Recent Posts - page 361

• 2021 revenues and pre-tax profits off to a good start: Daimler AG

  By admin1 on March 31, 2021 • ( 0 )

  

  On Wednesday, German carmaker Daimler AG said, its revenues in 2021 have got off to a good start. This is despite a global shortage of semiconductors plaguing the automobile industry. Daimler now plans on speeding up the shift towards electric… Read More ›

• Payment processing companies including Mastercard ran cartel operation on vulnerable members of society

  By admin1 on March 31, 2021 • ( 0 )

  

  On Wednesday, in a statement Britain’s Payment Systems Regulator said, Mastercard is among five companies which broke the law for cartel behavior; the regulator has alleged that these five companies including, Mastercard, allpay, APS, PFS and Sulion offered pre-paid cards… Read More ›

• ESMA imposes $4.35 million fine on Moody’s for failure to disclose conflicts of interests

  By admin1 on March 30, 2021 • ( 0 )

  

  On Tuesday, the European Union’s markets watchdog, the European Securities and Markets Authority (ESMA) said, it has fined Moody’s $4.35 million (3.7 million euros) for breaching rules which includes failure to disclose conflicts of interests. “All of the breaches resulted… Read More ›

• Japan asks chip equipment makers to help restore Renesas’ production facilities

  By admin1 on March 30, 2021 • ( 0 )

  

  Following a chip plant owned by Renesas Electronic Corp catching fire earlier this month, Japan asked a few Taiwanese manufacturers to cooperate in alternative production of semiconductors, said industry minister Hiroshi Kajiyama. “We are in communication with several manufacturing equipment… Read More ›

• SK Innovation weighing options to withdraw from battery business in US

  By admin1 on March 30, 2021 • ( 0 )

  

  On Tuesday, in a statement South Korea’s SK Innovation Co Ltd said it is considering all options which includes pulling out of its battery business in the United States if U.S. President Joe Biden does not overturn a trade panel’s… Read More ›

• Hyundai Motor Co suspends production due to parts shortage

  By admin1 on March 30, 2021 • ( 0 )

  

  On Tuesday, in a statement South Korea’s Hyundai Motor Co said, production at its Ulsan number one plant in South Korea would be suspended from April 7 to 14 due to supply issues with electrical components and a shortage of… Read More ›

• Global Banks Get Ready For Losses Because Of Crisis At US Investing Firm Archegos

  By admin2 on March 30, 2021 • ( 0 )

  

  The collapse of United States based investment firm Archegos Capital could lead to the global banks to more than $6 billion, according to reports quoting information from sources that are familiar with the trades involving the US firm. There is… Read More ›

• Australian Minster Vows To ‘Vigorously Defend’ Its Wine Industry Against Chinese Tariffs

  By admin2 on March 30, 2021 • ( 0 )

  

  After China imposed huge tariffs on Australian wine, the country has promised to “vigorously defend” its wine industry. This was said by the country’s minister for agriculture, drought and emergency management David Littleproud. China imposed import tariffs of as much… Read More ›

• Tariffs Up To 218% On Australian Wine For 5 Years Imposed By China

  By admin2 on March 29, 2021 • ( 0 )

  

  The trade dispute between China and Australia is set to escalate as Beijing is imposing massive import duties on wines imported to the country from Australia for the next five years. This move threatens to cut off their top export… Read More ›

• Suez Canal Authority Says Partial Floating Of Cargo Ship Blocking The Suez

  By admin2 on March 29, 2021 • ( 0 )

  

  There was a glimmer of hope for the Suez Canal crisis after rescuers managed to partially refloat the stranded giant container ship that is blocking the canal on Monday after it had got stuck in the canal last Tuesday blocking… Read More ›

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