Author Archives
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Hanjin Shipping receives $45 million credit line to help unload its cargo
Despite numerous sources of credit, Hanjin Shipping is still short of 270 billion won to unload all of its cargo. The non-unloading of its cargo is likely to impact the upcoming holiday shopping season. In a development that could act… Read More ›
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VW’s golf assembly remains shut at Wolfsburg for Friday, Monday and Tuesday
The halt in production of its top selling model comes due to the breaking of a piston rod inside an engine of its plant. Volkswagen has stated that it will halt production of its Golf hatchback at its Wolfsburg factory… Read More ›
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Airbus confident of mitigating production delays related to the engines of its A320neo
The sourcing delay comes midst United Technology Corp reducing its delivery target of 150 from 200. John Leahy, the Airbus Group’s Chief Operating Officer has stated that the company is confident in mitigating issues related to production delays of its… Read More ›
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Barclays told to settle CFTC charge by paying $500,000
The charges relate to deficiencies of record keeping for the FY 2009-2012. The U.S. Commodity Futures Trading Commission has stated that it has ordered Barclays Bank PLC to pay $500,000 as settlement charges for deficiencies related to record-keeping. The agency… Read More ›
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Apple’s Bill Of Materials same as Samsung but commands a higher premium
IHS Markit’s tear down of Apple’s iPhone shows cost hike of $5 in manufacturing cost. According to IHS Markit Ltd, Apple’s latest flagship the iPhone 7 has higher input costs than its predecessor, the iPhone 6S thanks to its bigger… Read More ›
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Google gets more time to respond to EU’s 3 antitrust charges
The European Commission has granted Google more time to respond to its antitrust charges. If convicted Google will have to shell out $7.4 billion for each charge of up to 10% of its global turnover. The European Commission has informed… Read More ›
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JPMorgan acquires InvestCloud for an undisclosed sum
Through this move, JPMorgan has chosen to embrace its competitors rather than openly oppose their disruptive business model. With its strong existing network with lower customer costs, it can more effectively fight them while expanding its customer base with newer… Read More ›
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Microsoft raises quarterly dividend by 8%, plans $40 billion share buyback program
Although the repurchase program of its shares is not time bound, it is on track to complete the program by December 31. Much to the cheers of shareholders, Microsoft has announced today that it would not only raise its quarterly… Read More ›
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Ride-hailing app Grab, grabs $750 million in new funding round
Grab already has a strong presence in the Southeast Asian ride-hailing market. With money from this new funding round in its kitty, the company can better compete with Uber when it sets food in the Southeast Asian market. Grab, a… Read More ›
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GE plans on investing $10 billion over the next decade in Argentina
A number of foreign companies, including Siemens and GE, have announced their plans on investing in the Argentinian economy. Yet another foreign company has announced plans to invest in the Argentinian economy ever since President Mauricio Macri took office. According… Read More ›
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