Calling on regulators to learn from Monday’s market turmoil, the world’s largest asset manager, asked that they be labeled differently from plain-vanilla ETFs such that investor can better associate risks pertaining to them. Following Monday’s steep decline in financial instruments… Read More ›
Creativity
Britain rules out customs union after Brexit: BBC
The move would have profound implications for Britain’s economy and could potentially trigger customs check at EU borders, including the one between Northern Ireland and the Republic of Ireland. The move is also likely to rid Britain from EU’s single… Read More ›
Airport infrastructure costs needs to be kept low: IATA CEO
Booming air traffic has given rise to surge in profits across global air-carriers, however with their net margin being at just 4.7%, the scope for exuberance is limited. On Monday, Alexandre de Juniac, the Chief Executive of International Air Transport… Read More ›
“Tripple One” strategy key in Nissan’s growth in China
Electric vehicles, light commercial vehicles and trucks as well as sourcing supplies locally are the key components of Nissan’s strategy in China, the world’s biggest auto market. On Monday, with the aim of placing itself within the top 3 automakers… Read More ›
Kenichiro Yoshida to become Sony’s CEO from April 1, 2018
Yoshida, was the brains behind many of Sony’s strategic decisions, including its decision to focus on image sensors and smartphones, which have won over investors. On Friday, Sony Corp stated Kenichiro Yoshida, its Chief Financial Officer, will replace Kazuo Hirai… Read More ›
John Hennessy replaces Eric Schmidt as Alphabet Inc’s Executive Chairman
In the last two years, a slew of new talent, including Sundar Pichai as Google’s CEO, Ruth Porat as its CFO, Susan Wojcicki as YouTube’s CEO, and Diane Greene as senior VP of Google’s enterprise business, have played a greater… Read More ›
U.S. Commodity Futures Trading Commission levies $70M on Deutsche Bank Securities Inc as penal
The $70 million penalty is for attempted manipulation of the USD ISDAFIX from January 2007 to May 2012. The U.S. Commodity Futures Trading Commission stated that it has ordered a filing and settling charges against Deutsche Bank Securities Inc, a… Read More ›
Ford Motor’s Chariot minibus service to expand to 6th U.S. city shortly
A traditional carmaker, Ford Motors is diversifying in the mobility services segment with changing consumer tastes of not wanting to own a vehicle. As per an executive from Ford Motors, the carmaker is set to launch its Chariot minibus services… Read More ›
‘Oligarchy list’ could potentially damage image and goodwill of Russian businesses and firms
Russian stocks have largely shrugged off the risks of new U.S. sanctions which center around this list. On Tuesday, Kremlin’s spokesman Dmitry Peskov stated that with Washington choosing to place people close to the Kremlin as part of an ‘oligarchy… Read More ›
Production cut for Apple’s iPhone X is overstated: iPhone X component maker Murata Manufacturing Co
The Nikkei had earlier reported a 50% cut in iPhone X’s production target. A senior executives from Japan’s Murata Manufacturing Co stated that the production cut for Apple’s iPhone X, is overstated. Murata, which supplies components for the iPhone X,… Read More ›