The upcoming summit could potentially sooth strained following Brexit. Ahead of the China-EU summit, Cecilia Malmstrom, the EU’s trade Commissioner, was of the opinion that upcoming planned investment deals could boost the level playing field for European and Chinese companies…. Read More ›
Strategy
Airbus and Boeing both bag further orders at Farnborough Airshow
The order could boost economies growth which is stalling in the wake of Brexit. Despite political uncertainties overshadowing the Farnborough Airshow, Airbus has beaten rival Boeing to bag a big order for 8 to 10 of its biggest twin-engined models…. Read More ›
Lenovo says Wrap Around Wrist Bendy Phone could be a Reality in 5 years
After Lenovo recently showed off a flexible device that can wrap around a user’s wrist, the Chinese technology firm’s head of mobile said that bendable smartphones could be a reality in five years. The concept of CPlus, which has a… Read More ›
JPMorgan Chase & Co likely to move thousands of job across the channel once Article 50 is invoked
As stated earlier by Pro Brexit campaigner Boris Johnson, the British government should fully disclose to its citizens the impact that Brexit will have on their nation in simple economic terms. Britain’s historic decision to leave the European Union could… Read More ›
China’s HNA Group in the lead for the purchase of CIT Group’s plane leasing business
The HNA Group’s interest in this business is due to growing Chinese appetite for air travel. According to sources familiar with the situation, a firm backed by Li Ka-shing, a tycoon from Hong Kong along with China’s HNA Group is… Read More ›
Citigroup consolidating its banking consumer business
This move is designed to cluster its EMEA consumer operations in Asia. According to an internal memo, Citigroup is in the process of merging its consumer banking unit in Europe, Middle East and Africa (EMEA), its largest region for profits,… Read More ›
Andrew Caspersen pleads guilty to $38 million for fraud
Those affected by this fraud include a foundation affiliated with Moore Capital Management, the Park Hill Group, family and friends. Andrew Caspersen the former Wall Street executive has now pleaded guilty of defrauding investors to the tune of $38 million… Read More ›
Brexit clouds Fed’s interest rate hike
One thing is for certain, Brexit will not pull the U.S. economy into a recession. Oil prices, the trend of the greenback and other economic conditions to a great extent behaved to the expectations of the U.S. Federal Reserve, which… Read More ›
Danone set to buy WhiteWave Foods for nearly $10 billion
The deal will enable Danone to target the premium segment with WhiteWave Food’s product offerings. According to a source who is familiar with the matter at hand, the world’s biggest yogurt manufacturer, Danone SA, is said to be in advanced… Read More ›
Chevron led business group set to invest $36.8 billion in Kazakhstan’s Tengiz oil field
Another giant oil project, Kazakhstan’s Kashagan is set to go operational in the 4th quarter of this year. Does this mean oil prices are set to move north? In a move aimed at boosting the local economy, Kazakhstan along with… Read More ›