Category: Business
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 …
Deutsche Bank has been in trouble for almost a decade now and has not been quite able to recover from its troubles that started during the financial crisis back in 2008. It has failed to generate the sort of profits that is expected from a bank of its size, and …
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 …
The trouble German bank has been in the process of turning around their business for close to half a decade, but no discernible progress seems to have been made. According to a Reuters report, people close to the developments have said that time is fast running out for the German …
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 …
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 …
Morgan Stanley and Goldman Sachs Group Incorporation requested some of its opponents to cancel or to reform trades in Jardine Matheson Holdings Limited, on Thursday following a $41 billion crash the shares were observed below the market level in compliance with people who were familiar about the matter. Requests were …
The Bank of Philippine Islands (BPI) is the third largest bank in the Philippines with more than nine million customers, and enormous asset pool. Looking to boost its digital transformation course, BPI signed a multi-year services agreement with IBM. This deal will enable BPI to use IT infrastructure and hybrid …
