31 January, 2015 by The TZ Newswire Staff Comments Off on Exclusive: GM and China’s SAIC to push into Indonesia with no-frills vans
Exclusive: GM and China’s SAIC to push into Indonesia with no-frills vans
General Motors (GM.N) and Chinese partner SAIC Motor Corp will soon announce a joint push into Indonesia, using their no-frills Wuling brand to establish a beachhead in Southeast Asia’s biggest market and from there tackle other markets in the region. They have already made moves to purchase a property in an industrial district on the outskirts of Jakarta, according to two people familiar with the matter, and are expected to detail within days what GM China chief Matt Tsien called an important joint venture in a country of 240 million people.
31 January, 2015 by The TZ Newswire Staff Comments Off on BMW, Bosch join Deutsche Bahn in airline cartel damages claim
BMW, Bosch join Deutsche Bahn in airline cartel damages claim
German carmaker BMW and car supplier Bosch [ROBG.UL] said on Saturday they would join Deutsche Bahn [DBN.UL] in two claims for about 2.1 billion euros ($2.4 billion) in damages from air freight carriers who were involved in a cartel. The air cargo cartel, which included Europe’s biggest airline Lufthansa and British Airways, was first discovered seven years ago and triggered fines in the European Union and in the United States.
31 January, 2015 by The TZ Newswire Staff Comments Off on The issue SNB defenders don’t address
The issue SNB defenders don’t address
A few weeks ago the Swiss National Bank stunned the markets and many economists by letting the SF appreciate by 20% against the euro. On the face of it, this seemed inconsistent with Swiss policy goals (ending deflation.) Switzerland is already in a mild deflation, and this is likely to make it more severe.
31 January, 2015 by The TZ Newswire Staff Comments Off on Why Wendys Co Is Flying While McDonald’s Corporation Is Dying
Why Wendys Co Is Flying While McDonald’s Corporation Is Dying
Less than a month into the new year, Wendy’s has been a surprise stock market darling. Meanwhile, McDonald’s continues to struggle.
31 January, 2015 by The TZ Newswire Staff Comments Off on Why Ford Thinks Japan Isn’t Playing Fair
Why Ford Thinks Japan Isn’t Playing Fair
31 January, 2015 by The TZ Newswire Staff Comments Off on Half of Americans can’t afford their house
Half of Americans can’t afford their house
People are taking second jobs and deferring retirement savings to make mortgage and rent payments.
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