Recent Posts - page 254

• Chinese real estate market in dire straits

  By admin1 on January 13, 2022 • ( 0 )

  

  All is not well with China’s economy. Cash-strapped Chinese developers are scrambling to negotiate new terms with their bondholders to avoid defaults, with Yuzhou Group and the Shimao Group being the latest case in point of Chinese developers seeking extensions on their… Read More ›

• Benefits of digital pound can be achieved by alternative means with fewer risks: Economic Affairs Committee Chair Michael Forsyth.

  By admin1 on January 13, 2022 • ( 0 )

  

  On Thursday British lawmakers warned, a digital pound which will be used by consumers is likely to affect the country’s financial stability, erode privacy and raise the cost of credit. The digital pound would need greater appraisal before its widespread… Read More ›

• Mercedes-Benz gains lead in India with domestic assembling while Tesla continues to work on challenges

  By admin1 on January 13, 2022 • ( 0 )

  

  In a tweet Tesla’s CEO Elon Musk said, it is “still working through a lot of challenges with the government” in India, in response to a question on a potential launch date for its electric cars in the country. Last… Read More ›

• TSMC’s quarterly net profits touch record high of 6.01 billion

  By admin1 on January 13, 2022 • ( 0 )

  

  Taiwanese chip giant TSMC posted a 16.4% rise in quarterly profit on the back of heightened global demand for semiconductors with the Coronavirus induced COVID-19 pandemic driving up demand for chips creating a supply crunch. Although the global chip crunch… Read More ›

• WeRock NV files for IPO, seeks listing on Amsterdam’s Euronext stock exchange

  By admin1 on January 13, 2022 • ( 0 )

  

  In a statement, WeRock NV, the owner of the WeTransfer file transfer service said, it is seeking to file for an initial public offering (IPO) of shares which will be listed on Amsterdam’s Euronext stock exchange. In its offer letter,… Read More ›

• Citi’s Strategy Of Revamping To See It Exit The Mexican Consumer Business

  By admin2 on January 12, 2022 • ( 0 )

  

  Citigroup Inc has announced that it will close its Citibanamex consumer banking operation in Mexico, ending a 20-year retail presence in the country that was the last of the bank’s overseas consumer businesses. Citigroup’s decision to sell or spin off Citibanamex,… Read More ›

• SoftBank-backed cryptocurrency exchange 2TM acquires Portugal based crypto exchange CriptoLoja

  By admin1 on January 12, 2022 • ( 0 )

  

  In a statement, Softbank-backed 2TM, which runs Latin America’s biggest cryptocurrency exchange Mercado Bitcoin said, it will acquire a controlling stake in Lisbon-based crypto exchange CriptoLoja. 2TM declined to disclose the terms of the purchase saying the deal is pending… Read More ›

• British Trade Minister Anne-Marie Trevelyan arrives in India to secure post-Brexit trade deals

  By admin1 on January 12, 2022 • ( 0 )

  

  On Wednesday, British Trade Minister Anne-Marie Trevelyan arrived in India in an effort to boost economic ties between the two countries. The development marks Britain trying to sign trade deals after its departure from the European Union – the world’s… Read More ›

• Exxon Mobil intensifies US shale gas asset sales

  By admin1 on January 12, 2022 • ( 0 )

  

  Exxon Mobil has launched the sale of its shale gas properties underscoring growing intents to divest its U.S. assets. Excon, a top U.S. oil producer, has placed 61 wells that produced nearly 81 million cubic feet per day equivalent (mmcfd) of… Read More ›

• German trade body warns of temporary disruption to supply chain by Omicron

  By admin1 on January 12, 2022 • ( 0 )

  

  On Wednesday, Germany’s BGA trade association warned of massive disruption of supply chains following the rapid spread of the highly infectious Omicron variant of the coronarvirus, while saying, long-term disruption to supply chains is unlikely. A wide range of German… Read More ›

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