Category: Business

New Cars Planned for Cancelled Geneve Autosalon
4. 3. 2020 No Responses

New Cars Planned for Cancelled Geneve Autosalon

Aston Martin V12 Speedster Engine V12 5.2 litres 700 HP, RWD, Max speed 300 km/h. Only 88 copies – limited edition. Prices starts at 765,000 pounds.   Hispano Suiza Carmen Boulogne (limited edition) Two electric engines, combined power 1.115 HP...
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Chevron Plans to Return $80 Billion to Shareholders Over Five Years
3. 3. 2020 No Responses

Chevron Plans to Return $80 Billion to Shareholders Over Five Years

As era of oil is gradually ending, Chevron on Tuesday revealed plans to pay out as much as $80 billion in dividends and share buybacks over the next five years despite the recent sharp decline in oil prices that inevitably will...
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Markets Crash In Worst Week Since Lehman Event
28. 2. 2020 No Responses

Markets Crash In Worst Week Since Lehman Event

Friday’s market performance has traditionally been the weakest, even during the meltup phase ahead of the recent coronacrash, and as such it will probably not come as a surprise that today’s overnight rout which followed the biggest 6-day correctio...
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French Car Market Hammered 18%, Global Auto Industry In Meltdown
26. 2. 2020 No Responses

French Car Market Hammered 18%, Global Auto Industry In Meltdown

While China may have led the charge in dragging the global automotive industry deeper into recession than it already was pre-coronavirus, equally ugly numbers are starting to pop up in other parts of the world. For instance, the French car...
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UK’s Vodafone and Other Telcos Fight for Survival
24. 2. 2020 No Responses

UK’s Vodafone and Other Telcos Fight for Survival

UK’s Vodafone, Other Telcos Fight for Survival as Indian Government Sends Notice on $20.4 Billion Dues. Vodafone’s global CEO Nick Read said last November that there had been a “very challenging situation for a long time” in India. Almost a...
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Sweden Starts Testing of World’s First Blockchain-Based National Cryptocurrency
21. 2. 2020 No Responses

Sweden Starts Testing of World’s First Blockchain-Based National Cryptocurrency

Stockholm’s move comes amid growing concerns among governments, central banks and even intelligence agencies that cryptocurrencies could pose a major threat to traditional global financial structures and institutions backed by the dollar. Sweden’s Riksbank...
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Morgan Stanley Buys E-Trade For $13 Billion
20. 2. 2020 No Responses

Morgan Stanley Buys E-Trade For $13 Billion

Tired of being outmaneuvered by its formidable longtime rival, Goldman Sachs, Morgan Stanley has epically one-upped the Vampire Squid with a deal to buy E*Trade Financial Corp. in what would be the largest takeover by major US bank since the...
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EU Auto Registrations Plunge Into Abyss
19. 2. 2020 No Responses

EU Auto Registrations Plunge Into Abyss

For months we have been commenting about how the global auto market is mired in recession. Most recently, we have been highlighting how China, one of the world’s largest economies and auto markets, has been exacerbating things with terrible sales numb...
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Franklin Resources To Purchase Legg Mason, Forming $1.5 Trillion AUM Giant
18. 2. 2020 No Responses

Franklin Resources To Purchase Legg Mason, Forming $1.5 Trillion AUM Giant

Franklin Resources To Purchase Legg Mason, Forming $1.5 Trillion Assets Under Management Giant Franklin Resources Inc. announced Tuesday that it has entered into a definitive agreement to acquire Legg Mason, Inc. for $50 per share, or about $4.5 billion, in...
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Alstom is buying Bombardier rail unit for up to $6.7 billion
18. 2. 2020 No Responses

Alstom is buying Bombardier rail unit for up to $6.7 billion

France’s Alstom SA has agreed to buy the rail division of Canada’s Bombardier Inc for up to 6.2 billion euros ($6.7 billion) to create the world’s No. 2 train manufacturer and better take on Chinese leader CRRC Corp. The cash...
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Xiaomi launched Mi 10 and MI 10 PRO with 108 MPix camera
13. 2. 2020 No Responses

Xiaomi launched Mi 10 and MI 10 PRO with 108 MPix camera

The Xiaomi Mi 10 Pro is the Chinese manufacturer’s brand-new high-end device, offering premium specs all around, including Qualcomm’s new top-end Snapdragon 865 chipset and a 6.67-inch Super AMOLED capacitive touchscreen display with FHD+ resolution. In t...
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Airbus steamrolled Boeing with record jet deliveries
13. 2. 2020 No Responses

Airbus steamrolled Boeing with record jet deliveries

Boeing’s European rival Airbus wants to break its own record and bring aircraft deliveries to a new all-time high in 2020, as the American planemaker continues to struggle with the aftermath of the 737 MAX crisis. Airbus’s clients received a...
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T-Mobile Wins Court Approval for $26.5 Billion Sprint Deal
11. 2. 2020 No Responses

T-Mobile Wins Court Approval for $26.5 Billion Sprint Deal

T-Mobile US Inc. won court approval for its $26.5 billion takeover of Sprint Corp., defeating a state-led lawsuit that sought to block the industry-altering wireless deal. Shares of Sprint soared 66% to $7.95. The decision by a district judge in Manhattan...
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Less than 20% of employees expected to return to work in mainland China
10. 2. 2020 No Responses

Less than 20% of employees expected to return to work in mainland China

Less than 20% of Chinese factory employees would return to work after an extended Lunar New Year break due to the coronavirus outbreak, and many components plants in China have decided not to restart production until February 25 despite being...
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Phillipines’ Duterte to Order Termination of Defence Agreement With United States
8. 2. 2020 No Responses

Phillipines’ Duterte to Order Termination of Defence Agreement With United States

Since his election in 2016, President Rodrigo Duterte has reshaped the relationship between the Philippines and the United States: in late January 2019 he reportedly threatened to end a 1999 military agreement with Washington after it cancelled a tourist visa....
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