In Brexit boost, Jaguar Land Rover to hire 5,000 staff

June 20, 2017 7:57 am0 comments
In Brexit boost, Jaguar Land Rover to hire 5,000 staff

JLR, employing more than 40,000 people globally, to hire 1,000 electronic and software engineers as well as 4,000 additional personne London,June 20 – Britain’s biggest carmaker Jaguar Land Rover (JLR) will hire 5,000 staff as it boosts its skills in autonomous and electric technology, a welcome business endorsement as Prime […]

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Boeing takes aim at Airbus single-aisle edge with stretched 737

7:49 am0 comments
Boeing takes aim at Airbus single-aisle edge with stretched 737

The Max 10 will seat as many as 230 passengers, roughly matching its European rival while burning 5 per cent less fuel thanks to a lighter construction Paris,June 20 – Boeing Co. will offer its first new jet in almost four years, with the stretched Max 10 upgrade of the […]

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Fed’s Dudley confident US expansion has ‘long way to go’

7:44 am0 comments
Fed’s Dudley confident US expansion has ‘long way to go’

Dudley, viewed as an influential voice on the rate-setting Federal Open Market Committee, also sounded a positive note on the US economy overall Washington,June 20 – Federal Reserve Bank of New York President William Dudley aligned himself with Chair Janet Yellen in declaring his expectation that a tight labour market […]

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Federal Reserve Board raises rates, unveils cuts to bond holdings in sign of confidence

June 15, 2017 8:01 am0 comments
Federal Reserve Board raises rates, unveils cuts to bond holdings in sign of confidence

Decision lifts the US central bank’s benchmark lending rate by a quarter percentage point to a target range of 1% to 1.25% Washington,June 15 – The Federal Reserve raised interest rates on Wednesday for the second time in three months, citing continued US economic growth and job market strength, and […]

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UAE banks grow loan books, revenues in face of margin pressure

June 13, 2017 8:00 am0 comments

Lower loan-to-deposit ratios and yields on credit feed margin pressures but increased lending helps offset damage Dubai, Jun 13 – The UAE banking sector has seen margins remain under pressure despite a number of banks witnessing improved lending and revenues in the first quarter of 2017, global professional services firm Alvarez […]

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Qatar crisis to speed the rise of Asia’s spot LNG trade

7:58 am0 comments
Qatar crisis to speed the rise of Asia’s spot LNG trade

Likely accelerating a shift to a more openly traded global market for the fuel SINGAPORE, Jun 13 – Qatar’s isolation by other Arab nations has dealt a strong hand to Japanese utilities in talks reviewing long-term gas contracts with the top LNG exporter, likely accelerating a shift to a more openly […]

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