On Thursday, Union workers at South Korea’s Kia Motors Corp stated, they will be launching a partial strike on November 24 over wages and worries on job security. The development comes even as Kia Motors plans on producing electric vehicles (EV)…. Read More ›
Entrepreneurship
National Australia Bank temporarily closes branches over physical security threat
On Wednesday, in a statement the National Australia Bank said it was temporarily closing its branches to mitigate a “physical security threat” without providing any further details. National Australia Bank said, it was working with the police and will issue… Read More ›
Brian Brooks set to become comptroller of currency: White House
In a statement the White House said, U.S. President Donald Trump plans on nominating Brian Brooks as the county’s comptroller of the currency, a five-year term. Brooks is currently the acting comptroller. Previously he served as chief legal officer of… Read More ›
Unilever sets optimistic sales targets for dairy & meat alternatives
On Wednesday, in a statement Unilever stated, it expects sales of its plant-based dairy and meat products to touch 1 billion euros sales in the next 5 to 7 years. Unilever is seeing a growth in this sector thanks to rising sales… Read More ›
Beyond Meat launches plant-based minced pork in China
On Tuesday, Beyond Meat Inc launched a plant-based minced pork in China. The Los Angeles-based producer of plant-based alternative meat substitute is seeking to tap growing demand for its products in the lucrative Chinese market. In a statement Beyond Meat said,… Read More ›
NASA And Actor Tom Cruise Working On Shooting A Film At The International Space Station
The United States space agency NASA and actor Tom Cruise are working together to create a movie on the International Space Station, the head of NASA had confirmed. The news that Cruise will be launched into space and stay aboard… Read More ›
U.S. asset manager AllianceBernstein applies for setting up mutual fund unit in China
According to a post in China’s securities website, U.S.-based asset manager AllianceBernstein’s Hong Kong unit has applied to set up a mutual fund in China. The website of China’s Securities Regulatory Commission shows that application documents from AllianceBernstein Hong Kong… Read More ›
Saudi Aramco hires bankers ahead of multi-tranch U.S. dollar denominated bond issue
On Monday, oil giant Saudi Aramco stated, ahead of its launch of its U.S. dollar-denominated bond issuance, it has hired a group of banks, in a stock exchange filing. Saudi Aramco, the world’s biggest oil company is aiming to raise capital… Read More ›
Parent of BMW’s Chinese joint venture partner undergoing bankruptcy restructuring
According to a filing in a Chinese court, the Chinese JV partner of BMW, Brilliance Automotive Holdings, stated, its parent, Huachen Automotive Group, may undergo restructuring following a creditor approaching a Chinese court to recover sums. Huachen is owned by… Read More ›
Australia’s stock exchange to open only on Tuesday following data security issue: bourse operator ASX Ltd
On Monday, Australia’s stock exchange halted trading following a security issue. 20 minutes after opening on Monday Australia’s stock exchange experienced issues with market data. Trading is set to resume on Tuesday at 10 a.m., said bourse operator ASX Ltd…. Read More ›