With China’s trade surplus with the United States at $375 billion, it clearly has much to lose. The Trump Administration has demanded that China cut this surplus by at least $100 billion. As per a source familiar with the discussions… Read More ›
HR & Organization
Deutsche Bank looking to replace John Cryan, its CEO
Following a breakdown of communication between the Deutsche’s CEO and its chairman, Germany’s largest bank is looking ti replace its CEO. Their disagreement comes in the wake of China’s HNA becoming its largest shareholder. Wanting to improve its lagging performance… Read More ›
Akzo Nobel to sell its Specialty Chemicals business to Carlyle Group GIC for $12.6 billion
The deal may have been aimed at avoiding a takeover from its rival PPG Industries. On Tuesday, Akzo Nobel disclosed that it will be selling its Specialty Chemicals business to U.S. private equity firm Carlyle Group and Singapore’s GIC for… Read More ›
LVMH’s Louis Vuitton hires Virgil Abloh to design its new menswear collections
Fashion houses are increasingly adopting streetwear looks to attract younger shoppers. On Monday, LVMH’s Louis Vuitton brand, the biggest revenue generator of the French luxury goods group said, it has hired Virgil Abloh, the founder of Off-White, a streetwear label,… Read More ›
Stocks markets across the world bounce back on easing trade war fears
News of U.S. Treasury Secretary Mnuchin planning a visit to China had eased fears of a trade war between the two giant economies. With the United States and China set to negotiate on trade, fears of trade wars between two… Read More ›
South Korea offers $37 million in financial aid to GM Korea
The financial support of up to $37 million to small and medium sized companies who are affected by on of GM’s Korea’s plant, could be extended to more depending on the overall impact the closure will have on these companies… Read More ›
Trump Administration excludes strategic allies from higher import tariffs on aluminum and steel
The exemption, albeit temporary, will be further reviewed on May 1 2018. In a strategically significant development with widespread repercussions, U.S. President Donald Trump has excluded, albeit temporarily, 6 countries, including the European Union, Canada and Mexico, from stiff U.S…. Read More ›
U.S. reins in Chinese influence in Australia
The training of U.S Marines in Australia is likely to dampen Australia-China relations while bolstering the United States’ long standing Asia pivot strategy. In a move designed to reign in Chinese aggression in Australia, on Friday, the Australian defense minister… Read More ›
Reckitt Benckiser Group withdraws from race to acquire Pfizer Inc’s consumer healthcare business
With Reckitt Benckiser out of the race, it is advantage GlaxoSmithKline Plc. Reckitt Benckiser Group, a British consumer goods group, has withdrawn from discussions with Pfizer Inc over buying its consumer healthcare business. According to sources familiar with the matter… Read More ›
Autoliv’s CEO to head its electronics business after spin-off
Autoliv plans on spinning-off Veoneer – its electronics business, which focuses on driver assistance software, radar products and vision systems. On Thursday, Autoliv, the world’s biggest maker of airbags and seat belts, stated that Jan Carlson, its chief executive, would… Read More ›
manageria.biz 