Business – Page 55 – PressClub World

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...

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...

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...

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...

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...

20. 1. 2019 No Responses

France presses Japan to accept Renault-Nissan merger

Paris informs Tokyo it wants Renault and Nissan to integrate The French government has asked Japan company to accept a possible merger between Renault SA and Nissan Motor Co. following the arrest of Carlos Ghosn, who had managed the alliance...

18. 1. 2019 No Responses

Foxconn Cuts 50,000 Jobs Due To iPhone Sales Slowdown

In the latest indication that the slump in sales of Apple’s most recent batch of iPhones isn’t a transitory trend, Nikkei Asia Review on Friday reported that Foxconn, one of Apple’s biggest and most important iPhone suppliers, is cutting seas...

17. 1. 2019 No Responses

U.K.: Housing market outlook worst ‘for 20 years’

The housing market outlook over the next 3 months is the worst for 20 years, surveyors say. A net balance of 28% of Royal Institution of Chartered Surveyors (RICS) members expect sales to fall in the next 3 months. It’s...

16. 1. 2019 No Responses

New Concepts, New EVs, Toyota Supra 2020 and Shelby GT500 at Detroit Auto Show 2019

SUVs may rule the sales reports, but cars ain’t dead by a long shot. The first day at the 2019 North American International Auto Show in Detroit saw a dozen new vehicles, ranging from the revival of a beloved sport...

15. 1. 2019 No Responses

Collapse Of Global M1 Supply Signals A Big Headache

Every time M1 growth has dipped negative – as central bank liquidity injection either slowed or went into reverse – there has been a financial crisis. Milton Friedman was well aware of the consequences of the decline of M1,...

14. 1. 2019 No Responses

Newmont Mining to buy Goldcorp in $10 billion deal to create world’s largest gold producer

Newmont Mining said it would buy Goldcorp in a deal valued at $10 billion. The deal will create the world’s biggest gold producer by output. Newmont Mining said on Monday that it would buy smaller rival Goldcorp in a...

13. 1. 2019 No Responses

The World’s Largest 10 Economies in 2030

Today’s emerging markets are tomorrow’s powerhouses, according to a recent forecast from Standard Chartered, a multinational bank headquartered in London. The bank sees developing economies like Indonesia, Turkey, Brazil, and Egypt all moving up the lad...

9. 1. 2019 No Responses

$3.5 Trillion A Year – America’s Health Care System

If the U.S. health care system was a country, it would have the fifth largest GDP on the entire planet. At this point only the United States, China, Japan and Germany have a GDP that is larger than the 3.5 trillion...

9. 1. 2019 No Responses

Apples Cuts iPhone Production For Second Time In 2 Months

In the latest batch of bad news for Apple and its suppliers, Nikkei reported late Tuesday that, for the second time in two months, the world’s formerly biggest company has cut production on its newest batch of smartphones (which it unveiled during a...

21. 12. 2018 No Responses

Bubble of Everything Correction Continues

Starting in 2008, central banks created a bubble in sovereign bonds, the bedrock of the current financial system. These bonds represent the “risk free” (if they are not Argentine, Greek, Venezuela or Zimbabwe bonds) rate of return, or the rate...

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