Potentially stifling its ability to create the next Google or Twitter, according to a new report, New York and San Francisco have been trumped by London which has been named as the most expensive city in the world for technology… Read More ›
Economy & Finance
Alcatel Integration Sped up by Nokia CEO Stung by Failed Mergers
Rajeev Suri put his team at Nokia Oyj on a tight schedule: in just 90 days they had to hash out which products to keep and which to jettison, after gaining control of French network-equipment rival Alcatel-Lucent SA in January. “Procrastinated… Read More ›
Negative Rates to be made Centerpiece of Future Easing by BOJ: Reports
By shifting its prime policy target to interest rates from base money at its review next week, the Bank of Japan will consider making negative interest rates the centerpiece of future monetary easing, reported Reuters citing sources. As more than… Read More ›
Luxury-Goods Industry Descends into Gloom
After Richemont predicted a profit plunge that Chairman Johann Rupert deemed unacceptable and Hermes International SCA abandoned a long-standing forecast, the crisis in the global luxury-goods industry deepened. Richemont, the maker of Cartier jewelry, warned it may have to deepen… Read More ›
Jaguar Land Rover picks Takenaka & Vces as partners for its Slovak factory
JLR’s investment is stated to be the country’s biggest ever foreign direct investment in its history. Jaguar Land Rover (JLR) has disclosed that it has picked Vces and Takenaka, a a Czech and a Japanese company respectively, as subcontractors for… Read More ›
Fitch says to Watch Out for More in a Record Year of Country Downgrades
2016 seems to be headed towards being a year when rating agency – Fitch Ratings, handed over the most number of sovereign downgrades even while there is over more than three months to go till the end of the year…. Read More ›
Chances of Fed Interest Rate Hike in September Slashed to 25 Percent by Goldman
Noting the absence of a clear indication that the central bank’s rate-setting group was set to tighten policy, Goldman Sachs has trimmed the odds of the U.S. Federal Reserve raising interest rates next week. While raising the odds that the… Read More ›
Analysts Predict Efforts to Unload Hanjin Stalled Ships by Funding could End up Short
Daniel Yoo, head of global wealth management at Kiwoom Securities believes that the funds flowing to listing Hanjin Shipping were likely to fall far short of what was needed to get its stalled cargo moving. “Hanjin Group is now going to… Read More ›
Serious Discussion of Rate Hike This Month Urged by Fed’s Lockhart
Despite the revelation of some recent disappointing economic indicators, the call for a “serious discussion” about raising interest rates at the U.S. central bank’s meeting later this month was repeated by Federal Reserve Bank of Atlanta President Dennis Lockhart. “Notwithstanding… Read More ›
Danger of Donating to Trump-Pence Ticket Alert Sounded on Wall Street
Donating to the Trump-Pence ticket may be more trouble than it’s worth – this seems to be the new memo for Wall Street. After Credit Suisse Group AG and Northern Trust Corp., it was the turn of Goldman Sachs Group… Read More ›
manageria.biz 