While there are a number of reasons why the price of aluminum in the U.S. has shot up so dramatically, if the hefty premiums paid by buyers are an indication of the strong underlying strength of the demand, in most… Read More ›
Economy & Finance
Imposition of stiff import duties on aluminum and steel would significantly raise prices of U.S cars and trucks: Toyota Motor Corp
U.S. tariffs on imported aluminum will not only see a cost increase ripple through supply chains of carmakers but also risks retaliation from major partners. On Friday, Japan’s Toyota Motor Corp stated the imposition of stiff tariffs on imported aluminum… Read More ›
Bankruptcy of Nirav Modi’s Firestar Diamond in the U.S. draws early interest from potential buyers
Firestar Diamond and its affiliates had shown around $90 million in annual sales in the previous year. Its bankruptcy filing documents reveal some interesting tidbits including its corporate structure and the fact that it is talking with lenders for debtor-in-possession… Read More ›
William Ackman’s Pershing Square Capital Management building stake in United Technologies
William Ackman has let it be known that Pershing Square has reversed its position vis-a-vis Herbalife and is now building up a position in aircraft parts maker United Technologies Corp. Despite the fact that 6 years ago William Ackman, billionaire… Read More ›
Levi’s Jean To Reach Markets Much Faster With The Use Of Lasers To Make Jean Instead Of People
The making jeans is getting automated and speeded up by the use of lasers and by Levi Strauss. The process of fading, distressing and ripping would be made more efficient and the use of chemical would be reduced by the… Read More ›
Apple Hands Over Its iCloud Data To Chinese Firm Under Ne Cybersecurity Rules There
Human rights groups and privacy advocates have become worried by the latest move of Apple in China. The iCloud accounts that are registered in mainland China are being moved from the company servers to state run Chinese servers by Apple… Read More ›
U.S. Study Claims Conception Rates Can Predict An Economic Recession
In a period of several months before a recession, there is a fall in the overall rates of women getting according to an academic research done in the US. Economic downturns and recessions can be helped to be predicted by… Read More ›
China’s growing assertiveness rekindles German fears of foreign firms accessing its high-tech know-how
Geely’s agressive moves to access German sensitive high technology underscores a broader Chinese strategy of one-sided trade: attempts by German companies to gain full control over Chinese companies have repeatedly come to nought since it remains prohibited. China’s Geely’s purchase… Read More ›
U.S. to emerge as the world’s biggest oil producer by 2019: International Energy Agency
Soaring U.S. crude oil production has upended global oil markets since it comes at a time when Russia and OPEC have cut their production volumes in order to slim the glut in the global oil pool. On Tuesday, the International… Read More ›
Consumer Boycott Forces Firms To M Move Away From NRA As A Fallout Of The Florida Shooting
Following the tragic Florida school shooting, calls against companies that have businesses linked to the US gun lobby to be boycotted have been given in the country even as relationship with the National Rifle Association have been cut by an… Read More ›
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