The contract is for providing support and components for a range of auxiliary power units for 7 kinds of aircraft. As per a statement by the Pentagon, Honeywell International Inc has won a $1.04 billion contract for support of auxiliary… Read More ›
Creativity
Deutsche Bank to place assets in safe-haven liquidities rather than cash: CFO
This minor change in asset holding strategy is likely to result in improved results, reduced risk tolerance, and at reduced costs. As part of a strategic decision to boost profitability, Deutsche Bank’s Chief Financial Officer stated, it plans on holding… Read More ›
Masayoshi Son cancels his visit to Saudi investment conference
In purely financial terms, the disappearance and killing of journalist Jamal Khashoggi’s at the Saudi Embassy in Turkey could turn out to be a costly affair for Saudi Arabia. On Tuesday, the Wall Street Journal reported citing a conference representative,… Read More ›
France’s Total to announce retail network partnership with Saudi Aramco: Total’s CEO
In April 2018, Total had shown interest in the Saudi petrol station market. This collaboration follows up on the earlier MOU it had signed with the Saudi oil and gas giant. On Tuesday, Patrick Pouyanne, the Chief Executive of French… Read More ›
Aramco to sign 15 deals worth $30 billion+ at investment conference
Despite major companies dropping out from the investment meet, Saudi Arabia is intent on making the investment meet a success. On Tuesday, according to a source familiar with the matter at hand, Saudi oil giant Aramco is likely to sign… Read More ›
Mitsubishi Heavy Industries to sink in $2 billion into its aircraft-making unit: NHK
Mitsubishi’s aircraft project is of strategic value to Japan since it marks is first attempt to make passenger jets since the 1960s. On Tuesday, Japanese news agency NHK reported, Mitsubishi Heavy Industries is likely to inject $2 billion (220 billion… Read More ›
Advertising Giant WPP Expected To Report First Drop In Sale In 16 Years
Analysts are expecting disappointing figures for WPP later in the week and predict more troubled times for the firm’s new boss Mark Read. Analysts expect an annual drop in revenues of 4 per cent for the advertising giant and predict… Read More ›
Tesla’s shares rise following launch of new Model 3 for $45,000
With U.S. tax breaks on Tesla cars set to diminish, it would be smart for potential buyers to snag one at cost-effective prices. Following the launch of a new Tesla Model 3 version for $45,000, shares of the U.S. electric… Read More ›
SAIC Volkswagen to commence building a $2.5 billion Audi plant in Shanghai
The move is aimed at tapping the growing Chinese demand for New Energy Vehicle (NEV). In what is possibly the first venture for Volkswagen AG’s partnership with SAIC Motor Corp Ltd, a Chinese company, the joint venture is on track… Read More ›
Kuwait Airways to purchase 8 A330-800neo jets
Airbus is scheduled to make the deliveries between March 2019 through December 2026. On Monday, Kuwait Airways stated it has signed an agreement with Airbus to purchase eight A330-800neo airliners. The deal comes in the wake of five months of… Read More ›
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