This is the first time that Goldman Sachs is raising such funds after the 2008 financial crisis, although the amounts are nearly 5 times smaller. According to a source who is familiar with the matter at hand, the Goldman Sachs… Read More ›
Month: July 2016
Thailand wooing BMW to set up battery plant for plug-in hybrid vehicles
BMW is already heavily invested in the country with Thailand being its top export hub in the region. As per Thailand’s Industry Minister, BMW is considering setting up a new factory which will manufacture batteries for hybrid vehicles in the… Read More ›
Post Brexit, Amsterdam Is Coming to Get London (Business)
By focusing on quietly targeting specific sectors like clearing, fintech and high frequency trading, Amsterdam is taking a different approach from other European cities to lure London’s post-Brexit business. “Within that financial sector, there are parts, niches, clusters that will… Read More ›
Lapses at DBS, UBS, Standard Chartered Uncovered in Singapore in Relation to 1MDB Scandal
Singapore’s central bank has said that it had found lapses and weaknesses related to the beleaguered Malaysian wealth fund which has embroiled DBS, UBS and Standard Chartered in the scandal surrounding 1MDB. Actions against the banks would be taken as… Read More ›
EU Commission shows lukewarm response to Chinese demands for changes in trade rules
China has been struggling with overcapacity, especially in the steel sector. The European Commission has announced that it could change the way it calculates unfair subsidies and dumping in response to China’s demand that it be treated like a normal… Read More ›
1st quarter profits have beaten analysts’ expectations – VW
Improvement in the European car market has helped the company’s bottom line. Despite being hit by diesel emission scandal, Volkswagen’s first quarter results have beaten analysts’ expectations. Europe’s biggest car manufacturer achieved this admirable feat by strategic cost cutting. Rising… Read More ›
Unilever set to acquire Dollar Shave Club
Although this deal will increase Unilever’s footprint in the personal care product sector, it will also inherit Gillette’s lawsuit against Dollar Shave Club. In a strategic development in the corporate sector, Unilever Plc is all set to acquire Dollar Shave… Read More ›
$20 Million Raised by Start-up Developing Keyhole Surgery Robot
Backed by European automation giant ABB, $20.3 billion was raised by a start-up creating robots to assist surgeons in carrying out keyhole surgery. A surgeon is allowed to operate by only making a tiny incision rather than a large opening… Read More ›
Return to Global Markets being Explored by Iran After 14 Year Hiatus
A year after a historic nuclear deal that offered it a route out of isolation Iran is seeking to finance an economic recovery by exploring a return to international debt markets for the first time since 2002. In a step… Read More ›
United Airlines to spend $2 billion for share buyback program
This strategic is aimed at boost investor’s value among other measures adopted by United’s board. United Continental Holdings Inc. has disclosed that it has allocated $2 billion dollars for buying back its shares. The move is the latest attempt by… Read More ›
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