The possibility that employment has peaked at the firms that are the world’s biggest providers of banking jobs was highlighted when China’s four biggest banks reported that staff numbers fell by the most in at least six years in the first… Read More ›
Day: September 7, 2016
$20 Billion of Projects May be Cancelled by Saudi Arabia due to Cost-Cutting Drive
With the aim of repairing finances squeezed by low oil prices, projects worth more than $20 billion is planned to be cancelled and ministry budgets by a quarter are to be slashed by Saudi Arabia, reported Bloomberg citing people familiar with… Read More ›
SEC allows BlackRock funds to borrow funds from one another
The move will help it improve its liquidity position with customers. Officials from the U.S. Securities and Exchange Commission have stated in a notice that portfolio managers of BlackRock Inc. will be allowed to borrow money from one another in… Read More ›
Enbridge buys Spectra for $28 billion
This marks the biggest acquisition in the oil and gas sector since 2014. In a deal that is set to create the largest North American energy infrastructure company, Canada’s Enbridge Inc. has disclosed its intention of acquiring Houston based Spectra… Read More ›
Pershing Square acquires 9.9% stake in Chipotle
With this acquisition Ackman has again waded into the fast-food sector. While he will shake up the board on a variety of issues including director’s tenure, Pershing Square itself will be under immense pressure to perform given its lackluster performance… Read More ›
Rising Demand from Developing Economies, Oberthur Fiduciaire Confident in the Future of Global Banknote Market
Since the private players provide sophisticated anti-counterfeiting technologies like watermarks and security strips, most countries around the world have outsourced banknote printing to private companies. French worldwide company Oberthur Fiduciaire, which stands in the first row of global security printers,… Read More ›