India will invest about $500 million in the development of the strategic southern Iranian port of Chabahar. Bypassing neighbor Pakistan, with which India’s historically had thorny relations and the development of a sea-land access route to central Asia is the… Read More ›
Sixteen major banks have been accused of conspiring to manipulate the Libor benchmark interest rate by a US appeals court on Monday which reinstated a civil lawsuit against the banks. the judges warned that the institutions could be bankrupted by the… Read More ›
The publishing industry is facing a turbulent time with increased costs, digitization, and low advertisement dollars. By acquiring Tribune, Gannett hopes the merger will bring about lower costs and increase its foothold and thus bring in more mullah. As per… Read More ›
Although this move will not threaten LME’s dominance, it could however feel threatened if it does not significantly reduce its long queues and waiting time. As per three metal industry sources who are familiar with the matter at hand, the… Read More ›
The sheer size of the deal has unnerved investors with a major shareholder saying this is a brazen act of “arrogant empire-building”. However if the deal goes through, it would become the world’s largest supplier of agriculture related products. Germany’s… Read More ›
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