Author Archives

• Chinese yuan touches new low as trade tensions continues

  By admin1 on June 29, 2018 • ( 0 )

  

  According to Gao Qi, a FX strategist at Scotiabank, the yuan is likely to find strong support at 6.70 yuan per dollar. On Friday, the Chinese yuan touched a new low and was on course to perform its worst ever… Read More ›

• Swiss pharmaceutical giant Novartis to divest its Alcon eye care devices business

  By admin1 on June 29, 2018 • ( 0 )

  

  The move is aimed at sharpening it focus on its prescription drugs business. On Friday, Novartis disclosed its plans of divesting all of its assets from its Alcon eye care devices business as it sharpens its focus on prescription drugs…. Read More ›

• Fox-Disney deal set to be approved by U.S. antitrust regulators: source

  By admin1 on June 28, 2018 • ( 0 )

  

  The deal will still need to be approved by regulators from other countries. As per a source familiar with the matter at hand, the U.S. Justice Department is set to provide antitrust approval for Walt Disney Co’s bid to acquire… Read More ›

• Fujifilm Holdings Corp threatens to compete with Xerox Corp unless tech agreement is renewed

  By admin1 on June 27, 2018 • ( 0 )

  

  Xerox has already started sourcing products from new vendors and has made it lucidly clear that it may not renew an agreement with Fujifilm. On Wednesday, Fujifilm Holdings Corp threatened Xerox Corp stating it will compete with it in the… Read More ›

• Scotland’s Sturgeon priming itself for elections in autumn 2018

  By admin1 on June 27, 2018 • ( 0 )

  

  The UK has seen 4 elections in an equal number of years. In a significant development that could potentially have a bearing on Brexit negotiations, Nicola Sturgeon, Scotland’s First Minister has moved one of her key allies into a campaigning… Read More ›

• BMW will continue producing cars despite Brexit concerns

  By admin1 on June 26, 2018 • ( 0 )

  

  Earlier comments published by the Financial Times suggested that BMW would move out of Britain due to Brexit-related supply chain disruptions.This report clarifies on that. On Tuesday, BMW’s special representative in Britain stated the automaker is not considering moving its… Read More ›

• Australian Strategic Policy Institute finds Huawei Technologies sponsoring overseas trips of Australian politicians

  By admin1 on June 26, 2018 • ( 0 )

  

  China’s Huawei Technologies Co Ltd, the world’s biggest maker of telecommunications network equipment, is increasingly finding it difficult to break into the U.S. and Australia telecommunication market on security concerns. A report by Australian think-tank Australian Strategic Policy Institute (ASPI)… Read More ›

• Australia strengthens defense ties with U.S. with purchase of 6 Triton drones worth around $6 billion

  By admin1 on June 26, 2018 • ( 0 )

  

  The remotely piloted aircraft, made by U.S.-based Northrop Grumman Corp, will beef up the country’s long range operations, marine patrols and intelligence gathering. On Tuesday, Australian Prime Minister Malcolm Turnbull stated, Australia will purchase 6 U.S. Triton remotely piloted aircraft… Read More ›

• Demand for LNG to outpace crude oil in the next 2 decades

  By admin1 on June 26, 2018 • ( 0 )

  

  France’s Total SA, a big player in the global LNG market, is positioning itself strategically across the length of the LNG supply chain – from production, liquefaction to shipping and sales, to reap the growing bounty. The global natural gas… Read More ›

• Law and Justice (PiS) party’s musical chair of CEOs places Poland’s stock market at greater risks

  By admin1 on June 25, 2018 • ( 0 )

  

  By far the largest beneficiary of EU’s funds, PiS’ management of state run corporates have investors running for cover. With Poland’s ruling party making a flurry of changes in the leadership of state-controlled enterprises, the country’s stock exchange, that beat… Read More ›