Underscoring the marque’s allure even as the former unit of Fiat Chrysler Automobiles NV widens its line-up with more affordable models, Ferrari NV sold out a $2.1 million open-top version of its LaFerrari supercar before its public debut. Te Paris show… Read More ›
While it is no stranger to worker strikes, but alarm bells are rising at Hyundai Motor, the world’s fifth-largest automaker, by the current episode—its biggest ever. Over demands for wage increases, a first nationwide, full-day walkout in 12 years on… Read More ›
Existing banks and financial institutions in the EU, can easily relocate to France since their existing legal documents in English are now acceptable for registration in France. There is no need for translating them in French. With Brexit taking its… Read More ›
Having identified loopholes in the current export norms the Commission is trying to plug them while tightening them even further so that they aren’t misused in the hands of extremists and rogue governments. So as to reign in human rights… Read More ›
Europe and US are providing a hard time to the drinks companies. So much so, that they are struggling to maintain beer sales in these two regions. The reason – consumers look to pour themselves a healthier option and abstain… Read More ›
This fresh investment is likely to boost Cisco’s margins as input costs are lower in Mexico. The Mexican government has disclosed that U.S. networking giant, Cisco Systems, plans on investing $4 billion in Mexico over the period of 2 years… Read More ›
In one of the most drastic measures yet by the energy-rich kingdom to save money at a time of low oil prices, Saudi Arabia will cut ministers’ salaries by 20 percent and scale back financial perks for public sector employees…. Read More ›
Before taking steps to ease the impact on its business, Wells Fargo & Co. won’t wait for the U.K. to formally trigger an exit from the European Union. Frank Pizzo, president for Europe, the Middle East and Africa, said in… Read More ›
Following a media report that said that the German government wouldn’t step in to back the lender, fueling investor concerns about its weakened finances, Deutsche Bank AG shares dropped to a record low and its riskiest bonds declined. Bringing losses… Read More ›
Foreign central banks have become yet another worry for investors in the world’s most important bond market these days, they’ve long been one of the most reliable sources of demand for U.S. government debt. Based on the Federal Reserve’s official custodial… Read More ›
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