Month: January 2019

Boeing Earnings, Outlook Smash Expectations
30. 1. 2019 No Responses

Boeing Earnings, Outlook Smash Expectations

Boeing’s stock rockets, to give a 150-point boost to the Dow’s price. Boeing shares soared more than 6%, and are set to take out all time highs of $392 after reporting earnings that smashed expectations and unveiling guidance that was...
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Volkswagen is close to hiring banks for Truck Unit IPO
30. 1. 2019 No Responses

Volkswagen is close to hiring banks for Truck Unit IPO

German Volkswagen AG is supposedly close to hiring banks and advisers to work on an IPO (initial public offering) for its heavy-truck division. Citigroup Inc., Deutsche Bank AG, Goldman Sachs Group Inc. and JPMorgan Chase & Co. are likely to...
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PG&E Files For Bankruptcy Protection With $50 Billion In Debt
29. 1. 2019 No Responses

PG&E Files For Bankruptcy Protection With $50 Billion In Debt

In what’s expected to be one of the most complicated bankruptcies in recent memory thanks to the involvement of indignant state and federal regulators, activist shareholders, worried bond holders and angry fire victims, PG&E has officially filed for ...
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Eurozone banks stop issuing €500 notes, although cash-loving Germany delays
28. 1. 2019 No Responses

Eurozone banks stop issuing €500 notes, although cash-loving Germany delays

Germans love their cash and many were not happy when the European Central Bank decided to stop issuing the €500 note. As the rest of the eurozone says goodbye, Germany is delaying its final farewell until April. Central banks in...
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Tata group is India’s most valuable brand
28. 1. 2019 No Responses

Tata group is India’s most valuable brand

At $19.5 billion, Tata group is India’s most valuable brand. The value of the brand Tata has soared 37 per cent to $19.5 billion in 2019, helping the conglomerate break into the top-100 in a global brands list. The salt-to-software...
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Honeywell And Pipistrel Collaborate On Aircraft Technologies
27. 1. 2019 No Responses

Honeywell And Pipistrel Collaborate On Aircraft Technologies

Honeywell And Pipistrel Collaborate On Aircraft Technologies For Urban Air Mobility Honeywell and Pipistrel combine aerospace expertise to address the technical, regulatory and business challenges of the emerging on-demand mobility market. Honeywell (NYSE: HO...
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German expert panel agrees on 2038 deadline to end coal use
26. 1. 2019 No Responses

German expert panel agrees on 2038 deadline to end coal use

In a pioneering move, a government-appointed panel on Saturday recommended that Germany stop burning coal to generate electricity by 2038 at the latest, as part of efforts to curb climate change. The so-called Coal Commission reached agreement in the early...
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Goldman Sachs, Morgan Stanley asked to cancel trades after $58 billion flash crash
26. 1. 2019 No Responses

Goldman Sachs, Morgan Stanley asked to cancel trades after $58 billion flash crash

Goldman Sachs and Morgan Stanley asked some counterparties to cancel or amend trades in Jardine Matheson Holdings Ltd, after a $US41 billion ($SG58 billion) flash crash on Thursday saw shares change hands far below the market level, according to people...
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Removing defunct oil and gas rigs in the North Sea could cost UK taxpayers £24 Billion
25. 1. 2019 No Responses

Removing defunct oil and gas rigs in the North Sea could cost UK taxpayers £24 Billion

NAO report reveals cost of removing hundreds of North Sea wells, rigs and pipelines British taxpayers face a £24 Billion bill for tax relief awarded to oil and gas companies removing hundreds of North Sea wells, rigs and pipelines, the...
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Hyundai Motor suffers first net loss in 8 years as China sales skid 23%
24. 1. 2019 No Responses

Hyundai Motor suffers first net loss in 8 years as China sales skid 23%

Hyundai Motor Q4 net loss 129.8 Billion won vs profit expected Company’s China vehicle sales slide 23% in Q4 Analysts skeptical of strong Hyundai earnings recovery this year South Korea’s Hyundai Motor surprised the market on Thursday by posting it...
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Salesforce CEO calls artificial intelligence a ‘new human right’
24. 1. 2019 No Responses

Salesforce CEO calls artificial intelligence a ‘new human right’

Artificial intelligence is a “new human right” that everyone should have access to, Salesforce CEO Marc Benioff said at the World Economic Forum in Davos on Wednesday. Otherwise, “those with access to A.I. will be smarter, healthier, and rich...
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South Korea retained the global crown in the 2019 Bloomberg Innovation Index
23. 1. 2019 No Responses

South Korea retained the global crown in the 2019 Bloomberg Innovation Index

South Korea retained the global crown in the 2019 Bloomberg Innovation Index, though improvements by Germany in research and education brought Europe’s largest economy to near-parity in the annual ranking. The U.S. moved up to eighth place, a year after...
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1,500 Private Jets To Descend On Davos This Week, Up 50% From Last Year
21. 1. 2019 No Responses

1,500 Private Jets To Descend On Davos This Week, Up 50% From Last Year

Some would call it ironic, others hypocritical but whatever your level of cynicism, here are the facts: as its top global risks for 2018 and 2019 in terms of likelihood, this year’s billionaire boondoggle at the World Economic Forum in...
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Oxfam: The top 26 billionaires own $1.4 trillion – as much as half other people
21. 1. 2019 No Responses

Oxfam: The top 26 billionaires own $1.4 trillion – as much as half other people

  The world’s 26 richest people own the same wealth as the poorest half of humanity, according to Oxfam International, as it urged governments to rise taxes on the wealthy to fight soaring inequality. Billionaires around the world, who have...
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UN: Global FDI skids 19% on Trump tax reform
21. 1. 2019 No Responses

UN: Global FDI skids 19% on Trump tax reform

Global foreign direct investment (FDI) fell 19% last year to an estimated $1.2 trillion, largely due to by US President Donald Trump’s tax reforms, the United Nations trade and development agency UNCTAD said today. FDI comprises cross-border mergers and...
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