Recent Posts - page 435

• Fashion retailer Inditex returns to profit in Q2

  By admin1 on September 16, 2020 • ( 0 )

  

  Zara’s owner, Inditex, a fashion retailer, has reported quarterly profits in the three months from May to July even as Wuhan corona virus-wary consumers stayed away from city center shopping districts; sales however were down by 31%, compared to the… Read More ›

• WTO’s ruling on U.S.-China trade war, underpins U.S. arguments for reforming trade body

  By admin1 on September 16, 2020 • ( 0 )

  

  In a significant development, the World Trade Organization found that U.S. trade tariffs on China were in breach of global trading rules. In a statement, the Trump administration said, its more than $200 billion trade tariffs on China was justified… Read More ›

• Swiss private bank Julius Baer negotiating multi-millions fines with DoJ

  By admin1 on September 16, 2020 • ( 0 )

  

  On Wednesday, in a statement Swiss private Julius Baer said, it is in advanced negotiations with the U.S. Department of Justice over alleged money laundering and corruption involving FIFA; the development is likely to lead to a double-digit million U.S…. Read More ›

• JPMorgan adds 6 new members to operating committee, including 1 black and a Latino

  By admin1 on September 16, 2020 • ( 0 )

  

  In an internal memo, JPMorgan Chase & Co’s Chief Executive Officer Jamie Dimon said, it is adding 6 new members to its operating committee. The addition includes Teresa Heitsenrether, the global head of securities services, Thasunda Brown Duckett, chief executive… Read More ›

• World’s Top Polluters Should Support Target For Net-Zero Emissions, Demands Investors That Manage $47tn Assets

  By admin2 on September 15, 2020 • ( 0 )

  

  The biggest corporate polluters of the world should support strategies that are aimed to reach net-zero emissions, demanded a group that represents investors that collectively manage more than $47tn in assets. The group said that if the demand is not… Read More ›

• ECB’s Lagarde Urges EU Governments To Spend Heavily

  By admin2 on September 15, 2020 • ( 0 )

  

  According to the European Central Bank President Christine Lagarde, it is important for the various governments of the euro zone to continue to spend heavily in order to engineer a revival of the region’s economy from the historic recession that… Read More ›

• Regulators preparing to impose costs on Citigroup for failing to improve risk-management systems

  By admin1 on September 15, 2020 • ( 0 )

  

  In a report the Wall Street Journal said, federal regulators are preparing to impose a fine on Citigroup Inc for failing to improve its risk-management systems, With the news reaching the market, Citi’s shares fell by 3.3%. According to the… Read More ›

• Mexico unveil’s world’s first sovereign bond linked to UN’s sustainability development goals

  By admin1 on September 15, 2020 • ( 0 )

  

  In a world first, Mexico has issued the world’s first sovereign bond linked to the sustainability development goals set by the UN, in a development that sees it raising $889.73 (750 million euros). In a statement Mexico’s Deputy Finance Minister… Read More ›

• Berkshire Hathaway-owned BNSF Railway appoints Kathryn Farmer as president and CEO

  By admin1 on September 15, 2020 • ( 0 )

  

  In a statement, BNSF Railway, one of the biggest railroad operators in Northern America, said it has appointed Kathryn Farmer as its CEO. She will be replacing Carl Ice, who has been at the company’s helm since 2013. Incidentally, BNSF… Read More ›

• China launches anti-subsidy probe into U.S. import of glycol ethers

  By admin1 on September 14, 2020 • ( 0 )

  

  On Monday, in a development that will further escalate U.S.-China tensions, China’s commerce ministry stated, it has launched an anti-subsidy probe into some glycol ethers imports from the U.S. starting from September 14. The development comes in the wake of… Read More ›

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