While GM will shutter its plant at Gunsan by May 2018, it has yet to disclose on the fate of the remaining 3 plants in the country. As part of its voluntary redundancy plan, the South Korean unit of General… Read More ›
Strategy
Donald Trump’s energy source mix features green energy credentials
This report is in stark contrast to expectations and believes that the Trump Administration is only pro-fossil fuels. Here is a shining example of how a self-funded U.S. goverrnment international finance body is helping to promote and fund green energy… Read More ›
China’s yuan could weaken if the Feds stick to 3 interest rate hikes in 2018
The following is a brief outlook on the future of the Chinese yuan against the greenback in 2018. The results of a Reuters poll indicate that the bulk of the gains, the Chinese yuan has so far registered is likely… Read More ›
India’s Punjab National Bank detects fraudulent and unauthorized transactions worth above $1.77 billion at its Mumbai branch
The demonetization of high value notes in India has led to a string of incidents pointing to previously undisclosed transactions in the country. On Wednesday, India’s Punjab National Bank (PNB) stated it has detected “fraudulent and unauthorized” transactions worth more… Read More ›
23,000 UK Properties Are Owned By Foreign Firms Registered In E On Caribbean Island Chain: BBC
A recent analysis conducted by the BBC has revealed that overseas companies and entities tht are registered in the British Virgin Islands are the owners of almost one-fourth of all of the properties in England and Wales. Among them about… Read More ›
Surging Prices Of Cobalt Motivates Samsung SDI To Look To Recycle The Metal From Used Phones
In recent years, there has bene a manifold increase in the price of cobalt and this has prompted one company to seek out the metal from used mobile phones. Cobalt is being planned to be recycled in this manner by… Read More ›
SEC questions Credit Suisse on the closure of its VelocityShares product
Along with the SEC, Switzerland’s Financial Market Supervisory Authority has also stated it is in contact with Credit Suisse regarding the closure of its product. On Tuesday, a report by the Wall Street Journal stated that the U.S Securities and… Read More ›
Australian mining giant BHP Billiton to take a 1 time $1.8 billion tax hit in the U.S.
The one-time tax hit is because of changes made to the U.S. tax code. On Tuesday, Australian mining giant BHP Billiton stated it will incur a $1.8 billion income tax hit due to changes in the income tax rate for… Read More ›
Carl Icahn and Darwin Deason issue open letter opposing Fuji Xerox merger
The activist investors have stated that by itself Xerox still has enormous value for shareholders and that its divestiture to Fujifilm is not justified given the premium offered by the Japanese firm. Xerox Corp’s $6.1 billion deal to divests its… Read More ›
“Anonymous whistleblower” alleges fixing of Wall Street’s Volatility Index
The whistleblower who claims to have held senior roles in the investment sector, has approached the SEC through a law firm. A Washington-based law firm, representing an “anonymous whistleblower” told U.S. financial regulators that they should investigate a scheme that… Read More ›
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