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Home2019

Year: 2019

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Business News

Bankers’ exits and zombie accounts: China’s Shanghai free trade zone sputters

September 2, 2019 admin Comments Off on Bankers’ exits and zombie accounts: China’s Shanghai free trade zone sputters

When China launched the expansion of the Shanghai free trade zone (FTZ) recently and announced six new zones in July, officials touted the efforts to attract foreign investment and deepen trade ties with neighboring countries.

…read more […]

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Business News

VW retains access to U.S. public sector contracts, gets second monitor at HQ: Handelsblatt

September 2, 2019 admin Comments Off on VW retains access to U.S. public sector contracts, gets second monitor at HQ: Handelsblatt

Volkswagen will not be excluded from public sector contracts in the United States but will instead install a second U.S. monitor at its German headquarters, business daily Handelsblatt reported on Monday.

…read more […]

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Business News

Sanctions choke Iran’s crude sales, but oil product exports booming

September 2, 2019 admin Comments Off on Sanctions choke Iran’s crude sales, but oil product exports booming

While U.S. sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports by more than 80%, oil product sales from the Islamic Republic remain strong at nearly $500 million a month, shipping data and Reuters calculations show.

…read more […]

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Business News

VW retains access to U.S. public sector in, gets second monitor at HQ: Handelsblatt

September 2, 2019 admin Comments Off on VW retains access to U.S. public sector in, gets second monitor at HQ: Handelsblatt

Volkswagen will not be excluded from public sector contracts in the United States but will instead install a second U.S. monitor at its German headquarters, business daily Handelsblatt reported on Monday.

…read more […]

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Business News

Wirecard signs cooperation agreement with Softbank’s Brightstar

September 2, 2019 admin Comments Off on Wirecard signs cooperation agreement with Softbank’s Brightstar

Wirecard has signed a memorandum of understanding with Softbank’s Brightstar and anticipates “significant transaction volume” out of the deal, the German fintech announced on Monday.

…read more […]

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Stocks slip as new U.S.-China tariffs add to growth risks

September 2, 2019 admin Comments Off on Stocks slip as new U.S.-China tariffs add to growth risks

Global stock prices fell on Monday after the United States and China imposed new tariffs on each other’s goods, reinforcing investors’ worries over slowing global growth, with no clear end in sight for the trade war.

…read more […]

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Business News

Stocks shiver as new U.S.-China tariffs add to global gloom

September 2, 2019 admin Comments Off on Stocks shiver as new U.S.-China tariffs add to global gloom

Global stock prices fell on Monday after the United States and China imposed new tariffs on each other’s goods, reinforcing investors’ worries over slowing global growth.

…read more […]

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Business News

Banker exits, zombie accounts: China’s Shanghai free trade zone sputters

September 2, 2019 admin Comments Off on Banker exits, zombie accounts: China’s Shanghai free trade zone sputters

When China launched the expansion of the Shanghai free trade zone (FTZ) recently and announced six new FTZs in July, officials touted the efforts to attract foreign investment and deepen trade ties with neighboring countries.

…read more […]

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Business News

Lawyers seek $26 million in Volkswagen U.S. fuel economy settlement

September 2, 2019 admin Comments Off on Lawyers seek $26 million in Volkswagen U.S. fuel economy settlement

Lawyers for owners of 98,000 Volkswagen AG U.S. vehicles that had fuel economy labels that overstated efficiency will ask a U.S. judge for $26 million in attorney’s fees and costs, court documents show.

…read more […]

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Business News

U.S. stock futures fall as new tariffs darken global outlook

September 2, 2019 admin Comments Off on U.S. stock futures fall as new tariffs darken global outlook

Wall Street stock futures weakened in early trade on Monday, setting a dour tone for Asian markets after tit-for-tat tariffs between the United States and China took effect, reinforcing investors’ gloomy expectations for global growth prospects.

…read more […]

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Business News

World of Warcraft nostalgia to boost Activision Blizzard: Barron’s

September 1, 2019 admin Comments Off on World of Warcraft nostalgia to boost Activision Blizzard: Barron’s

The initial reception for a re-launched version of a classic video game points to potential stock price growth of Activision Blizzard Inc, with new titles from key franchises also bolstering the company’s outlook, according to Barron’s.

…read more […]

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Business News

China, U.S. kick off new round of tariffs in trade war

September 1, 2019 admin Comments Off on China, U.S. kick off new round of tariffs in trade war

China and the United States began imposing additional tariffs on each other’s goods on Sunday, the latest escalation in a bruising trade war, despite signs that talks would resume some time this month.

…read more […]

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Business News

China starts to impose additional tariffs on some U.S. goods

September 1, 2019 admin Comments Off on China starts to impose additional tariffs on some U.S. goods

China on Sunday started to impose additional tariffs on some of the U.S. goods on a $75-billion target list, with effect from 0401 GMT.

…read more […]

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Business News

China, U.S. to collect additional tariffs on each other’s goods

September 1, 2019 admin Comments Off on China, U.S. to collect additional tariffs on each other’s goods

China and the United States will begin imposing additional tariffs on each other’s goods on Sunday, the latest escalation in a bruising trade war despite signs talks would resume sometime this month.

…read more […]

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Business News

Philip Green prepares to break up his Arcadia Group: Sunday Times

August 31, 2019 admin Comments Off on Philip Green prepares to break up his Arcadia Group: Sunday Times

Philip Green is preparing to break up his Topshop-to-Dorothy Perkins fashion empire, the Sunday Times reported citing unidentified sources.

…read more […]

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