On Monday, Toyota Motor Corp said, it will be extending a suspension of production at its factories in Europe with the exception of Russia until further notice. A restart of operations could potentially start after April 20. Following the Wuhan… Read More ›
2008 models which were used by investment banks during the then financial crisis is back in the works. Investment banks are dusting off those models to gauge the right time to jump back in the stock markets which has fallen… Read More ›
On Tuesday, Volkswagen Group Rus stated, the carmaker will suspend car production in Russia following a supply shortage caused by the Wuhan coronavirus outbreak in Europe. Volkswagen Group Rus will stop production at its Russian plant from March 30 to… Read More ›
On Friday German news magazine Der Spiegel reported German Economy Minister Peter Altmaier as saying, he wants to support pharmaceuticals companies that are dependent for key reagents on imports from Asia in order to rebuild their production sites in Europe…. Read More ›
On Thursday, with China’s coronavirus continuing to spread at its fastest pace outside China, shares continued to plunge downward wiping out more than $3 trillion in value in this week alone. U.S. Treasuries yields also hit their record lows on… Read More ›
On Tuesday, top trade officials from the European Union, the United States, and Japan are set to huddle in Washington to address non-market-oriented trade policies and subsidies by China. According to a spokesman from USTR, U.S. Trade Representative Robert Lighthizer… Read More ›
According to a staff memo that was confirmed by the UBS Group, the Swiss bank is in the process of reorganizing its flagship wealth management business in the Europe, Middle East and Africa region. Christl Novakovic will continue to lead… Read More ›
On Friday. following a U.S. air strike on Baghdad airport which killed a senior Iranian military official, the Japanese yen led other safe-haven assets higher even as the price of crude oil jumped by $3. Gold prices as well as… Read More ›
On Friday, Singapore’s sovereign wealth fund, GIC stated, it had signed a deal to acquire a logistics real estate portfolio from Apollo Global Management’s affiliates for about $1 billion (950 million euros). “The portfolio comprises of 28 logistics assets across… Read More ›
Already hit by falling sales in China, and from the U.S.-China trade war, the automotive industry is going through a turbulent time. On Thursday, an industry body in Britain disclosed, British car production has dropped by an annual 3.8% in… Read More ›
