Money Matters
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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IAGroup gone pessimistic on growth outlook
Airline company IAG, the parent company of British Airways, Iberia and Vueling, among others, has become more gloomy about its growth prospects. The group expects its capacity growth…
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Rolls-Royce reserves another 1.4 billion to fix the troubled Trent
Rolls-Royce, the British manufacturer of aircraft engines is setting aside another 1.4 billion pounds this year due to problems with its Trent 1000 engines. This provision is at…
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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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