Although the structure of the deal was unorthodox, according to Toshiba, it had consulted legal experts who approved the deal from a legal perspective. According to a source with direct knowledge of the matter at hand, Japan’s anti-monopoly regulator is… Read More ›
Month: June 2016
JP Morgan expects Scotland to have independent currency by 2019
Before Britain triggers Article 50, it needs to factor in the cost and long and near term implications of its decision. As a fallout of Britain’s historic decision to leave the European Union, JP Morgan has disclosed that it expects… Read More ›
IKEA recalls chests and drawers following infant deaths
Customers can either get a refund or benefit from a free wall-anchoring kit. According to the U.S. Consumer Product Safety Commission (CPSC), IKEA has recalled almost 36 million dressers and chests in Canada and in the United States since they… Read More ›
Hong Kong’s Securities and Futures Commission censures Bank of America for breach of its takeover code
It had earlier this year censured Goldman Sachs for a deal dating back to 2014. Hong Kong’s Securities and Futures Commission (SFC) has disclosed that it has censured two units of Bank of America for multiple breaches of the region’s… Read More ›
Lyft hires Qatalyst Partners
Is Lyft getting ready for another funding round? The Wall Street Journal has reported citing sources familiar with the matter at hand that Lyft, a ride sharing service, has hired Qatalyst Partners, an investment bank. According to the WSJ, Frank… Read More ›
Depreciating pound could result in influx of tourists to Britain
Britain which chose to leave EU due to immigrants will now potentially have to deal with an influx of tourists. Unfortunately, with increased tourism comes illegal immigrants. Although Brexit’s seismic shocks have sent massive shock waves in the collective spine… Read More ›
Privileges come with responsibilities, states Angela Merkel to Britain
It would perhaps be wrong for Britain to think that this tough posturing will pass during upcoming negotiations. German’s chancellor Angela Merkel has made it crystal clear to Britain that it will not be allowed to cherry-pick the parts of… Read More ›
Brexit not a Lehman moment – Goldman Sachs
Tough stress tests created by the U.S. Federal Reserve offers some comfort to stressed investors. The stress tests which were created by U.S. regulators in the wake of the 2008 financial crisis could prove their worth in the wake of… Read More ›
British markets continue to tumble following Brexit
Shares of precious metal mining companies have however extended their previous week’s upward trend. In the wake of Britain’s historic referendum which has created seismic shocks for economies around the world, share prices in Britain have tumbled even lower thus… Read More ›