The part sale of GE’s lighting business, which can be traced back to Thomas Edison who co-founded the company more than a century ago, is just the first of many steps to shred-off its non-core assets and focus on just… Read More ›
Europe
SEC questions Credit Suisse on the closure of its VelocityShares product
Along with the SEC, Switzerland’s Financial Market Supervisory Authority has also stated it is in contact with Credit Suisse regarding the closure of its product. On Tuesday, a report by the Wall Street Journal stated that the U.S Securities and… Read More ›
Qingdao Haier Co Ltd likely to launch D-shares in Frankfurt
Through the launch of these D-shares at the infant Frankfurt-based China Europe International Exchange (CEINEX), Chinese companies are expanding their foothold in Europe and flanking the U.S., where the Trump Administration, increasingly aware of China’s designs, is taking steps to… Read More ›
Global stock sell-off wipes out $4 trillion from market capitalization
Facing a downturn in market conditions, investors are pouring into other assets, such as forex. Stock markets across the globe, tread downwards for a fourth consecutive days wiping out $4 trillion from the market which had peaked just eight days… Read More ›
Altice NV to spinoff US business, simplify operations
Analysts view the move as largely benefiting the conglomerate since it essentially assigns economic values to two distinct business verticals, de-linking its European operations with that of its U.S. business and at the same time boost liquidity. In a strategic… Read More ›
China’s Belt and Road initiative cannot be a one way road
Despite Beijing’s sweet coated words on its strategic Belt and Road project which will transport precious fuel and resources to its hungry industries, the project, key to Xi’s legacy, is viewed with suspicion by many countries across the globe, including… Read More ›
European Commission launches anti-subsidy probe against Chinese exporters
China’s strategy of excessive production and dumping what it cannot domestically consume on its trade partners has widespread ramifications for domestic producers; already being probed by the United States, the investigation by the European Commission is the latest scrutiny of… Read More ›
China-based Lynk & Co to piggybacking on Volvo to launch its brand of cars
The strategy to gain valuable experience from Volvo’s assembly line before launching its own production in its plant is likely to be a strategic decision taken by Lynk & Co and taps strategic resources – China’s financial clout, the strength… Read More ›
Collapse of 3-way negotiations in Germany will have widespread economic consequences for Europe
With major issues facing Germany and the European Union at this critical juncture in history, it is critical that Germany maintains a stable economic outlook. On Monday, German Chancellor Angela Merkel stated, her efforts at forming a three-way coalition has… Read More ›
Looks like Britain is in a hurry to lose its financial clout
Cultivated and cultured for decades, Britain has since long been a center for finance for the world over. If its nonchalant unpreparedness that it has demonstrated in the Brexit negotiations so far is of any clue, it risks losing its… Read More ›
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