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Volvo spokesman Fredrick Ivarsson told Reuters that the Swedish automaker, like a number of other European companies, was forced to reconsider its investments in Iran against the backdrop of imposed by President Donald Trump sanctions against that country after the withdrawal of the US from the Iranian nuclear deal. Previously, the Swedish automaker expected that for the markets of the Persian Gulf region and North Africa, Iran would become the main export center. Now, Volvo stops the truck assembly in Iran, because it can not receive payment for supplies transported to Iran because of sanctions.
On Wednesday, Bursa Malaysia (KLSE) suspended public trading for low-cost carrier AirAsia Group Berhad (AIRA.KL) after an Ernst & Young external auditor gave an opinion about the airline’s ability to continue as a standing concern. “The ...
Wells Fargo & Co (WFC), one of the biggest lenders for new and used car purchases in the United States, announced on Tuesday that it would stop accepting loan applications to a majority of its independent car dealer clients due to economic ...
WASHINGTON - A group of thirty two U.S. states have a message for the world’s leading online platforms: “You are not doing enough to stop unreasonable pricing in the midst of the coronavirus crisis.” In a letter sent on Wednesday ...
SYDNEY- Asian shares dropped on Monday as series of national lockdowns endanger authorities’ schemes of nursing economic disruptions and what appears to be a sharp worldwide recession brought by the novel coronavirus. S&P 500 E-mini ...
Safe haven currencies retreat following easing U.S.-Iran tensions The Japanese Yen and Swiss Franc retreated on Thursday as the United States and Iran backed away from further conflict. U.S. President Donald Trump responded overnight to an ...
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