The intensive and relentless efforts by the United States President Donald Trump to reduce the trade deficit with Japan, expectations of an increase in exports to the US because of trade talks between the two countries was expressed by almost… Read More ›
Day: November 12, 2018
Significant Crude Price Drop In One Month Forces Opec To Close In On Production Cuts
After almost a year of increasing oil output, the Opec and its allies are now poised to again reduce production with the aim of cutting down supply of crude to the market in 2019 to shore up prices. Saudi Arabia,… Read More ›
IMF Expects Argentine Recession To Turn Around In Q2 Of 2019
According to the International Monetary Fund, the recession in the Argentine economy would bottom out by the first three months of next year and a recovery in the economy would be initiated in the second quarter of 2019. The IMF… Read More ›
British parliament likely to vote down May’s Brexit deal: Justine Greening
Justine Greening, the former education minister from Theresa May’s cabinet, has joined the growing chorus for a second Brexit referendum. On Monday, Justine Greening, the former education minister from Theresa May’s cabinet stated, the British parliament will vote down Prime… Read More ›
Sazerac acquires 19 spirit brands from Diageo Plc for $550 million
The deal assumes significance since it marks Sazerac’s new market focus on premium brands and also because it continues to maintain consistence across Diageo’s spirits, as the two have entered into a long-term supply contracts agreement. U.S. based Sazerac is… Read More ›
Elliott Management and Veritas Capital acquire Athenahealth for $5.5 billion
Athenahealth’s subscription-based cloud service tracks the revenues of hospitals, physicians and patients. According to sources familiar with the matter at hand, activist hedge fund Elliott Management and private equity firm Veritas Capital have agreed to acquire Athenahealth Inc, a U.S…. Read More ›