Author Archives

• Republican Senators introduces bill blocking U.S. government from using telecome equipment from Huawei Technologies and ZTE Corp

  By admin1 on February 8, 2018 • ( 0 )

  

  This development aims to provide a systemic protection to U.S. infrastructure and businesses that may have been so far vulnerable to sniffing by adversaries. Pregnant with geo-economic and geo-political implications the move underscores a growing awareness within the U.S. establishment… Read More ›

• French antitrust probe could materially impact Electrolux’s financial statements

  By admin1 on February 7, 2018 • ( 0 )

  

  In the multi-year investigation, anitrust authorities in France have alleged that Electrolux along with other large white goods home appliance makers have collaborated to fix prices of their appliances. On Wednesday, Electrolux stated antitrust authorities in France are set to… Read More ›

• Angela Merkel’s conservatives party and the Social Democrats (SPD) hammer out coalition government: sources

  By admin1 on February 7, 2018 • ( 0 )

  

  The development brings closure to the 4 month long political uncertainty which has weakened Germany’s economy and its role in international affairs. On Wednesday, a source involved in the negotiations between German Chancellor Angela Merkel’s conservatives party and the Social… Read More ›

• British banks should apply for EU license by end of second quarter: ECB

  By admin1 on February 7, 2018 • ( 0 )

  

  The statement by Sabine Lautenschlaeger, a board member of the ECB, brings more clarity on the outlook of British financial institutions vis-a-vis Brexit. On Wednesday, Sabine Lautenschlaeger, a board member of the European Central Bank made it lucidly clear to… Read More ›

• Alphabet names Dinesh Jain as CEO of Access, its internet service company

  By admin1 on February 7, 2018 • ( 0 )

  

  Alphabet’s Access is seeing a high turnover in human resources: Jain’s appointment as CEO is the third in less than two years. The unit has also laid employees since 2016. On Wednesday, Alphabet Inc named Dinesh Jain, a former chief… Read More ›

• Tronc Inc to sell Los Angeles Times to Patrick Soon-Shiong

  By admin1 on February 7, 2018 • ( 0 )

  

  With evolving times, the newspaper industry is facing severe headwinds against the digital print industry, and the sale is largely reflective of that struggle. As per a source familiar with the matter at hand, Tronc Inc, owner of Los Angeles… Read More ›

• Boeing considering raising production levels of 737

  By admin1 on February 7, 2018 • ( 0 )

  

  Boeing is likely to raise production levels of its narrowbody offerings. On Wednesday, a senior executive from Boeing said, judging by currently available data, the aircraftmaker must seriously consider raising the production levels of the 737. When asked at a… Read More ›

• Global stock sell-off wipes out $4 trillion from market capitalization

  By admin1 on February 6, 2018 • ( 0 )

  

  Facing a downturn in market conditions, investors are pouring into other assets, such as forex. Stock markets across the globe, tread downwards for a fourth consecutive days wiping out $4 trillion from the market which had peaked just eight days… Read More ›

• Walmart’s Store No.8 acquires virtual reality startup Spatialand

  By admin1 on February 6, 2018 • ( 0 )

  

  The development marks Walmart’s push to improve customer experience on its website as well as in its brick-and-mortar stores with virtual reality. Store No. 8, Walmart Inc’s technology incubator, disclosed it has acquired Spatialand, a virtual reality startup, to build… Read More ›

• Levered and inverse ETPs should be labeled differently from ETFs: BlackRock

  By admin1 on February 6, 2018 • ( 0 )

  

  Calling on regulators to learn from Monday’s market turmoil, the world’s largest asset manager, asked that they be labeled differently from plain-vanilla ETFs such that investor can better associate risks pertaining to them. Following Monday’s steep decline in financial instruments… Read More ›