Business – Page 35 – PressClub World

25. 5. 2020 No Responses

Sinking Lufthansa agrees to $10 Billion state rescue package

After weeks of “intensive negotiations” between Berlin and Germany’s flagship carrier Lufthansa, an agreement has been reached on €9 billion state bailout aid. As part of the deal, the government will take a 20 percent stake in Lufthansa, as well as...

24. 5. 2020 No Responses

Top 12 Oil Majors Book $20.6 Billion Loss In 1Q

The 12 largest listed oil companies in the world booked a combined net loss of US$20.6 billion for the first quarter this year, compared to a collective net income of US$23.4 billion for Q1 2019, according to estimates of Anadolu...

23. 5. 2020 No Responses

Nissan Considers Slashing 20,000 Jobs Worldwide

Nissan scientists and management have known for 3 years what the future of cars will look like. They also know that the day of reckoning has approached. Briefly: The future of cars will look a little different than what the design...

22. 5. 2020 No Responses

JP Morgan warns: Transparent Currencies Could Threaten US Geopolitical Power

JPMorgan’s head of of U.S. interest-rate derivatives strategy Josh Younger and chief U.S. economist Michael Feroli – wrote: “This revolves primarily around U.S. dollar hegemony. Issuing the global reserve currency and the medium of exchange for inte...

21. 5. 2020 No Responses

Morgan Stanley Is The Fifth Of Six Major U.S. Banks To Refuse To Finance Oil Drilling In Arctic

After nine years, the U.S. banks finally know the reason. Morgan Stanley the fifth of six major U.S. banks to announce that they would not fund any future oil drilling in Arctic refuges, bringing the total list of major Arctic drilling divesters...

20. 5. 2020 No Responses

Next-gen Genesis G80 to start at $48,725

The midsize sedan undercuts German rivals with lower pricing, extensive standard equipment, two engine options and a fresh look. The new 2021 Genesis G80 mid-size luxury sedan starts at $48,725 and ranges up to nearly $70,000 when fully loaded. It’s av...

19. 5. 2020 No Responses

“We Print It Digitally”, Powell Vows “Lot More We Can Do”

It took Jerome Powell just two days to confirm what analysts said late on Friday, namely that with the Fed expected to boost QE by over $3 Trillion (assuming Powell doesn’t cut rates negative), the Fed chair said that “there’s...

17. 5. 2020 No Responses

United Airlines Needs 3,000 Of Its 25,000 Flight Attendants

Nothing paints a better picture of how bad things have gotten for the airline industry – and for its working class – than the fact that United Airlines is barely using over 10 percent of its flight attendant staff. The...

14. 5. 2020 No Responses

U.S. Financial System “Warning System” Failed to Flash Warning as Fed Pumped $6 Trillion Emergency Liquidity into Wall Street

The Office of Financial Research (OFR) was created under the Dodd-Frank financial reform legislation of 2010 to keep the Financial Stability Oversight Council (F-SOC) informed on emerging threats that have the potential to implode the financial system — as o...

13. 5. 2020 No Responses

BlackRock Begins Buying Junk Bond ETFs For The FED Today

BlackRock begins buying junk bond ETFs for the FED today and it’s already at work for the Central Bank of Israel. It’s off to the races today for BlackRock. The New York Fed, with authority from the Federal Reserve Board...

12. 5. 2020 No Responses

About The Future of U.S. Shale

A number of analysts is actually talking such hot theme – How U.S. shale can survive the oil crash? The question regarding whether we have reached peak oil demand is a pressing concern for U.S. upstream activity. U.S. tight oil’s current...

11. 5. 2020 No Responses

Apple Is Shifting A Fifth Of iPhone Production From China To India

One reason why the global economy will never be the same after the pandemic is long forgotten, is that supply-chains – which have been in place for decades, taking advantage of China’s cheap labor costs and keeping global inflation in...

8. 5. 2020 No Responses

Class 8 Heavy Duty Truck Orders Crash To 25 Year Low In April

The catastrophe in Class 8 heavy duty truck orders continues. Still struggling with the remnants of an order backlog that started almost two years ago with record orders in August 2018, the industry was unable to find an equilibrium prior...

6. 5. 2020 No Responses

FCA posts $1.9 Billion loss in Q1

Fiat Chrysler Automobiles lost $1.9 billion (1.7 billion euros) in the first three months of 2020 as the Italian-American automaker felt the initial financial sting of the coronavirus pandemic. Despite the loss, the company said it had revenues of $22 billi...

3. 5. 2020 No Responses

Warren Buffett’s Berkshire Hathaway Liquidates All US Airlines Holdings

Berkshire Hathaway had held sizeable positions in the major US airlines, including an 11% stake in Delta Air Lines, 10% of American Airlines, 10% of Southwest Airlines and 9% of United Airlines at the end of 2019, according to its annual report and comp...

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