It all started over the weekend after a warning from European authorities that two struggling Italian banks — Banca Popolare di Vicenza and Veneto Banca — were facing collapse. It’s just the latest action by Italy to plug a hole in its dicey financial industry. At the end of last year, it had to promise … More ITALY PUTS UP 17 BILLION EUROS TO STOP BANK CRISIS
Tesla Inc set to“explore the possibility” of opening a factory Shanghai China , the maker of electric cars declared on Thursday. Sales in China generate a hefty chunk of Tesla’s revenue, and moving some manufacturing near those buyers would cut some costs Tesla has been considering producing vehicles in Asia for a while ,last year, the … More Tesla to Set Up Factory in China
airlines wants to bring back supersonic travel jet Boom Aerospace, an ambitious aerospace start-up, says it has convinced five airlines to buy into its vision for developing a airliner that flies faster than the speed of sound. Blake Scholl, founder and chief executive of Denver-based Boom, said during a presentation at the Paris Air Show … More THE WORLD MIGHT GO SUPERSONIC AGAIN
France is the United States’ eighth most important trade partner and the third most important in Europe U.S EXPORT TO FRANCE The leading export to France at JFK has aircraft and parts, accounting for about half of the value of all exports.Artwork also a leading export. Also category that includes vaccines, plasma and blood fractions, … More U.S .-France Trade
NEW YORK — Profits are climbing for companies, and so are their stock prices. More big businesses joined the earnings parade Tuesday, saying their profits were even bigger in the first three months of the year than analysts were expecting, including Caterpillar and McDonald’s. The gains put U.S. indexes on track to add to their … More Nasdaq crosses 6,000 as Healthy profits push stocks higher
In the first major push into U.S. television for the Chinese power, Wanda will pay “approximately $1 billion” for the producer of the Golden Globes and other top awards shows. On a warm October Sunday in Beverly Hills, Wang Jianlin, China’s richest man and the chairman of Dalian Wanda Group, made his way to a … More Dick Clark Productions Sold to China’s Wanda Group
But oil price in the current, $40 to $50 range, already below the break-even point for many Middle Eastern nations.