Tag Archives: Business/Finance

05Apr/15

Mercedes-Benz C-Class named 2015 World Car of the Year

Mercedes-Benz wins World Car of the Year with its C-Class. Mercedes-Benz also wins World Luxury Car with its S-Class Coupe and World Performance Car with its AMG GT.
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01Apr/15

GoDaddy IPO registers strong start

(YOUTUBE/GODADDY) – GoDaddy the web hosting company best known for its outrageous Superbowl ads, goes public today.

Shares have priced above the expected range of $17 to 19 at $20, pegging GoDaddy’s value at $4.5 billion including debt.
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01Apr/15

Internet giants drive into the electric vehicle space

(BVO) – Pull over, auto giants – tech companies are moving into the fast lane.

With Internet-enabled electric vehicles making inroads worldwide, Chinese Internet players Baidu, Alibaba and Tencent have each announced plans to develop their own smart EVs.
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01Apr/15

U.S. still cold on China-led infrastructure bank

(BVO) – Growing competition for political influence in Asia, as the U.S. pivot to the region hits a hiccup.

A long list of countries ranging from Denmark to Australia signing up to join the China-led Asian Infrastructure Investment Bank – leaving the U.S. and key ally Japan out in the cold.
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31Mar/15

Europe, U.S. division over China-led bank

(BVO) – A new clash between the U.S. and China in the bid for influence in fast growing Asia.

Beijing has taken the lead in jump-starting a new government-funded infrastructure bank – the AIIB – recently gaining the support of traditional U.S. ally Great Britain for the 50-billion dollar project.
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26Mar/15

H&M braces for dollar headwinds

(BVO) – Sales at Sweden’s H&M continue to soar.

The budget fashion retailer beat expectations in the first-quarter delivering pre-tax profits of $551 million dollars.

Sales in local currencies rose 15 percent.

But a strong dollar is causing problems – pushing up costs for the world’s second largest fashion retailer and others.
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