Author Archives

• Toshiba to buyback shares worth at least $6.3 billion

  By admin1 on June 13, 2018 • ( 0 )

  

  The move is aimed at keeping its earlier promise to shareholders that it would reward them. On Wednesday, Toshiba Corp stated, it would buyback its shares worth at least $6.3 billion (700 billion yen). Toshiba’s move comes in the wake… Read More ›

• Credit Suisse strengthens its Southeast Asia businesses with key changes in HR

  By admin1 on June 12, 2018 • ( 0 )

  

  The move underscores Southeast Asia’s growing importance for churning out more profits for the bank. On Tuesday, in a move aimed at strengthening Credit Suisse’s franchise in Southeast Asia, Credit Suisse Group AG appointed Felicity Chan and Yvonne Voon in… Read More ›

• Domino’s Pizza Group’s CFO leaves company for greener pastures

  By admin1 on June 12, 2018 • ( 0 )

  

  No reason was given for Rachel Osborne’s departure from Domino’s Pizza Group. The U.S. group was however quick to take control of the flow of conversation by stating that the company was on track to meet its guidance outlook for… Read More ›

• Britain’s Financial Conduct Authority closes investigation into life insurer Scottish Widows

  By admin1 on June 12, 2018 • ( 0 )

  

  The investigation into the Scottish Widows was brought to an end due to “insufficient basis for taking any enforcement action”. On Tuesday, Britain’s Financial Conduct Authority (FCA), its financial markets regulator, disclosed it has closed its investigation into Scottish Widows… Read More ›

• Solidarity measures key metrics in Telecom Italia’s cost restructuring strategy

  By admin1 on June 12, 2018 • ( 0 )

  

  Why cut jobs when solidarity measures can garner equivalent results? On Tuesday, as per a source familiar with the matter at hand, as part of the ‘solidarity’ measures Telecom Italia has signed with trade unions, it will achieve savings that… Read More ›

• The EU will act against U.S. tariffs on aluminum and steel: Angela Merkel

  By admin1 on June 11, 2018 • ( 0 )

  

  In an unusual combative move, here is what German Chancellor Angela Merkel said after the G7 summit in Canada. German Chancellor Angela Merkel voiced regret vis-a-vis U.S. President Donald Trump’s abrupt decision to withdraw support for a G7 communique. On… Read More ›

• Italy’s BTP future surges ahead following Economy Minister’s vow to stay in the EU

  By admin1 on June 11, 2018 • ( 0 )

  

  The reassurances that Italy will stick to EU’s fiscal rules and and within the world’s largest trading bloc has been music to investors’ ears. No wonder Italian bond futures have risen this sharply. On Monday, following Giovanni Tria’s, Italy’s Economy… Read More ›

• Regional security at threat, if Iran cornered: Iranian parliamentary speaker Ali Larijani

  By admin1 on June 8, 2018 • ( 0 )

  

  Although Ali Larijani’s posturing is aimed at Iran’s domestic population, it assumes significance due to its geo-economic ramifications. On Friday, Iran’s parliamentary speaker, Ali Larijani, said security in the Middle East could be threatened if Tehran was cornered by Saudi… Read More ›

• Oil prices likely to rise due to U.S. sanctions on Iran and Venezuela

  By admin1 on June 8, 2018 • ( 0 )

  

  Iran slammed U.S. arrange of ignoring 60 years of OPEC’s history by suggesting Saudi Arabia boost its oil production in order to make up for Iran’s shortfall. In a development that essentially sets the stage for a tough meeting at… Read More ›

• Offloading non-core assets will ease VW’s transition into emerging automobile market

  By admin1 on June 8, 2018 • ( 0 )

  

  Volkswagen’s top management is aiming to transformation the group into a more modern, streamlined company. Although the process is seen as painful, it pays off in the long run. On Friday, the top leader of Volkswagen’s powerful works council said,… Read More ›