Championed by Saudi’s Mohammed bin Salman, the Deputy Crown Prince, the world’s biggest IPO is expected to be valued to at least $2 trillion. Saudi Aramco has selected Morgan Stanley, JPMorgan Chase & Co and HSBC Holdings Plc as its… Read More ›
Day: February 22, 2017
Icahn boosts his stake in Bristol-Myers Squibb giving rise to takeover rumours
The company has added three new directors to its board, thus extending it to 14 directors. NY-based activist investor, JANA partners has boosted its stake in the company, although sources say it is less than 1%. In a move that… Read More ›
Andrew Olmem joins White House economic council
Although it is as yet unclear as to what post Olmem will take, the National Economic Council coordinates on economic policy matters across Trump’s Cabinet. Olmem, an attorney, was a leading staff negotiator who put together the Doff-Frank Act, which… Read More ›
TransferWise launches FB chatbox for international money transfers
You can now transfer funds with friends and family through FB Messenger as long as they are located in located in Britain, Europe, U.S., Canada and Australia. Competition in the digital payment landscape has just intensified: TransferWise, a money transfer… Read More ›
Toshiba seeking to raise $8.8 billion from its stake in its flash memory unit
Toshiba’s strategy is pretty simple: retain control over the business despite selling portions of its majority stake to multiple bidders and raise $8.8 billion in the process. In the wake of Toshiba seeking to write-off $6.3 billion on its nuclear… Read More ›
EU’s privacy watchdog, Article 29 Working Party, flags Microsoft’s Win 10 for potential privacy violations
It would appear that Microsoft has made cosmetic changes to its default installation process of Windows 10. The fact that Windows 10 phones home with user specific data, which Microsoft process for various purposes, is a privacy concern for most… Read More ›