The deal will enable Danone to target the premium segment with WhiteWave Food’s product offerings. According to a source who is familiar with the matter at hand, the world’s biggest yogurt manufacturer, Danone SA, is said to be in advanced… Read More ›
Month: July 2016
Chevron led business group set to invest $36.8 billion in Kazakhstan’s Tengiz oil field
Another giant oil project, Kazakhstan’s Kashagan is set to go operational in the 4th quarter of this year. Does this mean oil prices are set to move north? In a move aimed at boosting the local economy, Kazakhstan along with… Read More ›
Quick action required on EU trade terms – London’s financial district
The longer Britain takes to negotiate trade terms with EU, the more will be its economic loss. According to the head of London’s financial district, it would be prudent for Britain to move quickly on the outcome of its referendum,… Read More ›
Brexit strokes fears of global recession in the shipping sector
Here’s a brief analysis of the annual survey which has polled 200 respondents across the transportation industry. According to a survey from a leading transport agency, global shipping confidence has hit an all-time low due to fears of a possibility… Read More ›
AC Milan to be Sold to Chinese Investors by Berlusconi
After long-time owner Silvio Berlusconi said he had sold the club, AC Milan are set to be the latest top-tier European football team to move into Chinese ownership. After receiving assurances from the buyers that they would invest significantly to return… Read More ›
Buying Spree for Global Health Assets by Chinese Inc
Attempting to buy their way into international markets like never before, China’s health-care companies are on an acquisition tear. Going at a pace on track to exceed last year’s record total and a tenfold increase from the amount spent in… Read More ›
Race to Wrest Drug and Banking Agencies From London Intensifies Among EU Rivals
The competition to wrest two prestigious European Union agencies from London in the wake of Britain’s vote to leave the bloc is all set to step up with Milan’s new mayor Giuseppe Sala scheduled to fly into London. More than… Read More ›
Gulf Bond Sale Frenzy Bolstered by Addition of Kuwait’s $9.9 Billion Plan
As lower oil prices squeeze public finances, Kuwait plans help plug its budget deficit by raising as much as $9.9 billion from international debt markets. The country’s finance minister Anas Al-Saleh said in a speech that the OPEC member also… Read More ›
Samsung’s Galaxy S7 helps it get back on profitability track
Although it had been squeezed by Apple and Chinese budget phone manufacturers, in the beginning of this year, it outmanoeuvred both and emerged on top. Propelled by a surge in the sale of mobile phones, especially its flagship Galaxy S7, Samsung electronics… Read More ›
Confusion rages in Conservative Party as it seeks out a new leader
According to Boris Johnson, Britain needs to explain Brexit’s impact to its citizens, but wouldn’t explaining Brexit’s impact add to the “hysteria” and further boost demands for a second referendum. Boris Johnson, the ex-London mayor who vigorously led a campaign… Read More ›