While Wal-Mart has struggled to compete in its home ground, its potential tie-up with UK’s Sainsbury Plc and India’s Flipkart promises to be the growth engine it once was. Wal-Mart, the world’s biggest brick-and-mortar retailer is making urgent efforts to… Read More ›
The potential merger, a stock and cash deal, between Britain’s second and third biggest retail groups has cost synergies of at least 500 million. In a significant development, Britain’s Sainsbury has agreed to acquire Walmart’s Asda for around $10 billion… Read More ›
Here is how Jean Claude Junker is striving to bridge unity in diversity within the European Union. Next week, the European Union is set to deploy a new financial tool in am attempt to reign in what it sees as… Read More ›
After the expiring of the temporary exemptions from the steel and aluminum tariffs on Tuesday, there are plans by the Trump administration to extent the exemption to some countries – not all, said U.S. Commerce Secretary Wilbur Ross. Ross however… Read More ›
A Deutsche Bank research report has predicted that the Indian economy and its GDP will likely grow at the rate of 7.5 per cent for the current financial year and added that the economy is witnessing a “cyclical upswing”. “Our… Read More ›
Its Chairwoman and legal counsel have resigned with immediate effect. Analysts expect more heads to roll in the coming weeks. On Monday, following damaging revelation of inappropriate behavior at AMP, Australia’s largest-listed wealth manager, Catherine Brenner, its chairwoman and Brian… Read More ›
The potential deal is expected to produce $1 billion in synergies. As per a Wall Street Journal report, Marathon Petroleum Corp, a U.S. refiner has proposed to acquire its peer Andeavor for more than $20 billion in a cash-and-stock deal… Read More ›
The Unites States Commerce Department announced on Friday that there has been a slowdown in the U.S. economy in the first quarter of 2018. The department said that compared to the rate for Gross Domestic Product (GDP) growth of 2.9-per… Read More ›
The deep integration of the global economy is the reason that everyone would be harmed by unilateralism and trade protectionism and there would be no benefits for anyone, China said earlier this week just as two senior U.S. officials are… Read More ›
The Embraco compressor business of Whirlpool will be sold to Nidec Corporation in a cash deal that would be worth of $1.08 billion, the companies announced recently. It is expected that the deal would be closed by the first half 2019…. Read More ›
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