March, 2017

• 14 March

  Trump answers auto sector’s call for review of $33bn rules

  

    Bloomberg When President Donald Trump visits the Detroit area this week, he’ll come bearing a gift: a first step toward relaxing rules that could cost automakers about $33 billion. Trump will announce as part of a visit to Ypsilanti, Michigan, on Wednesday that his administration will begin re-examining fuel-economy standards set by the Obama administration, according to two people ...

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• 14 March

  Volkswagen ‘back on track’ as cost-cutting slowly lifts profit

  

    Bloomberg Volkswagen AG sought to draw a line under the diesel scandal that has locked it in crisis mode for more than a year, with sweeping restructu- ring efforts starting to take hold and profitability improving at the namesake brand. Still, Chief Executive Officer Matthias Mueller acknowledged lawsuits on emissions case will continue to preoccupy the carmaker for “many ...

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• 14 March

  TAG Heuer forecasts higher 2017 sales

    Bloomberg TAG Heuer, a Swiss watch brand that has bucked the industry’s slump, expects to build on last year’s double-digit sales growth in 2017, supported by an upgraded smartwatch and healthier demand in China, the biggest market for luxury timepieces. Chief Executive Officer Jean-Claude Biver said on Tuesday his “cautious” forecast is for TAG Heuer’s sales to rise 8 ...

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• 14 March

  Business protections need an expiration date

  

    Jordan Weissmann, a writer at Slate, has an interesting article about Republican proposals to replace entitlements with private savings accounts. He says that these programs are big giveaways to money managers, who would collect hefty management fees. Weissmann says that the GOP is ‘trying to rewrite the social contract in such a way as to maximize the profits of ...

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• 14 March

  In Tucker, HSBC gets ‘Mr Right’

  

    In selecting AIA Group Ltd.’s Chief Executive Officer Mark Tucker as its new chairman, HSBC Holdings Plc has gotten the right guy. Let’s hope the bank’s rather insular culture gets him. To understand why HSBC has gone outside its fold for the first time in its 152-year history, take a look at AIA’s profitability. The insurer’s stock has more ...

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• 14 March

  What restaurants can take from Chinese takeout?

  

    It’s never smart to keep hungry people waiting for their food. They turn ‘hangry.’ No one has mastered this idea better than Chinese takeout restaurants, which have put a premium on speed ever since they emerged in the 1800s. That’s when a wave of Chinese immigrants came to the US and opened up cheap and cheerful restaurants catering to ...

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• 14 March

  Gulf stock markets mixed

  

  DUBAI / Reuters Gulf stock markets were mixed on Tuesday with a retreat by Shuaa Capital helping to dampen Dubai while the success of the Kuwait government’s debut international bond issue buoyed that market. The Dubai index fell 0.9 percent as Shuaa dropped 4.2 percent. It had risen more than 18 percent to a seven-year high in the previous two ...

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• 14 March

  Global bourses fall ahead of Fed meeting

    SEOUL / AP Global stocks drifted lower on Tuesday as investors looked to the Federal Reserve’s policy meeting for an expected interest rate increase and hints on future hikes. Britain’s pound fell after the country’s parliament cleared the way for Britain to start its exit process from the European Union. Britain’s FTSE 100 shed 0.1 percent to 7,358 while ...

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• 14 March

  Bank of England’s deputy steps down after lawmaker criticism

  

    Bloomberg Charlotte Hogg resigned from the Bank of England after criticism from lawmakers for failing to disclose that her brother works for a bank she would help to regulate. The resignation is an embarrassment for the BOE and puts it under pressure to show it’s learned from two potential conflict of interest issues in the past few years. Hogg, ...

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• 14 March

  Singapore bans ex-Goldman banker, seeks bar on others

  

    Bloomberg Singapore banned former Goldman Sachs Group Inc. banker Tim Leissner from the securities industry for 10 years and said it plans to issue similar orders against three others caught up in the scandal surrounding 1Malaysia Development Bhd. Leissner, who left Goldman Sachs in February 2016, was sanctioned because he issued an unauthorized letter to a financial institution and ...

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