The fire power of Republican attorney generals could protect Exxon Mobil against probing questions of whether it willfully violated consumer protection laws. As per a filing in the U.S. District Court in Manhattan, a group of eleven state attorneys general… Read More ›
Entrepreneurship
U.S. Federal Reserve fines Deutsche Bank $156.6 million for violating forex rules
Transcript of traders communicating in online chat rooms, which had led Deutsche Bank to settle in an earlier probe by Brazil’s antitrust watchdog Cade in December, show that banks had worked together to manipulate forex rates. The U.S. Federal Reserve… Read More ›
American Material Handling Equipment wins $925 million defense contract
The fixed price contract is subject to market changes and has a ceiling of $925 million. The Pentagon has disclosed that American Material Handling Equipment Inc has been awarded a maximum of $925 million for a fixed-price with economic-price-adjustment defense… Read More ›
Trump pulls up China over cheap steel import
The Trump administration has taken China to task for its strategy of dumping cheap imports, in this case steel, into other countries as a policy. Citing national security concerns, U.S. President Donald Trump has launched a probe against exporters of… Read More ›
For Bidding For Aramco IPO, China Gathers State-Led Consortium: Reuters
In order to act as a cornerstone investor in the initial public offering of Saudi Aramco, China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, reported Reuters citing people with knowledge of the… Read More ›
Brexit is more than just what meets the eye
Here are the views of EU’s foreign policy chief on Brexit during her visit to Beijing. Federica Mogherini, the European Union’s foreign policy chief, has stated that Britain is set to lose more than just its membership in the EU… Read More ›
Jeremy Corbyn to take on UK’s ‘cosy cartel’ which protects the weathy
“These rules have created a cosy cartel which rigs the system in favor of a few powerful and wealthy individuals and corporations… But things can, and they will, change.” – Jeremy Corbyn Jeremy Corbyn, Britain’s opposition leader has vowed to… Read More ›
General Motors may have to write off its investments in Venezuela
General Motor’s factories in Venezuela have been seized by the government. Crisis laden leftist-ruled Venezuela has seized a plant belonging to General Motors. The American company stated that Venezuelan authorities had illegally seized its plant in the industrial hub of… Read More ›
The asset management market likely to see a wave of M&A
Larry Fink sees the waters in the asset management scene as choppy in the short run. Larry Fink, the CEO of the BlackRock Inc, the world’s largest asset manager, has said he sees a wave of mergers and acquisitions taking… Read More ›
Products Tested On Animals Are Being Sold By Big Cosmetic Firms In China
The Chinese government mandate of animal testing for imported cosmetics and skincare products made entrepreneur Phoebe Song stop cold after she had launched her organic, vegan skincare line that she had planned to sell around the world, including in China, the… Read More ›