Intesa Sanpaolo is Italy’s biggest retail bank. On Thursday, as per a source familiar with the matter at hand stated, Intesa Sanpaolo, Italy’s biggest retail bank, is holding talks with a unit of U.S. fund Davidson Kempner for selling $11… Read More ›
Strategy
China To Focus On Increasing Consumption To Boost Its Economy In 2019
Recent data has clearly indicated slowness in the Chinese economy and the government there is undertaking measures to increase domestic consumption and viewing that as a key cure to spruce up the flagging economy this year. The state planer of… Read More ›
U.S. Budget Surplus In January Reaches 8.7 Billion USD
Even as the United States is reportedly getting close to striking a deal on trade with China which would potentially bring an end to the seven month old acrimonious trade war, latest figures from the U.S. Treasury Department released on… Read More ›
Experts Say US Would Not Slow Down In 5G Tech Due To Huawei Absence
A news report on CNBC claimed that experts believe that in cease of the Chinese telecom giant Huaweri remaining banned in the United States would not impact the speed of roll out of the next-generation 5G mobile networks in the… Read More ›
Donald Trump will accept only perfect U.S-China trade deal: Mike Pompeo
The statement by U.S. Secretary of State Mike Pompeo essentially sets the stage for the forthcoming U.S.-China trade summit. In a media interview, U.S. Secretary of State Mike Pompeo made it lucidly clear that U.S. President Donald Trump will reject… Read More ›
Ford likely to close down two plants in Russia
Ford is losing money in every region where it has a plant other than North America. According to three industry sources, Ford Motor Co is weighing its options on shuttering two of its big plants in Russia. The move is… Read More ›
UK Firms Grow At Lowest In Six Years Sue To Brexit And Global Trade Concerns
A survey by the Confederation of British Industry has shown that concerns over a no-deal Brexit and rising global trade barriers were the primary factors that slowed down British businesses growth to its lowest rate in almost last six years…. Read More ›
Arne Sorenson, Marriott International Inc’s CEO to testify before U.S. Senate
In what is the biggest ever hack of a hotel reservation system to date, hackers had managed to breach Starwood hotels’ reservation system and managed to steal personal information, including passport and credit card numbers of 383 million customers. Arne… Read More ›
U.S.-China trade deal possible during summit: WSJ
Trump has made it clear that unless he is satisfied with the terms of the trade deal, he will walk away from it. As per a report from the Wall Street Journal, high level negotiations between U.S. President Donald Trump… Read More ›
Theresa May hopes to win Brexiters with 1.6 billion pound ‘Stronger Towns Fund’
To a great extent, the fund will be used in areas north of England which have not had a fair share of the country’s prosperity. May is scheduled to present a revised deal in parliament on March 12. On Monday,… Read More ›