Author Archives

• British consumers capitalize on holidays shopping discounts boost consumer spending to 11 year high

  By admin1 on January 5, 2017 • ( 0 )

  

  Defying downturn predictions following Britain’s shock Brexit referendum the British economy has surged forward. However in the long run, the price of the sterling and its ability to negotiate access to EU’s single market will determine the country’s economic future…. Read More ›

• Toshiba again accused of profit padding by securities watchdog

  By admin1 on January 4, 2017 • ( 0 )

  

  Japan’s Securities and Exchange Surveillance Commission has accused Toshiba’s top management of accounting fraud for the period of 2012-2014. With reports appearing in the media that a security watchdog suspects Toshiba Corp of misreporting its profits by $339.59 million (40… Read More ›

• Samsung’s 3D NAND chips help rake in record profits

  By admin1 on January 4, 2017 • ( 0 )

  

  Samsung’s third quarter results expected to touch new heights. Despite Samsung’s Galaxy Note 7 fiasco, analysts have found that this is likely to be Samsung’s best quarterly profits in nearly 3 years. An aggressive sales strategy for its memory chips… Read More ›

• South Korean court allows Italy’s Fincantieri to become a preferred bidder for STX France

  By admin1 on January 4, 2017 • ( 0 )

  

  The French state has a 33% stake in STX France. Last year, STX France delivered the largest passenger ship ever built – the ‘Harmony of the Seas’. A spokesman for South Korea’s court has reported that the court had given… Read More ›

• Bitcoins have registered a growth of 125% in 2016

  By admin1 on January 3, 2017 • ( 0 )

  

  Traded heavily in China, the cryptocurrency is used to go around capital control norms placed by China’s ruling bosses. In a significant development, bitcoin has jumped above $1,000 for the first time in 3 years. It has outperformed all currencies… Read More ›

• Tesla faces potentially class action suit from sudden acceleration issues in Model X

  By admin1 on January 3, 2017 • ( 0 )

  

  The lawsuit had cited incidents of sudden acceleration from NHTSA’s database and on this basis has sought class action status. A model X owner has sued Tesla Motors stating that his EV suddenly accelerated while being parked, causing it to… Read More ›

• South Korea bans models of Volkswagen, BMW, Porsche, Nissan

  By admin1 on January 3, 2017 • ( 0 )

  

  The ban comes in the wake of an investigation by South Korea whose findings indicate that these companies had falsified documents related to pollution norms and noise levels. BMW and Nissan have acknowledged the findings of the investigation. In the… Read More ›

• European Banks need to defend their interest more vigorously against U.S. rivals: Deutsche Bank chairman

  By admin1 on January 2, 2017 • ( 0 )

  

  While Deutsche Bank has ruled out a merger or a bailout, its chairman has called for a more vigorous defence for European banks and cautioned that global banking rules, should not be lopsided. German newspaper Frankfurter Allgemeine Sonntagszeitung has cited… Read More ›

• Swiss favours closer ties to EU over immigration curbs: survey

  By admin1 on January 2, 2017 • ( 0 )

  

  Access to EU’s single market is key especially since Swiss products have a sizeable market presence. According to a survey, Swiss voters prefer closer ties to the EU and its single market than adopt immigration curbs that could jeopardise these… Read More ›

• Kia Motors to chase sales target of 3.12 million vehicles in 2017

  By admin1 on January 2, 2017 • ( 0 )

  

  Kia Motors has set an aggressive sales target despite falling short of its undisclosed target for 2016. South Korea based Kia Motors Corp has stated that it intends to sell 3.17 million vehicles globally this year. In 2016, it had… Read More ›