Category: Business

Ford to End Independent Operation in India With a JV

Ford’s foray into India soon after the country opened up its economy to foreign investment was a momentous event, and over the past decades, the American car manufacturing giant had made a name for itself in one of the biggest economies in the world. In addition to that, it was …

Delta Air Planning to Offload Oil Refinery in Pennsylvania

America’s biggest airline Delta Air is planning to sell its oil refinery located in Trainer, Pennsylvania according to sources who are close to the developments. It does not come as much of a surprise since last year Delta had tried to sell a part of the refinery. However, that attempt …

Eni’s High Octane Drive in the Gulf Continues

Italian old and gas giant Eni has been in a deal-making spree in the Gulf over the past year or so under the stewardship of Chief Executive Claudio Descalzi, and it seems there is no stopping them, as they continue to gain a foothold in the area. Descalzi seems to …

U.S. Federal Reserve To Be Patient

The Federal Reserve signaled that it’s past three-year drive in tightening monetary policy might be at an end due to the cloudy outlook of the U.S. economy due to impasses over trade, global headwinds, and government budget negotiations.  By keeping interest rates steady, the U.S. central bank discarded its earlier …

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