TUI has widened quarterly losses

TUI has widened quarterly losses

TUI Group – largest travel company in the world, associating 1,600 travel agencies, reported a sharp deterioration in economic results. Its loss increased to 83.6 million euros ($ 94.34 million) in the last quarter of the year (the first fiscal...
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Free-Falling Freight Rates Spell Trouble For Shipping

Free-Falling Freight Rates Spell Trouble For Shipping

In the alternative media false articles were made about “Dry Baltic Index” as “container ship rent rate” etc. These are the creations of half-educated new generation journalists. The Baltic Dry Index is not about container ships, it is ...
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Tata Steel Q3 profit surges 53% YoY and Tata Motors shares plunge most in 26 years after record loss

Tata Steel Q3 profit surges 53% YoY and Tata Motors shares plunge most in 26 years after record loss

Tata Steel Q3 profit surges 53% YoY to Rs 1,751 crore, India business revenue up 10%. The revenue has risen 23% to Rs 41,219 crore vs. Rs 33,446.6 crore last year. EBITDA (earnings before interest, taxes, depreciation and amortization) rose 18% to...
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The South African President has promised to save the Eskom and divide it into 3 entities

The South African President has promised to save the Eskom and divide it into 3 entities

South African power plants Eskom, which produce 95% of electricity in South Africa, are facing $ 30 billion in debt. South African President Cyril Ramaphos announced that Eskom will be divided into three entities. Utility holding Eskom consists of 3...
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ArcelorMittal profit up, launches negligible buyback

ArcelorMittal profit up, launches negligible buyback

ArcelorMittal (symbol: MT) said Thursday that its net profit rose in the Q4 and launched a $113.4 million share buyback. The Luxemburg-based steelmaker reported a quarterly net profit of $1.19 billion, up from $1.04 billion a year earlier, due in part...
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Ford sales rise about 7% in January, GM down 7%

Ford sales rise about 7% in January, GM down 7%

Ford and GM are no longer announcing monthly sales but Bloomberg sources say Ford was up about 7% and GM down about 7%. Earlier Volkswagen was reported down 6.7% so the consumer is looking a tad soft to start the...
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Tata group is India’s most valuable brand

Tata group is India’s most valuable brand

At $19.5 billion, Tata group is India’s most valuable brand. The value of the brand Tata has soared 37 per cent to $19.5 billion in 2019, helping the conglomerate break into the top-100 in a global brands list. The salt-to-software...
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Goldman Sachs, Morgan Stanley asked to cancel trades after $58 billion flash crash

Goldman Sachs, Morgan Stanley asked to cancel trades after $58 billion flash crash

Goldman Sachs and Morgan Stanley asked some counterparties to cancel or amend trades in Jardine Matheson Holdings Ltd, after a $US41 billion ($SG58 billion) flash crash on Thursday saw shares change hands far below the market level, according to people...
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Hyundai Motor suffers first net loss in 8 years as China sales skid 23%

Hyundai Motor suffers first net loss in 8 years as China sales skid 23%

Hyundai Motor Q4 net loss 129.8 Billion won vs profit expected Company’s China vehicle sales slide 23% in Q4 Analysts skeptical of strong Hyundai earnings recovery this year South Korea’s Hyundai Motor surprised the market on Thursday by posting it...
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UN: Global FDI skids 19% on Trump tax reform

UN: Global FDI skids 19% on Trump tax reform

Global foreign direct investment (FDI) fell 19% last year to an estimated $1.2 trillion, largely due to by US President Donald Trump’s tax reforms, the United Nations trade and development agency UNCTAD said today. FDI comprises cross-border mergers and...
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Collapse Of Global M1 Supply Signals A Big Headache

Collapse Of Global M1 Supply Signals A Big Headache

  Every time M1 growth has dipped negative – as central bank liquidity injection either slowed or went into reverse – there has been a financial crisis. Milton Friedman was well aware of the consequences of the decline of M1,...
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The World’s Largest 10 Economies in 2030

The World’s Largest 10 Economies in 2030

Today’s emerging markets are tomorrow’s powerhouses, according to a recent forecast from Standard Chartered, a multinational bank headquartered in London. The bank sees developing economies like Indonesia, Turkey, Brazil, and Egypt all moving up the lad...
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2019 Global Aerospace & Defense Industry Outlook

2019 Global Aerospace & Defense Industry Outlook

                                        The commercial aircraft order backlog is at its peak of more than 14,000, with about 38,000 aircraft expected to be...
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