A home to premium carmakers, the move will strengthen Hungary’s economy. In a strategic move, BMW stated, it will be investing $1.17 billion (1 billion euros) for a new car factory in eastern Hungary. The move is likely to add… Read More ›
Strategy
Ralf Brandstaetter to be named as VW’s Chief Operating Officer
Ralf Brandstaetter will assume the new role in addition to his existing responsibilities. On Tuesday, German daily Bild reported citing a source familiar with the matter at hand as saying, Volkswagen, Europe’s biggest carmaker, is likely to name Ralf Brandstaetter… Read More ›
Solar panel glut leading to more cost effective installations globally
The glut has not only significantly diluted the impact of Trump’s tariffs but has also led to solar panel makers consolidating and expanding their market footprints through volume rather than margins. In recent weeks, the steep decline in the prices… Read More ›
British auto industry will face significant disruption in case of a cliff-edge Brexit
The Society of Motor Manufacturers and Traders (SMMT) has made it amply clear to the British government that a no-Brexit deal is not an option. On Tuesday, Britain’s automobile industry group made it lucidly clear to the government that a… Read More ›
Alibaba’s Ele.Me Wants Leadership Position In Chinese Online Food Delivery Market
The Chinese food-delivery market is likely to see a direct fight between Chinese e-commerce giant Alibaba and tech giant Tencent. The former is reportedly setting aside hundreds of millions of dollars which it intends to put to use this summer… Read More ›
EU Warned By UK Of Tit-For-Tat Steps On Financial Sector Post Brexit
If the European Union does not change its stance on the City of London after Brexit, then there could be regulations for about 7,000 European-based investment funds which depend on British clients for their cash and profits, warned the UK negotiators… Read More ›
Caterpillar Beats Market Estimates For Q2, Increases 2018 Profit Outlook
Caterpillar Inc beat market expectations on earnings for the results in the second quarter driven by a good demand in the global equipment market. The company also upgraded its profit outlook for the complete the year. An adjusted profit of… Read More ›
US Steel Industry Feeling Elated With The Trump Trade Tariffs
An 18 per cent increase in prices resulted in record revenues for US frim Reliance Steel & Aluminum (RS). At the same time, the second best quarter in its history was recorded by another US firm Nucor (NUE). “All in… Read More ›
Forex investors and analysts awaiting key decisions by central banks, set for this week
The forex market promises to be turbulent in the near term. On Monday, with investors shying away from taking any big position ahead of the central bank monetary policy meetings this week, currencies in the forex market stuck to familiar… Read More ›
Sky TV Poll shows majority of British voters think Brexit would be bad for the country’s economy
The nationally representative sample throws light on what British voters want out of the Brexit deal. On Monday, as per the results of a Sky TV poll, 50% of British voters support a referendum for choosing between leaving the European… Read More ›
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