GE’s first quarter results could be a bargaining point for the French government since profits rose more than what GE had expected. General Electric (GE) has announced a plan to slash nearly 1,000 jobs in France. The move is likely… Read More ›
Creativity
New York dethrones London to become world’s No. 1 financial centre
180 executives participating in the annual Global Regulatory Outlook survey working in asset management, private equity, hedge funds, banking and brokerage houses placed New York above London as the world’s top financial center. On Tuesday, as per the results… Read More ›
LNG prices likely to shoot up after 2022: ConocoPhillips
ConocoPhillips is expected to take a final investment decision on whether it should develop the Barossa gas field. On Tuesday, the Chief Executive of ConocoPhillips stated, he expects global prices of liquefied natural gas (LNG) to be weak in the… Read More ›
Canada takes steps to ratify USMCA ahead of U.S. VP Mike Pence’s visit
For the USMCA, which will replace NAFTA, to become law, it has to be ratified by lawmakers from the U.S., Canada and Mexico by the end of this summer. In a significant development, Canada took the first step toward ratifying… Read More ›
China’s banking regulator takeover Mongolia-based Baoshang Bank
The development underscores the prevalence of unmanageable debt, which poses a systemic risk in China’s financial system. On Monday, in a significant development, the takeover of Inner Mongolia-based Baoshang Bank by by China Banking and Insurance Regulatory Commission (CBIRC), jolted… Read More ›
FCA Renault merger proposal has merits
An European industrial giant in Europe bodes well for the bloc. On Monday, Sibeth Ndiaye, a spokeswoman for the French government stated, the government is looking “reasonably favorably” on a proposed merger deal between Italian carmaker Fiat and France’s Renault…. Read More ›
Fiat proposes merger of equals with Renault
Fiat Chrysler’s proposed merger with Renault aims to mitigate the costs of emerging technological and regulatory challenges by creating a company which will be the third biggest carmaker in the world. On Monday, shares of Renault and Fiat surged following… Read More ›
Mexico To Hold Auction Of Seized Vehicles Obtained By Corrupt Means
The government of Mexico under its leftist president has taken up a populist anti corruption crusade. And this week end, government authorities are going to auction away dozens of luxury cars that have been seized from corrupt politicians and mobsters… Read More ›
Safety Budget Of Facebook Is Higher Than Twitter’s Annual Revenues: Mark Zuckerberg
Facebook is cracking down harder on fake accounts. In the first quarter of 2019, action taken by Facebook against suspected fake accounts was twice as much as it had done with such accounts in the fourth quarter of 2018, announced… Read More ›
Countries who artificially undervalue currency could see hike in U.S. tariffs
Chinese exports to the United States could face additional hike in tariffs from this proposed new rule by the U.S. Commerce Department. In a significant development the U.S. Commerce Department stated it proposes to impose anti-subsidy duties on products from… Read More ›
manageria.biz 