In an unprecedented move to clamp down on financial flows with the country’s unruly neighbor, China’s biggest banks have banned North Koreans from opening new accounts. They had imposed a freeze on new accounts for North Korean people and companies,… Read More ›
Strategy
Rescue workers congregate to help restore power in Florida
With electric utilities being severely affected by hurricane Irma, rescue workers, including some from far away California, are chipping in to restore power. More than million people have been affected by power cuts in Florida. As per local electric utilities,… Read More ›
Risk managers in demand in European banks
With financial institutions expanding their European operations following Brexit, the market for risk managers has become highly competitive. Faced with an increased likelihood of financial companies exiting Britain, regulators in Europe have begun hiring risk specialists to prepare for the… Read More ›
Post Brexit custom checks could cost Britain north of $5.28 billion
A report prepared by the Institute underscores the needs for stability for British businesses and highlights potential pitfalls. As per the report of a think tank that was released on Monday, the introduction of post-Brexit customs checks could cost traders… Read More ›
Scrutiny Of Pratt’s Balky New Engines On Airbus Jets Stepped Up By India
As the U.S. manufacturer tries to overcome glitches that have grounded some AirbusSE planes, regulators in India are stepping up scrutiny of Pratt & Whitney’s new jet engines. Civil Aviation Minister Ashok Gajapathi Raju said in an interview in New Delhi… Read More ›
In Indian Media Push, Amazon And Netflix Fight Each Other
Proof of a rising foreign presence in India’s fast-growing online entertainment business is the drama series Inside Edge, launched by Amazon to rave reviews in June. In the hope of capitalising on the explosive recent growth in smartphone penetration and… Read More ›
Schlumberger NV betting big money on oil and gas projects
Its new business model involves the company in decision making capacptity throughout the oilfield management supply chain, thus sparking interest in its rivals who are wondering whether to follow suit. In a significant development, Schlumberger NV, the world’s largest oilfield… Read More ›
A strong Euro could complicate matters for the European Central Bank
Despite the ECB’s concerns, the Eurozone’s economic performance has been stellar this year – its best since the end of the financial crisis. In the wake of the European Central Bank’s policy meeting providing short term optimism to the euro,… Read More ›
The largest pension fund in the U.S. is looking to outsource its private equity business to BlackRock
The move could potentially minimize the high fees that CalPERS pays to its asset manager for managing its private equity and boost the return of its investments. According to a source familiar with the matter at hand, Incidentally, California Public… Read More ›
Chinese logistics company launches U.S. IPO to consolidate and expand its operations in China
Existing shareholders, including Goldman Sachs Group, will be offloading their stake in the IPO. Backed by Alibaba Group, a Chinese logistics company called Best Inc, has launched its IPO in the U.S. in the hope of moping up up to… Read More ›