China’s banking and insurance regulator has approved the bid by Industrial and Commercial Bank of China (ICBC). More banks have also submitted their applications for establishing such subsidiaries. China’s biggest-listed lender by assets, the Industrial and Commercial Bank of China… Read More ›
While earning HNA had voting rights of 7.64%, its now cut it to 6.3%. The development comes as the EU is becoming more conscious of the Chinese threat. According to information available in a filing with the U.S. Securities and… Read More ›
The U.S. Commerce Department is slated to send a confidential report to U.S. President Donald Trump clearing the way for him to potentially impose tariffs on imported autos and auto parts on the grounds that they threaten U.S. national security…. Read More ›
Europe is also staring at a similar scenario. According to financial data, with the outlook of Wall Street’s earnings facing a significant deterioration in recent months, the risk of the United States slipping into a recession has become a major… Read More ›
The development revealed that Pro-Brexit members within party are a major stumbling block to passing any agreement. British Prime Minister Theresa May’s Brexit plan suffered yet another humiliating defeat on Thursday. As a result the development has undermined her pledge… Read More ›
Two of the biggest card networks in the U.S. are scheduled to hike card processing fees. The move comes at a time when there is growing push towards a cashless economy. The Wall Street Journal has reported citing sources familiar… Read More ›
The effort, aimed at expanding its foothold in the highly competitive Chinese market, will see Starbucks competing with local Chinese startups, including Luckin Coffee. On Friday, Starbucks Corp stated it will be launching a new all-day dining cafe in China… Read More ›
William Chalmers will be replacing outgoing CFO George Culmer, scheduled to leave in June. On Friday, Britain’s biggest mortgage lender Lloyds Banking Group stated, it has has hired William Chalmers, a senior banker at Morgan Stanley, as its new chief… Read More ›
The U.S. Federal Aviation Administration has awarded Vietnam with a Category 1 rating. Vietnam’s aviation industry got a huge boost, with the U.S. Federal Aviation Administration declaring the nation’s aviation being in compliance with international safety standards. As a result,… Read More ›
British shops proved their mettle and displayed their resilience in the face of Brexit, with retail sales jumping by a whopping 4.2% in January 2019. Retail sales in Britain rebounded strongly in January with stores, including clothing stores, dishing out… Read More ›
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