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 ›
Economy & Finance
Money Transfers Seem Like “Sending an iMessage” as Banks Try Ripple Blockchain
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 ›
Ex-Deutsche Bank Executive in Asia Sues Lender for $17 Million
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 ›
Labaton Sucharow LLP files proposed class action lawsuit on VW on behalf of Boston Retirement System
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 ›
Oil rallies with diminishing Brexit apprehensions
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 ›
What’s in Store for the Oil Industry if there’s a Brexit?
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 ›
German foreign minister calls for joint responsibility of EU states to prevent nationalism of single states
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 ›
Pounds surges ahead of Britain’s referendum
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 ›
UnitCredit to name ex-Italian Industry’s minister as its CEO next week
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 ›
Possible Brexit Forces British Companies to Prepare for Long Night
Extra funds, pre-written statements and plans for late-night vigils by teams of consultants are being done by British companies as preparations for the possibility that the country will vote to leave the European Union. A last-minute flurry of preparations in… Read More ›
