Hints about implementing more easing measures for the economy was dropped by the European Central Bank (ECB) especially targeted for the markets on Thursday which resulted in the euro dropping to a two year low against the dollar for a… Read More ›
Economy & Finance
737 Max Production Could Be Stopped If Impasse With Regulators Continue, Warns Boeing
If the global grounding of its 737 Max jet planes continues for much longer, Boeing would be forced to halt production of the planes, the United States airplane maker has warned. The troubles caused by the grounding of the planes… Read More ›
Climate Action Rebate Act could generate $2.5 trillion in 10 years
Plans are afoot to get bipartisan backing for this bill. On Thursday, two Democratic U.S. senators are set to unveil a bill which aims to reduce climate change by slapping a fee on oil, natural gas and coal; the bulk… Read More ›
A Sluggish Global Economy Could Get Even Worse Due To Trade Conflicts, IMF Says
The latest outlook from the International Monetary Fund about the prospect of the global economy states that growth in the world economy is still sluggish and a bouncing back of it is not assured even in 2020. That forecast was… Read More ›
Philippines’ Jollibee Foods Corp acquires Coffee Bean & Tea Leaf for $100 million
Jollibee Foods Corp is the biggest fastfood chain in the Philippines. On Wednesday, Philippines’ Jollibee Foods Corp stated it is in the process of acquiring Coffee Bean & Tea Leaf, a U.S. brand, for $100 million. In a financial disclosure… Read More ›
KKR & Co acquires Arnott’s Biscuits for $2.2 billion
Arnott’s Biscuits is a brand that belongs to Campbell Soup Co. This is the second time in a week, that an offshore business has acquired an Australian food and drink business. According to a report from the Australian Financial Review,… Read More ›
EU will retaliate if US slaps tariffs on EU car exports
The EU has made it lucidly clear that it will retaliate with $39.1 billion of U.S. goods if Washington was to go ahead with its threat to impose tariffs on EU car exports. In a warning to Washington, the European… Read More ›
Bank of England will have to be flexible and fast in responding to Brexit
Britain’s central bank will have to double down on its monitoring of the British economy so as to minimize any potential impact from Brexit. On Tuesday, Andy Haldane, Bank of England’s Chief Economist stated, given the economic prospects facing the… Read More ›
45% chance of a Hard Brexit: Goldman Sachs
With Boris Johnson emerging as Britain;s next Prime Minister, he will have just over 3 months to deliver on Brexit. On Tuesday, Goldman Sachs raised its estimate of Brexit from 35% to 40% saying the “hurdle” to stop a hard… Read More ›
Alibaba To Allow Small US Businesses To Sell On Its Platform Providing Them Global Reach
Smaller businesses and companies in the United States would now be allowed to use the Alibaba.com e-commerce platform, the Chinese e-commerce giant Alibaba Group Holdings Ltd has announced. Analysts view this measure by Alibaba to be an effort by it… Read More ›
manageria.biz 