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Business News

Eli Lilly to take animal health unit public

July 24, 2018 admin Comments Off on Eli Lilly to take animal health unit public

Eli Lilly and Co said on Tuesday it would spin off its Elanco animal health business and take it public.

…read more […]

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Business News

U.S. firms face off with Indian rival in lobbying against data storage rules

July 24, 2018 admin Comments Off on U.S. firms face off with Indian rival in lobbying against data storage rules

U.S. payment firms have successfully pushed India to consider diluting rules on data storage, but their lobbying campaign has sparked a bitter industry spat pitting them against local rival Paytm, according to sources and documents seen by Reuters.

…read more […]

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Four airlines submit complaint against France over strikes

July 24, 2018 admin Comments Off on Four airlines submit complaint against France over strikes

Ryanair , Easyjet Wizz Air and IAG submitted complaints to the European Commission against France on Tuesday, arguing that its air traffic controllers’ strikes were restricting freedom of movement within the EU.

…read more […]

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Business News

Harley-Davidson profit drops 6.4 percent

July 24, 2018 admin Comments Off on Harley-Davidson profit drops 6.4 percent

U.S. motorcycle maker Harley-Davidson Inc reported a 6.4 percent drop in quarterly profit on Tuesday due to lower shipments as demand for its bikes dwindle.

…read more […]

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Business News

Satellites and blogs: BlackRock to raise game in China stock picking

July 24, 2018 admin Comments Off on Satellites and blogs: BlackRock to raise game in China stock picking

To gain an investment edge in China, BlackRock Inc , the world’s biggest asset manager, will map the country’s economic landscape using satellites, parse social media to take the market’s pulse and track reports in the ruling Communist Party’s newspaper, the People’s Daily.

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UK’s fraud office to reinstate criminal case against Barclays

July 24, 2018 admin Comments Off on UK’s fraud office to reinstate criminal case against Barclays

Britain’s Serious Fraud Office said on Tuesday it was seeking to reinstate criminal charges it brought against Barclays over its 2008 capital raising, after an English court dismissed the charges in May.

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Trump, Mexico expect progress in stalled NAFTA talks

July 24, 2018 admin Comments Off on Trump, Mexico expect progress in stalled NAFTA talks

U.S. President Donald Trump spoke warmly of Mexico’s incoming leftist president on Monday, saying he expected to get “something worked out” on NAFTA, while a top Mexican official said there was scope to revive the trade talks this week.

…read more […]

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Shares get China stimulus boost, bonds show the strain

July 24, 2018 admin Comments Off on Shares get China stimulus boost, bonds show the strain

World shares climbed for a third day running on Tuesday, as China promised fiscal action to support the world’s second-largest economy and stellar results from internet giant Alphabet underpinned the tech stocks.

…read more […]

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Business News

Volkswagen hires BMW engine development expert Markus Duesmann

July 24, 2018 admin Comments Off on Volkswagen hires BMW engine development expert Markus Duesmann

Volkswagen on Tuesday said engine development expert Markus Duesmann, currently head of purchasing and suppliers at rival BMW , is to join the carmaker’s management board.

…read more […]

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Volkswagen says BMW purchasing chief Duesmann to join board

July 24, 2018 admin Comments Off on Volkswagen says BMW purchasing chief Duesmann to join board

Volkswagen said on Tuesday it has hired Markus Duesmann, head of purchasing and supplier network at rival BMW , as a member of its management team.

…read more […]

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Business News

China shares hit one-month high on stimulus hopes, bonds tire

July 24, 2018 admin Comments Off on China shares hit one-month high on stimulus hopes, bonds tire

Shanghai shares led Asia higher on Tuesday as China touted fiscal action to support the world’s second largest economy, while stellar results from internet giant Alphabet underpinned the tech sector generally.

…read more […]

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BMW manager Duesmann to become new Audi CEO: Handelsblatt

July 24, 2018 admin Comments Off on BMW manager Duesmann to become new Audi CEO: Handelsblatt

Volkswagen has hired BMW purchasing director Markus Duesmann to fill the post of Audi chief executive, German daily Handelsblatt reported on Tuesday.

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Global airfares, hotel rates to rise in 2019: industry forecast

July 24, 2018 admin Comments Off on Global airfares, hotel rates to rise in 2019: industry forecast

A strong global economy and rising oil prices are expected to push up the cost of air travel in 2019, with fares seen rising 2.6 percent and hotel rates up 3.7 percent, although there are downside risks from a trade war, according to an industry forecast.

…read more […]

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Business News

Malaysia Airlines taps lenders for first jet financing since restructuring: sources

July 24, 2018 admin Comments Off on Malaysia Airlines taps lenders for first jet financing since restructuring: sources

Malaysia Airlines Bhd is tapping banks to fund about nine Boeing 737 MAX planes in what will be the carrier’s first jet financing with lenders since it was restructured more than three years ago, sources familiar with the situation said.

…read more […]

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Business News

Malaysia Airlines taps lenders for first jet financing since restructuring

July 24, 2018 admin Comments Off on Malaysia Airlines taps lenders for first jet financing since restructuring

Malaysia Airlines Bhd is tapping banks to fund about nine Boeing 737 MAX planes in what will be the carrier’s first jet financing with lenders since it was restructured more than three years ago, sources familiar with the situation said.

…read more […]

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