Author Archives
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U.S. China rack up deals to boost trade ties
It isn’t clear how these deals will have an economic impact given the fact that despite a 2012 WTO ruling, China has yet to issue operating licenses to Visa & MasterCard to operate in China. On Thursday, U.S Commerce Secretary… Read More ›
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Quality-related issue in its engine part leads to Boeing grounding 30-40 of its 737 MAX aircrafts
The engine issue is only a quality assurance defect. Airbus’ A32neo jet is also powered by the similar LEAP-1A engine and its flying travelers without any reported hitch. On Wednesday, Boeing Co disclosed, it had temporarily halted the test flights… Read More ›
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German grocery chains launch price wars with Wal-Mart and Amazon in the U.S.
German grocery chains, such as Aldi and Lidl are set to expand their U.S. footprint despite Wal-Mart and Amazon’s dominance in the grocery sector. In a significant development, German grocery chain Aldi Inc is aiming to beat Wal-Mart, the world’s… Read More ›
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Brian Duperreault to be named AIG’s CEO
The announcement could come out anytime today, if not sometime later this week. The Wall Street Journal has reported citing sources familiar with the matter at hand, American International Group (AIG) plans on naming Brian Duperreault as its new chief… Read More ›
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California’s 9th U.S. Circuit Court of Appeals to rehear AT&T’s data throttling speed lawsuit
If the FTC were to win this lawsuit, it would have wide-ranging implications for internet service providers. In an interesting turn of events, a U.S. court appeals in California has ruled that it will re-hear U.S. government claims that AT&T… Read More ›
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Britain will benefit if its stays within EU’s energy market mix
Here are highlights of the Chatham House’s report which delves into Britain’s energy future. Chatham House, a think tank is of the opinion, it would benefit Britain if she were to remain in EU’s energy market and carbon trading scheme… Read More ›
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The price of bitcoins touch a dizzying record high of $1,700
Increase in ICOs have had a significant impact on the price surge of bitcoins. With demands for the crypto currency soaring, bitcoins hit a record high on Tuesday helped by the creation of new tokens for raising funds for blockchain… Read More ›
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Trump Administration looking for ways to simplify rules governing financial oversight
Their implementation and interpretation by five different agencies have caused much concern in financial circles thus the current review. With U.S. financial regulators discussing the Volcker rule concerning speculative trading by banks, Wall Street’s biggest concern appears to have gained… Read More ›
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May’s hard Brexit stance pushing financial institutions to relocate to EU
Based on Theresa May’s Brexit stance, most large banks in Britain are working on the assumption that that the most likely outcome of Brexit will be Britain losing its access to EU’s single market and resulting in ‘Hard Brexit’. As… Read More ›
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Sinclair Broadcast acquires Tribune Media for $3.9 billion
This hugely strategic deal for Sinclar has not only broadened its horizons but has also provided it stakes in WGN America and the Food Network. Sinclair Broadcast Group Inc disclosed on Monday that it would acquire one of the largest… Read More ›
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