Author Archives

• Trade tensions keeping FX market in a boil

  By admin1 on June 25, 2018 • ( 0 )

  

  Investor appetite in commodity-linked currencies is thin midst the series of body blows from the U.S. that is acting as shock waves to global trade. On Monday, a rally in the Euro gave way to the dollar, which edged up,… Read More ›

• SEC completes investigation into Toshiba’s past accounting practices, no fines levied

  By admin1 on June 25, 2018 • ( 0 )

  

  This brings a closure to Toshiba’s 2015 accounting scandal. On Monday, is what is likely to be a huge sign of relief for Japan’s Toshiba Corp, the conglomerate disclosed that the U.S Securities and Exchange Commission (SEC) had completed its… Read More ›

• EU Response to U.S. trade tariffs will bring increased clarity

  By admin1 on June 22, 2018 • ( 0 )

  

  The EU is likely to go in for a negotiated settlement in its trade tariffs spat with the U.S. On Friday, a spokeswoman for Germany’s economy minister stated, a negotiated solution will be sought to the EU-US trade tariffs and… Read More ›

• Banks are to report suspicious transfers by JVs with North Korea: Japan’s Financial Services Agency

  By admin1 on June 22, 2018 • ( 0 )

  The move is aimed at ensuring Japanese lenders comply to norms prescribed by the Financial Action Task Force which will review Japanese lending practices in 2019. A critical report will place Japanese lenders out of the global banking network. On… Read More ›

• A no-Brexit deal will force Airbus to reconsider its presence in the U.K

  By admin1 on June 22, 2018 • ( 0 )

  

  Airbus sources wings for all of its commercial aircrafts from the UK. In the short term, a no-Brexit deal will impact its lead times and waiting lists for deliveries. In what is likely to be one of Airbus’ strongest warning… Read More ›

• Casino teams up with L’Oreal as the duo ramp up their market presence to fight Amazon.com

  By admin1 on June 22, 2018 • ( 0 )

  

  Amazon.com’s acquisition of Whole Food Market Inc in 2017 have spurred spurred European retailers to boost their online offering so as to be in a better position to fight the world’s world’s largest online retailer. In a development that marks… Read More ›

• Malaysia to sink in $697.9 million towards completing its TRX City project

  By admin1 on June 21, 2018 • ( 0 )

  

  The move is aimed at easing concerns of local and foreign investors regarding the completion of the TRX City – an integrated financial district. On Thursday, in a strategic move aimed at allaying concerns of foreign and domestic investors vis-a-vis… Read More ›

• Daimler sees its 2018-2019 profit dip due to U.S.-China trade tensions

  By admin1 on June 21, 2018 • ( 0 )

  

  Daimler has warned, any further escalation in the trade row “would be harmful for all stakeholders”. German luxury carmaker Daimler cut its 2018 profit forecast citing growing signs of import tariff wars between the United Statea and China as well… Read More ›

• China’s Volvo Cars plant in South Carolina caught in tariff wars

  By admin1 on June 21, 2018 • ( 0 )

  

  The strategic Chinese move is aimed at hurting Trump’s Republican base since South Carolina is a Republican controlled state. The move also carefully targets U.S. jobs as well as hangs the carrot of potential auto exports from the U.S. to… Read More ›

• French drugmaker Sanofi enters $100 billion cancer drug treatment market

  By admin1 on June 20, 2018 • ( 0 )

  

  Sanofi’s strength in molecular oncology is likely to provide it a competitive edge over its peers as to what drives the growth of cancer tissues, how these cells functions and proliferation in the body. In a strategic development, French drugmaker,… Read More ›