Analysts are expecting disappointing figures for WPP later in the week and predict more troubled times for the firm’s new boss Mark Read. Analysts expect an annual drop in revenues of 4 per cent for the advertising giant and predict… Read More ›
Strategy
The Economic Outlook For Asia In The Eyes Of The IMF And World Bank
With the world economy being clouded by dark undercurrents of trade tensions and turmoil in some of the financial markets, one could assume that the recently held annual meetings of the IMF and the World Bank in Bali last week… Read More ›
Tesla’s shares rise following launch of new Model 3 for $45,000
With U.S. tax breaks on Tesla cars set to diminish, it would be smart for potential buyers to snag one at cost-effective prices. Following the launch of a new Tesla Model 3 version for $45,000, shares of the U.S. electric… Read More ›
SAIC Volkswagen to commence building a $2.5 billion Audi plant in Shanghai
The move is aimed at tapping the growing Chinese demand for New Energy Vehicle (NEV). In what is possibly the first venture for Volkswagen AG’s partnership with SAIC Motor Corp Ltd, a Chinese company, the joint venture is on track… Read More ›
Kuwait Airways to purchase 8 A330-800neo jets
Airbus is scheduled to make the deliveries between March 2019 through December 2026. On Monday, Kuwait Airways stated it has signed an agreement with Airbus to purchase eight A330-800neo airliners. The deal comes in the wake of five months of… Read More ›
Honeywell International Inc’s 2nd quarter profits beat analysts’ estimate
On the wings of strong sales from its businesses which makes a host of products ranging from supply chain and warehouse automation equipment to aircraft engines and catalysts for petroleum refining, Honeywell International Inc reported a better-than-expected second quarter profits… Read More ›
Commonwealth Bank of Australia appoints Alan Docherty as its CFO
On Monday, the Commonwealth Bank of Australia named Alan Docherty as its chief financial officer following an unexpected exit of the previous CFO in May 2018. The development comes in the wake of the lender facing one of its worst… Read More ›
$18 Billion Value Shaved Off Crypto Currencies Market In Three Days
Crypto currencies went through a rough period in the last seven days with about $18 billion being washed away off the total value of global crypto currencies within just a few days. Bitcoin, the largest and the widely owned digital… Read More ›
Tesla Model 3 will now have a new and cheaper variant
Customers would now get a new version of Tesla’s lowest priced car, the Model 3 which would be priced at a slightly lower rate than the current model. Terming the new model a “lower cost, mid-range Tesla Model 3”, the… Read More ›
China slaps anti-dumping tariffs on hydroiodic acid from Japan and the United States
The tariffs will kick in on October 16, 2018. On Monday, China’s Ministry of Commerce stated, Beijing will slap anti-dumping tariffs on the imports of hydroiodic acid from Japan and the United States. The tariffs, will go into effect from… Read More ›
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