To insulate themselves from a worsening economic crisis in Venezuela that has erased more than $10 billion in profits over the past 18 months, U.S. companies operating in the South American country have escalated the use of an accounting maneuver…. Read More ›
Day: July 28, 2016
‘Gradual Shift Towards Helicopter Money’ seen by Citi Group
As countries struggle to boost growth and inflation in uncertain geopolitical climes, Citi group has forecast a “gradual shift towards helicopter money” by advanced economies. It is widely expected that the Bank of Japan would launch another major stimulus program… Read More ›
Samsung expects strong second quarter results
Samsung’s second quarter earnings are set to rise on the back of strong demand for electronic components and the launch of new smartphones. South Korean electronics giant, Samsung Electronics Co Ltd has disclosed that it expects its results for the… Read More ›
Shanghai Fosun Pharmaceutical Group Co Ltd acquires Gland Pharma for $1.4 billion
Gland Pharma’s backers include U.S. based KKR & Co LP while Shanghai Fosun Pharma has Guo Guangchang, China’s best known entrepreneur, as its founder. According to sources with direct knowledge of the matter at hand, the Shanghai Fosun Pharmaceutical Group… Read More ›
Numerous British surveys shows the impact of Brexit on Britain’s economy
This is a good time to invest in properties in Britain. Property prices have taken a direct hit following Brexit. The impact of Britain’s historic decision to leave the European Union is now making its presence felt across Britain with… Read More ›