A law suit that claims nearly $10 million in damages has been filed against Toshiba by Japan’s $1.3 trillion public pension fund. The damages have been claimed after the fund lost money following the accounting scandal that pushed down the… Read More ›
If Brexit were to happen Jaguar Land Rover could face a $1.47 billion in taxes by 2020. According to two sources who are familiar with the matter at hand, Britain’s largest car manufacturer, Jaguar Land Rover, could face the brunt… Read More ›
In a move that could make the process of using blockchain technology faster and cheaper, several global banks including Santander and UBS are conducting real-world trials using blockchain technology for international cross-border payments. Technology provided by U.S. start-up Ripple to test… Read More ›
The German firm Deutsche Bank AG is being sued for HK$135.3 million ($17 million) in a wrongful dismissal claim filed with Hong Kong’s labor tribunal by a former co-head of Asia corporate finance at the bank – Douglas Morton. According to… Read More ›
In the U.S., Volkswagen has until June 28 to reach a settlement with regulators and car owners for its diesel emission cheating scandal. The public pension fund for Boston municipal employees, Boston Retirement System has filed the first bondholders proposed… Read More ›
Three opinion polls have shown that British voters could potentially vote to remain in the EU. The markets have cheered in the wake of such reports. With polls showing a diminished chance of a Brexit from the European Union, investor’s… Read More ›
There would be a fall in the price of oil – but not for long, predicts the Societe Generale’s head of oil market research, if the U.K. public votes to leave the European Union (EU). With a positive reaction seen… Read More ›
Frank-Walter Steinmeier has called for prevention of re-integrating Britain into the EU, if it decides to exit. Frank-Walter Steinmeier, Germany’s Foreign Minister, has been quoted today saying if Britain were to leave the EU bloc, the European Union must prevent… Read More ›
The trend underpins growing investor sentiments that British voters are likely to vote for Britain staying within the EU. With opinion polls showing British voters swinging to opt to remain within the safe confines of the European Union in the… Read More ›
Italian newspaper Il Fatto Quotidiano has reported that UniCredit is set to name Corrado Passera as its next CEO, sometime next week. Italy’s biggest bank by asset, UniCredit is all set to name Corrado Passera, a former industry minister as… Read More ›
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