Claiming that allowing exemptions to EU rules on migration would lead to a free-for-all across the bloc, German Chancellor Angela Merkel signaled a growing reluctance to grant any special trade relations to the U.K. once it leaves the European Union…. Read More ›
Day: October 6, 2016
IMF Warns of Ballooning Global Debt Reaching a All-time High of $152 Trillion
Sitting at more than double the balance at the start of this century, the world is awash with $152 trillion dollars of debt which is at an all-time high, according to the IMF. This debt mountain signifies the extent to which increases in borrowing have… Read More ›
Minority investor backs Elliott Management’s restructuring proposals in Samsung Electronics
The suggestions include setting up a holding company and listing the operating company on the Nasdaq. Now, Samsung will not only have to firefight battery related issues in its smartphone, but also in the board room. In a fresh signs… Read More ›
Lenovo & Fujitsu to collaborate on PC business
The two are in early talks, according to the Nikkei. Lenovo could either buy a majority stake in Fujitsu or there could be a merger. Nikkei has reported the matter citing anonymous sources. Japan’s Nikkei business daily has reported that… Read More ›
European banks are near their 2016 nadir, ‘time to buy’ says Citi analysts
Of late European banks have had a tough time: while they struggle to survive the post-Lehman brothers scenario, Britain’s historic decision to leave the EU has again taken a toll on the sector. As a result their share prices have… Read More ›