Business News
HSBC says CEO John Flint to step down
HSBC on Monday said its Chief Executive Officer John Flint, 51, will step down, saying the bank needed a change at the top to address “a challenging global environment.”
Year: 2019
Business News
Fiat Chrysler CEO: We’ll talk alliances, but we can go it alone
Fiat Chrysler Automobiles Chief Executive has a message for Renault SA and other would-be partners: We are happy to talk, but we can go it alone.
Business News
How a shadow banking crisis sent India’s autos sector into a tailspin
Sudhir Gharpure and his sales team sat chatting at a big Maruti Suzuki dealership on the outskirts of Mumbai some two hours after its doors were opened on a recent Saturday morning – not a single customer was in sight.
Business News
Japan, U.S. target broad bilateral trade deal by September: Nikkei
Japan and the United States have agreed to target a broad deal on bilateral trade by September, seeking to bridge differences of opinion over tariffs on beef and the automobile sector, the Nikkei business daily reported on Sunday.
Business News
Saudi energy minister says he discussed oil markets with Russian counterpart
Saudi energy minister Khalid Al-Falih discussed oil markets with his Russian counterpart and stressed that Saudi Arabia would continue to comply with production cuts until the end of Q1 2020, he said in a tweet on Saturday.
Business News
Saudi energy minister says discussed oil markets with Russian counterpart
Saudi energy minister Khalid Al-Falih discussed oil markets with his Russian counterpart and stressed that Saudi Arabia would continue to comply with production cuts until the end of Q1 2020, he said in a tweet on Saturday.
Business News
U.S. court rules against Maduro bid to oust opposition-backed Citgo board
The board of Citgo Petroleum [PDVSAC.UL] appointed by Venezuela’s congress chief was properly seated, a U.S. court ruled, dealing a blow to contested Venezuelan President Nicolas Maduro’s efforts to retake control of the Texas-based refiner.
Business News
Insurance, economy, tariffs weigh on Berkshire Hathaway
Berkshire Hathaway Inc on Saturday said its quarterly operating profit fell more than analysts expected, as weakness in insurance underwriting, a slowing economy and trade woes weighed on the conglomerate run by billionaire Warren Buffett.
Business News
Trump defends stance on China trade after new tariffs
U.S. President Donald Trump said on Saturday that things are going well with China, insisting U.S. consumers are not paying for import taxes he has imposed on goods from that country although economists say Americans are footing the bill.
Trading Ideas
What Poland Can Teach You About Investing
There’s a Polish saying I love: “Jakoś to będzie.” It means something along the lines of “It’ll be alright.”
It might sound like passive resignation, but it refers to optimism in the face of adversity. And it suits modern Poland perfectly.
When the Soviet Union fell in 1989, Poland was free for the first time in decades.
But its economy was in shambles. Its currency was less than worthless. It would have been easy to despair.
Instead the Poles put “Jakoś to będzie” into practice and chose optimism. They aggressively liberalized the country, embracing free market principles.
Poland became Europe’s fastest-growing economy. It avoided the …read more […]
Business News
Insurance, economy weigh on Berkshire Hathaway operating profit
Berkshire Hathaway Inc on Saturday said its quarterly operating profit fell more than analysts expected, as weaker results from insurance underwriting and a slowing economy weighed on the conglomerate run by billionaire Warren Buffett.
Business News
Berkshire Hathaway profit falls as insurance underwriting declines
Berkshire Hathaway Inc on Saturday said its quarterly operating profit fell, as the conglomerate run by billionaire Warren Buffett reported less income from insurance underwriting.
Business News
Elon Musk to launch China unit for tunneling company this month
Elon Musk will soon launch a China unit for his underground tunneling enterprise, The Boring Company, the billionaire entrepreneur said on Twitter.
Business News
JPMorgan in pole position to lead WeWork IPO after debt offering: sources
WeWork owner The We Company has tapped JPMorgan Chase & Co to head an upcoming debt offering, putting the bank in pole position to lead a planned initial public offering (IPO) later this year, people familiar with the matter said.
Business News
Nissan wants Renault to reduce stake to revive Renault-FCA deal talks: WSJ
Carmakers Nissan Motor Co and Renault SA are trying to reach a deal to reshape their global alliance, in hopes of reviving Renault’s merger talks with Italy’s Fiat Chrysler Automobiles NV , the Wall Street Journal reported on Friday, citing emails and people briefed on the talks.