( 0 )

  

  The development assumes significance since the deal is part of Australia’s plan to secure its trade interests in the strategic Asia-Pacific region. On Monday, Australia signed a production contract with French shipbuilder Naval Group for a fleet of twelve new… Read More ›