Daily Management Review
Business & Finance

Papers of large Western banks fall amid Russian reputational scandal

The scandal surrounding Raiffeisen Bank International, ING, Deutsche Bank and Citigroup, which broke out after the complaint of Bill Browder to the Austrian prosecutor's office, risks to result in criminal penalties and severe sanctions by regulators. Although there is still no information about...

Anti-Depressant Nasal Spray By J&J Approved By US FDA

An antidepressant in eth form a nasal spray from Johnson & Johnson – aimed at providing a cure for those people who are resistant to other treatments, was approved by the United States Food and Drug Administration. The agency however also imposed certain restrictions on the manner of use of the...

GE shares plummet after the company head’s forecast

GE CEO Lawrence Culp said that the company's cash flow would be negative this year. This statement was made during the Aviation, Transportation & Industrials Conference in New York, organized by investment bank JP Morgan. In 2018, General Electric's free cash flow amounted to $ 4.5 billion....

Huawei Preparing To File Case Against US Government: Reports

Reports in the United States suggest that the US government would be sued by the Chinese telecom giant Huawei over the decision of the Trump administration not to allow the federal agencies using products supplied by the company.   According to reports quoting sources with knowledge of the...

Peru To Receive ‘Open-Access’ Internet Service

The largest internet provider of Peru follows the footsteps of Mexico. Telefonica is a telecommunications group of Spain, which informed last week that it would be introducing “open-access” in Peru. This internet service will be provided as “wholesale broadband mobile” and there are aims of...

European eco-standards push carmakers to Asia

Tightening the requirements for reducing toxicity of automobile emissions in the European Union is a pressure from the European Parliament’s side, said Carlos Tavares, Head of the French automotive concern PSA and the European Automobile Manufacturers Association (ACEA), in an interview with Le...

Two Months Into 2019, 4,300 Store Closures Announced In US Already

A number of companies announcing a spree of closure of stores in the United States would impact shopping malls in the country and would result in hundreds of storefronts being left potentially empty.    50 stores would be shut by it in 2019, announced luxury retailer Victoria's Secret...

British chemical companies: Damage from leaving the EU will reach $ 660 million

Companies will have to create their own database of chemical products, the cost of which will be about 500 million pounds sterling. About this in an interview with Reuters, said the head of the Chemical Industries Association Stephen Elliott. After leaving the European Union, British companies will...

Elon Musk tweets about Tesla, gets in trouble with SEC again

The US Securities and Exchange Commission (SEC) appealed to a New York court, seeking recognition of Head of Tesla, Elon Musk, guilty of contempt of court. According to the SEC, plans for the production of Tesla electric vehicles for 2019, quoted by Mr. Musk on his Twitter account, “can lead...

Goldman Sachs names favorites among stocks

Investors are concerned about slowdown in corporate profits, but Goldman Sachs has some advice for those who is not sure how to handle this situation. For some companies, experts predict an increase in profits of 20% and higher in 2019. The list includes companies from different market sectors,...
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