The contract includes providing ground support, supplying spare parts and provide Patriot missiles for a host of countries. The Pentagon has disclosed that Lockheed Martin Corp has won its contract worth $1.45 billion to manufacture Patriot missiles, for spare parts… Read More ›
After the world’s oldest bank, Monte dei Paschi di Siena, failed to secure backing from private investors, Italy’s government approved a state bailout for the bank. In order to help the country’s embattled banking sector, with BMPS, Italy’s third largest bank,… Read More ›
2016 has been all about consolidation for oil-rich Persian Gulf states, Cutting of state spending, tapping reserves and combining some of their largest banks to reduce costs and duplication has been forced in countries such as the United Arab Emirates,… Read More ›
Shipping record volumes to a southern neighbor that has failed to expand its refining network to supply a fast-growing economy, U.S. Gulf Coast refiners are cashing in on rising fuel demand from Mexico. Providing business worth more than $15 billion… Read More ›
Saudi Arabia said on Thursday that it will increase government spending in 2017 to boost flagging economic growth after it ad successfully cut into its huge state budget deficit this year. In 2016, the deficit shrank to 297 billion riyals… Read More ›
InvenSense produces gyroscopes for Samsung’s and Apple’s smartphones. The acquisition will expand TDK’s footprint in the sensor technology segment. Japan’s TDK Corp, an electronics part manufacturer, has disclosed that it is all set to acquire U.S chip manufacturer InvenSense Inc.,… Read More ›
This marks AB InBev’s final disinvestment following its acquisition of SABMiller. Subject to regulatory approvals, this deal is set to close by the end of 2017. In a development that underscores AB In-Bev’s push to consolidate its acquisition of SABMiller,… Read More ›
Cao Dewang’s recent decision to move part of his operations to the United States has some asking whether the days of China as a manufacturing haven are over even as he became a billionaire by making glass for the world’s top carmakers. The U.S…. Read More ›
A special advisor on regulation for the new U.S. Trump administration has been chosen to be billionaire investor Carl Icahn. He is a frequent critic of some Obama administration rules and a major fossil fuel investor. The president-elect’s transition team announced… Read More ›
More risk factors are expected to unfold in 2017 following a year packed with economic and political uncertainty. However, when looking at the year ahead, Brexit and Donald Trump’s presidency isn’t what concerns him the most at present for one… Read More ›
manageria.biz 