In a deal worth more than $32 billion, ARM Holdings the giant U.K. semiconductor firm that supplies part of the chip design used in Apple iPhones, will be bought over by Japan’s Softbank. This was announced by the two firms on… Read More ›
Day: July 18, 2016
BCG says Investment Banks’ Revenue Could be Cut by $8 Billion by Brexit
According to a report by the Boston Consulting Group, securities firms could be pushed to exit some trading businesses and the global investment banks’ revenue could be reduced by about $8 billion due to Britain’s vote to leave the European… Read More ›
Softbank set to acquire ARM Holdgins PLC for $32 billion
If the deal goes through, it will mean Softbank paying a premium of more than 40% over Friday’s closing rate of the pound at 11.89. Softbank will pay 17 pounds in cash for each ARM Holdings’ shares. According to a… Read More ›
Most CFOs of big British companies expect significant slowdown in the British economy
Capital expenditures and the rate of hiring are set to slowdown in the wake of Britain choosing to leave the European Union. According to a survey done on Britain’s biggest companies, their future is beset by doubts over Britain choosing… Read More ›
In the wake of Brexit ECB’s Draghi urges increased government spending
With high unemployment in the Eurozone, especially EU countries must significantly boost their individual government spending which is likely to mitigate the risks of resentment towards the EU project. Mario Draghi, the European Central Bank’s President is likely to plead… Read More ›
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