While Air-France-KLM’s management has offered a pay hike of 2% in 2018 and a further hike of 5% across the next three years, the union has demand that in the very first year itself salaries be raised by 5.1%. The… Read More ›
Month: May 2018
Carlyle Group set to raise $6.5 billion for its new Asia focused private equity fund
The deal marks the coming of age of Asia focused funds, which are increasingly making strong headway in strong growth markets such as India, China and Japan. According to sources with direct knowledge of the matter at hand, the Carlyle… Read More ›
Nestle agrees to pay $7.15 billion in royalties to Starbucks to reinvigorate its coffee business
Nestle’s stratgic alliance with Starbucks underscores the fact that it is not shy to partner with its peers midst fast changing market conditions. On Monday, in a strategic move aimed at creating a global coffee alliance, Swiss food giant Nestle… Read More ›
World’s Biggest IPO Since 2014 To Be Launched By Chinese Tech Company Xiaomi
In what is potentially the biggest public listing for a Chinese technology company in almost the last four years, Xiaomi., the Chinese smartphone and connected device maker, filed for its Initial Public Offering at the Hong Kong stock exchange earlier… Read More ›
China’s Warning To Airlines Is Called ‘Orwellian Nonsense’ By White House
Foreign airlines were warned by China that they should change the manner in which they identify Taiwan and some other areas in on their company websites recently. This has been publicly admonished by the White House. Any information on their… Read More ›
Ferrari Has Sold Out All Of Its Models For 2018 And Some For 2019 Already
Riding on a very good season of sale, the Italian supercar manufacturer reported profits that surpassed the expectations of the analysts as the company declared that it had sold out all of its models for 2018 as well as a… Read More ›
47 Per Cent Income Growth For Alibaba In 2018 Fiscal Year
There has been a 47 per cent increase compared to the same period a year ago in net oncome for the fiscal year ended March 2018 for China’s e-commerce giant Alibaba, the company announced on Friday. The net income was… Read More ›
Reports Say Walmart Secures 75% Stake In Indian E-Retailer Flipkart, Trumps Amazon
In India, the new battle ground between Walmart and Amazon.com, the largest retailer in the world apparent seems to have trumped to its online rival Amazon and is slated to take up a majority stake at Flipkart – India’s largest… Read More ›
6,000 Jobs Expected To Be Cut By BT As Part Of Restructuring
Troubled by its Italian accounting scandal, that lasted for at least 18 months, BT is attempting to rebuild investor confidence and is all set to announce job cuts to the tune of about 6,000 globally. The company has also been… Read More ›
China opens up its iron ore future’s market to outside investors
The move, part of a bigger gameplan, is aimed at gaining pricing control over the import of China’s major commodities. With China launching its “internationalised” iron ore contract, Glencore, a global trader, was the first foreign firm to carry out… Read More ›
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