While United States President Donald Trump has been seeking Chinese help to rein in North Korea, China is sure to be angered by the plan of the U.S. to sell Taiwan $1.42 billion in arms, the first such sale under the administration… Read More ›
Month: June 2017
Fallout From Maersk Cyber Attack Felt By Global Shipping Industry
The scale of the damage a computer virus can unleash on the technology dependent and inter-connected industry is shown as the global shipping industry is still feeling the effects of a cyber attack that hit A.P. Moller-Maersk two days ago…. Read More ›
The SEC’s confidential draft statement for IPOs is designed to boost the U.S. primary market
The new SEC chairman has allowed companies to file confidentially prior to their IPOs. The rule will apply to even those companies who have yet to make their first year into the public reporting system. In a development that is… Read More ›
Nike’s pilot program with Amazon could lift its global sales by 1%
While Nike has managed to rein in costs, its sales have exceed analysts’ expectation. Nike, the world’s largest footwear manufacturer has disclosed, it would be launching a pilot program with Amazon.com to sell a limited assortments of its wares on… Read More ›
Trump Administration to go ahead with $1.42 billion arm sales to Taiwan
China needs to recognize that its gamble to help North Korea’s nuclear and missile programs in contrast to world opinion will have consequences and this U.S Administration will not shy away from taking punitive action. The Donald Trump Administration is… Read More ›
‘Death By A Thousand Cuts’ Faced By The Iran Nuclear Deal
The Iran nuclear deal may face a lingering death even though, in a day-one spectacular, United States President Donald Trump decided against killing off the nuclear deal. On the need for a tougher line against Iran, Trump’s administration speaks with one voice… Read More ›
New Market Outlook Makes Investors Scramble To Keep Up Pace
The second half of 2017 just got a lot more interesting for investors scrambling to keep pace with a hawkish shift in the world’s biggest central banks. Based on overnight index swap rates and with the Bank of England and… Read More ›
Warren Buffet’s Berkshire Hathaway set to be Bank of America’s biggest shareholder
With this development, Buffet has nearly tripled the return of investments he made 6 years ago. In a significant development, Warren Buffett’s Berkshire Hathaway Inc, is on the verge of becoming the largest shareholder of Bank of America Corp. On… Read More ›
Sycamore Partners acquires U.S. Office supplies chain Staples Inc for Rs $6.9 billion
The deal underscores Sycamore’s strategic discerning ability to pick up a healthy company from a basket of bankrupt-laden ones. On Wednesday, Sycamore Partners stated it would go ahead and acquire U.S. office supplies chain, Staples Inc for a cool $6.9… Read More ›
Google Slapped $2.7 Billion Fine By EU, IT Giant To Appeal Against Ruling
For competition abuses related to its shopping business, Google has been hit with a record 2.4 billion euro ($2.7 billion) fine. On the basis that Google manipulated its market dominance to the disadvantage of smaller competitors and European consumers, the… Read More ›
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