Investors are increasingly using their financial muscles to reward companies that limit their investments towards fossil fuel companies. On Monday, the world’s biggest reinsurer, Munich Re, stated it will stop investing in shares and bonds of companies that generate more… Read More ›
Since North America is Toyota’s largest market, an increase in tariffs, especially in its best selling pick-up truck models is likely to boost the cost of its vehicles by at least $3,000. On Friday, Japanese automaker Toyota Motor Corp posted… Read More ›
The Investec Services Purchasing Managers’ Index (PMI) in Ireland fell to 57.4 from 59.5, its lowest level since March 2018. As per the results of a survey released on Friday, growth in the Ireland’s services sector have dipped slightly from… Read More ›
Both companies are conducting their due diligence and aim to close the deal, subject to regulatory approval, by the end of this year. 1864 founded Dutch brewing giant Heineken NV has struck a $3.1 billion deal with China Resources Beer… Read More ›
Myanmar seems to have learned the lessons of China-back projects in Sri Lanka and Pakistan. Avoids walking into a debt trap. According to a top government official from Myanmar, the government is scaling back plans for a port project funded… Read More ›
Ferrari’s reported an EBITDA of $339 million, in line with Thomson Reuters SmartEstimate of 286 million euros. On Wednesday, Ferrari confirmed its full year outlook based on a 7% rise in its core second-quarter adjusted earnings which were largely helped… Read More ›
A weak yuan fits well into the ongoing global move of a loose monetary policy. Chinese policymakers have also made it very easy for investors to borrow and short-sell the yuan, which indicates that they are indirectly pushing down interest… Read More ›
Given its trade surplus with the U.S., China will have to fight this trade very carefully. Beijing has let it be known that it is open to dialog. On Wednesday, in a move that is indicative of the economic impact… Read More ›
A home to premium carmakers, the move will strengthen Hungary’s economy. In a strategic move, BMW stated, it will be investing $1.17 billion (1 billion euros) for a new car factory in eastern Hungary. The move is likely to add… Read More ›
Ralf Brandstaetter will assume the new role in addition to his existing responsibilities. On Tuesday, German daily Bild reported citing a source familiar with the matter at hand as saying, Volkswagen, Europe’s biggest carmaker, is likely to name Ralf Brandstaetter… Read More ›
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