Recent Posts - page 616

• U.S. sanctions on metals exports against international commitments: Iran

  By admin1 on May 9, 2019 • ( 0 )

  

  U.S. President Donald Trump is clamping down on Iran’s export revenue streams so as to force it to change its political stance on Israel. On Thursday, a spokesman for Iran’s foreign ministry stated, U.S. sanctions on its metals are against… Read More ›

• Kraft Heinz launches sale of its baby food brand Plasmon

  By admin1 on May 9, 2019 • ( 0 )

  

  Plasmon is best known for its baby biscuits made with powdered milk, minerals and vitamins. Kraft Heinz is selling the Italy-focussed brand in order to cater to other brands in its basket which have more of a global each. On… Read More ›

• BlackRock pulls out from rescue bid for Italian bank Carige

  By admin1 on May 9, 2019 • ( 0 )

  

  Although neither BlackRock nor Carige gave a reason for the pullout, sources say BlackRock’s reasons include excessive risks. On Thursday, U.S. asset manager BlackRock stated, it has pulled out of a proposed rescue of Italian bank Carige, which raises the… Read More ›

• Standard Chartered likely to face shareholder revolt over CEO pay package

  By admin1 on May 8, 2019 • ( 0 )

  

  Standard Chartered wants to pay its CEO 474,000 pounds in pension allowance, in addition to a fixed salary in cash as well as shares worth 2.4 million pounds. On Wednesday, in a development that marks the latest revolt over bosses… Read More ›

• Christian Meunier resigns from Nissan Motor’s premium Infiniti division

  By admin1 on May 8, 2019 • ( 0 )

  

  Christian Vandenhende, Nissan Motor’s chief quality officer, will now lead the Infiniti division until a new head is announced. In a statement, Nissan Motor Co said, its premium Infiniti division will soon announce a new acting global head for its… Read More ›

• BMW takes steps to mitigate escalating U.S.-China trade war

  By admin1 on May 8, 2019 • ( 0 )

  

  BMW’s strategic decision comes in the wake of U.S. President Donald Trump raising the stakes for China in the trade war by saying he is willing to slap tariffs on Chinese exports to the U.S. worth $200 billion. BMW’s Chief… Read More ›

• BMW does not currently aim to take a stake in Daimler: CEO

  By admin1 on May 7, 2019 • ( 0 )

  

  Although both carmakers are holding exploratory talks on ways to deepen their alliance in the area of autonomous vehicles, taking a stake in rival Daimler is not currently part of its playbook. On Tuesday, BMW’s Chief Executive Harald Krueger made… Read More ›

• Deutsche Lufthansa to make non-binding bid for Thomas Cook’s Condor

  By admin1 on May 7, 2019 • ( 0 )

  

  Although Lufthansa’s bid includes an option to purchase the remaining airlines of Thomas Cook, Carsten Spohr, Lufthansa’s CEO however stated, it is unlikely that this will be allowed given antitrust regulations. On Tuesday, Lufthansa’s Chief Executive Officer, Carsten Spohr stated,… Read More ›

• UK Economy Being Pegged Back By ‘Zombie Firms’: KPMG Analysis

  By admin2 on May 6, 2019 • ( 0 )

  

  A new research report from KPMG has claimed that one of the reason for the slackening of the United Kingdom economy is the increasing number of underperforming “zombie firms”. The report has also said that such companies are also a… Read More ›

• IKEA France to invest $448 million to expand its footprint in Paris

  By admin1 on May 6, 2019 • ( 0 )

  

  IKEA France opened its first brick-and-mortar store in the Madeleine district of Paris.It plans on expanding its footprint with more new stores while at the same time allow consumers to shop for furniture online. On Monday, IKEA France’s chief executive… Read More ›

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