Faury is cautiously optimistic on Airbus operations
Airbus aircraft maker does not intend to relocate its production site in the UK if the British leave the European Union. However, questions will arise about investments, for…
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ArcelorMittal cleared to acquire Essar Steel
ArcelorMittal may complete the acquisition of its bankrupt counterpart Essar Steel. That has been determined by the Supreme Court in India. The takeover battle around Essar has been…
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Alibaba continues with Hong Kong listing
The Chinese internet giant Alibaba is still continuing with its plans for a stock exchange listing in Hong Kong, in addition to those in the United States. The…
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The Aston Martin will not sell expected 6300 vehicles this year
The Aston Martin luxury car maker warned in its quarterly update that the demand for cars remains weak. This is especially the case in Europe and the United…
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Investigation into accounting fraud at Under Armor
American regulators have started an investigation into possible bookkeeping fraud at sports equipment maker Under Armor. According to business newspaper The Wall Street Journal, the company is said…
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PSA and Fiat Chrysler make engagement official
Automakers PSA and Fiat Chrysler have officially announced their intention to merge. This should, according to car companies, “become a world leader in an era of sustainable mobility”.…
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Standard Chartered increased performance
The British bank Standard Chartered (StanChart) has seen its profit grow considerably in the past quarter. Strong performance at the business banking unit offset the adverse effects of…
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Saudi Aramco to resume the IPO process
Saudi state oil company Saudi Aramco wants to continue its IPO. The group will officially kick off on November 3, insiders reported to Reuters news agency. Normally investors…
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HSBC bank lost profits, China-US tensions are to blame
The British bank HSBC saw a sharp fall in profit in the third quarter. The financial concern was hit by the Sino-US trade conflict and the riots in…
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Global steel production is slightly lower
Global steel production was 0.3 percent lower in September than a year earlier. This is reported according the figures provided by the international trade association World Steel Association…
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