Howard Wilkinson – the former head of Danske Bank’s trading business in the Baltics is scheduled to testify before the European Parliament’s special committee on financial crimes, tax evasion and tax avoidance on November 21, 2018. On Tuesday, Dane Jeppe… Read More ›
Creativity
Shares of Ono Pharmaceutical Co on record high for Noble Prize winning method to fight cancer
The game changing method founded by researchers Tasuku Honjo and James Allison was used to create the drug Opdivo which was co-developed by Ono Pharmaceutical Co and Bristol-Myers Squibb Co. On Tuesday, shares of Japanese drugmaker Ono Pharmaceutical Co touched… Read More ›
Euroclear now offers dollar settlement for the first time
Euroclear is the first non-U.S. financial services platform which has been allowed to connect to the U.S. Federal Reserve’s National Settlement Service. Euroclear, a post-trade services provider stated, its Ireland and UK businesses has linked up with the U.S. Federal… Read More ›
H. Lawrence Culp Jr becomes General Electric Co’s CEO
Following John Flannery’s resignation from General Electric Co’s as its CEO, GE’s board has unanimously endorsed H. Lawrence Culp Jr as its CEO. General Electric Co’s CEO John Flannery has stepped down from his role in the company. The development… Read More ›
Qatar drags Saudi Arabia to WTO over IP violations
Qatar has accused Saudi Arabia of not taking actions against the piracy of one of its broadcaster’s content in the Kingdom. As per a statement from Qatar’s economy ministry, proceedings against Saudi Arabia at the World Trade Organization (WTO) have… Read More ›
Pfizer Inc’s CEO Ian Read to also become its executive chairman in Jan 2019
The strategic development places the Ian Read as its chairman and opens up the CEO post which could be filled at a later date. Under Read’s steady stewardship, Pfizer Inc’s stock has gone up by 160% since December 2010. Pfizer… Read More ›
Danske Bank appoints Jesper Nielsen as interim CEO
Danske Bank has come under a cloud following an internal enquiry which showed that in the course of the last 8 years, suspicious transactions were routed through its Estonian branch. On Monday, the board of directors at Danske Bank appointed… Read More ›
USMCA spares Canada and Mexico from Trump’s potential 25% auto tariffs
If Trump acted on his threat to impose 25% tariffs on global automobiles exported to the United States, subject to a quota regime, auto exports from Canada and Mexico would be largely exempted from this potential threat. According to a… Read More ›
Eurosceptic lawmaker Jacob Rees-Mogg May’s Brexit plan will be rejected by Britain and the EU
While British lawmaker Jacob Rees-Mogg heaped negativity on British Prime Minister’s Brexit plan, the only alternative he cited was a no-deal exit whose economic consequences he failed to spell out. Britain’s Eurosceptic lawmaker Jacob Rees-Mogg said, neither the European Union… Read More ›
China to cut import tariffs on wide range of products
Faced with an escalating trade war with its biggest trading partner, the United States, these steps are aimed at boosting its competitiveness. According to a statement from China’s ministry of finance, Beijing will slash import duties on products, including textiles… Read More ›