Investor appetite in commodity-linked currencies is thin midst the series of body blows from the U.S. that is acting as shock waves to global trade. On Monday, a rally in the Euro gave way to the dollar, which edged up,… Read More ›
Strategy
SEC completes investigation into Toshiba’s past accounting practices, no fines levied
This brings a closure to Toshiba’s 2015 accounting scandal. On Monday, is what is likely to be a huge sign of relief for Japan’s Toshiba Corp, the conglomerate disclosed that the U.S Securities and Exchange Commission (SEC) had completed its… Read More ›
Softening Stance Of Iran Raises Hope Of Opec Raising Oil Output
For Saudi Arabia and non-OPEC Russia, it has almost become a near-consensus proposal that oil production would be increased by about 1 million bpd, or around 1% of the global oil supply. Apparently, Saudi Arabia has been able to convince… Read More ›
EU Response to U.S. trade tariffs will bring increased clarity
The EU is likely to go in for a negotiated settlement in its trade tariffs spat with the U.S. On Friday, a spokeswoman for Germany’s economy minister stated, a negotiated solution will be sought to the EU-US trade tariffs and… Read More ›
Banks are to report suspicious transfers by JVs with North Korea: Japan’s Financial Services Agency
The move is aimed at ensuring Japanese lenders comply to norms prescribed by the Financial Action Task Force which will review Japanese lending practices in 2019. A critical report will place Japanese lenders out of the global banking network. On… Read More ›
A no-Brexit deal will force Airbus to reconsider its presence in the U.K
Airbus sources wings for all of its commercial aircrafts from the UK. In the short term, a no-Brexit deal will impact its lead times and waiting lists for deliveries. In what is likely to be one of Airbus’ strongest warning… Read More ›
Casino teams up with L’Oreal as the duo ramp up their market presence to fight Amazon.com
Amazon.com’s acquisition of Whole Food Market Inc in 2017 have spurred spurred European retailers to boost their online offering so as to be in a better position to fight the world’s world’s largest online retailer. In a development that marks… Read More ›
IBM’s AI Powered Machine Is Able To Convincingly Argue With Humans
In what is being described as a pathbreaking evidence of the role the artificial intelligence can play, a IBM’s Project Debater spoke, listened and rebutted a human’s arguments in a recent event in San Francisco, US. The computer was given… Read More ›
Ikea Has Big Plans For India As It Opens Stores Following Regulatory Relaxation
For John Achillea, who used to manage a footfall of 1.6 million visitors a year at an Ikea store in St. Louis, Missouri, moving to India has changed in entire perspective. Achillea, who has bene working with Ikea since 1996,… Read More ›
UN Chief Says Stronger EU, “Fair Globalization” Is Needed By The World
The world would need a stronger and “more intervening” European Union, believes UN Secretary General Antonio Guterres. The European Union is “missing action” in a number of areas where it is needed by the UN and others, Guterres said while… Read More ›
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