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Home2018October

Month: October 2018

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Business News

Wall Street set for strong open on deal to replace NAFTA

October 1, 2018 admin Comments Off on Wall Street set for strong open on deal to replace NAFTA

Wall Street was set to open higher on Monday after the United States and Canada clinched a last-minute deal to save NAFTA as a trilateral pact with Mexico, raising hopes for progress in talks with other countries at the start of the fourth quarter.

…read more […]

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Business News

Philip Morris sues South Korea over e-cigarette info disclosure

October 1, 2018 admin Comments Off on Philip Morris sues South Korea over e-cigarette info disclosure

Philip Morris Korea Inc. said on Monday it has filed a lawsuit against the South Korean government, demanding the disclosure of information on a recent test that concluded electronic cigarettes contain harmful substances.

…read more […]

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Business News

GE’s Flannery steps down as CEO, shares jump 15 percent

October 1, 2018 admin Comments Off on GE’s Flannery steps down as CEO, shares jump 15 percent

General Electric Co Chief Executive Officer John Flannery abruptly stepped down on Monday just over a year after taking the role, and the company announced a $23 billion charge related to its struggling power business.

…read more […]

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Electric cars cast growing shadow on profits

October 1, 2018 admin Comments Off on Electric cars cast growing shadow on profits

Electric cars are poised to arrive en masse in European showrooms after years of hyped concept-car launches and billions in investment by automakers and suppliers.

…read more […]

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OPEC oil output boost in September limited by Iran losses: Reuters survey

October 1, 2018 admin Comments Off on OPEC oil output boost in September limited by Iran losses: Reuters survey

OPEC delivered only a limited increase in oil production in September, a Reuters survey has found, as a cut in Iranian shipments due to U.S. sanctions offset higher output in Libya, Saudi Arabia and Angola.

…read more […]

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Pfizer replaces longtime CEO Read with veteran Bourla

October 1, 2018 admin Comments Off on Pfizer replaces longtime CEO Read with veteran Bourla

Pfizer Inc on Monday named operating chief Albert Bourla as its next chief executive officer, replacing Ian Read who held the top post at the drugmaker for the last eight years.

…read more […]

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GE CEO John Flannery steps down

October 1, 2018 admin Comments Off on GE CEO John Flannery steps down

General Electric Co Chief Executive Officer John Flannery stepped down on Monday after a year in charge as the company announced a $23 billion charge related to its power business.

…read more […]

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Business News

Trump hails ‘historic’ Canada, Mexico trade pact

October 1, 2018 admin Comments Off on Trump hails ‘historic’ Canada, Mexico trade pact

Donald Trump on Monday praised Canada’s entry into a reworked NAFTA pact with the United States and Mexico after the two countries forged a last-minute agreement to salvage the trilateral trade accord, delivering a key win for the U.S. president.

…read more […]

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Futures point to gains on deal to replace NAFTA

October 1, 2018 admin Comments Off on Futures point to gains on deal to replace NAFTA

U.S. stock futures pointed to a rise on Monday after the United States and Canada clinched a last minute deal to save NAFTA as a trilateral pact with Mexico, boosting hopes for progress in talks with other countries at the start of the fourth quarter.

…read more […]

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Business News

U.S. housing market faces ‘5-percent’ test

October 1, 2018 admin Comments Off on U.S. housing market faces ‘5-percent’ test

The U.S. housing market, already struggling with tight inventory and rising building costs, faces a fresh headwind as 30-year mortgage rates rise close to the 5 percent threshold for the first time in years.

…read more […]

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Pfizer CEO to step down

October 1, 2018 admin Comments Off on Pfizer CEO to step down

Pfizer Inc said on Monday its Chief Executive Officer Ian Read would step down at the start of next year.

…read more […]

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Trump welcomes Canada’s entry into trade pact with U.S., Mexico

October 1, 2018 admin Comments Off on Trump welcomes Canada’s entry into trade pact with U.S., Mexico

U.S. President Donald Trump on Monday praised Canada’s entry into a reworked trade deal with the United States and Mexico after the two countries forged a last-gasp agreement on Sunday to salvage the NAFTA.

…read more […]

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Business News

Qatar Airways upgrades part of A350 order to biggest model

October 1, 2018 admin Comments Off on Qatar Airways upgrades part of A350 order to biggest model

Qatar Airways said on Monday it was upgrading five of its Airbus A350 jets on order to the largest model, in a boost for the European planemaker’s largest twin-engined jet.

…read more […]

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Business News

Marriott International to increase its Africa hotels by 50 percent by 2023

October 1, 2018 admin Comments Off on Marriott International to increase its Africa hotels by 50 percent by 2023

Marriott International plans to increase its hotels in Africa by 50 percent in the next five years, opening new facilities in markets where it already operates and venturing into new ones like Mozambique, the company said on Monday.

…read more […]

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Fast and serious: Vietnam’s first domestic car manufacturer bets big

October 1, 2018 admin Comments Off on Fast and serious: Vietnam’s first domestic car manufacturer bets big

At a time when auto companies in the developed world are facing a squeeze on their profits from cash-rich tech firms, Vietnam is betting car-making can be a ticket t o a more prosperous economy, just as it was for the likes of Japan and South Korea.

…read more […]

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