To help fund an unprecedented modernization plan, the Indian Railways plans to rack up debt that is more than the GDP of many countries. According to the Indian Railway Minister Suresh Prabhu, some 2.5 trillion rupees ($37 billion) of debt is required… Read More ›
Law firm Baker & McKenzie said that the global economy will stand to lose up to $1.6 trillion and the U.K. up to $338 billion in lost merger-and-acquisition activity by 2020 by the Brexit vote. “An active M&A market is… Read More ›
The deal is set to be announced before NYSE opens for trading today. According to sources familiar with the matter at hand, Verizon Communications Inc. is set to acquire Yahoo Inc. for about $5 billion. Sources have further revealed that… Read More ›
Pimco is facing a lot of turmoil with a heavy outflow investors and key executives, including its founder. Financial Times has reported citing a top executive at Allianz, a German insurer that the company wants closer ties with Pimco, a… Read More ›
This could be a landmark case which sets the scope for insider trading. In what could result in a landmark ruling, a former Wall Street investment banker is set to face off federal prosecutors in a first case of insider… Read More ›
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