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 ›
Month: November 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 ›
UK Prime Minister Sets Up Brexit ‘Business Councils’ For Strategy Setting
Five new business councils have been formed by the British Prime Minster Theresa May to advise the government on the best ways to create the most suitable business environment in the country after implementation of Brexit. There are some bog… Read More ›
ISIS Is Still A ‘Problem’ Online Though It Has Lost Influence On Ground, EU Security Official
According to Julian King, the EU’s commissioner for the security union, the Islamic State is still “very much a problem” because this terrorist organization that once had under its control extensive areas in Syria and Iraq, us still continuing to… Read More ›
Tesla appoints Robyn Denholm as Musk’s replacement as the board’s chairman
The move is essentially a compliance against the deal Tesla entered with the SEC in September 2018 to settle fraud related charges against Tesla and Elon Musk. As demanded by the U.S. Securities and Exchange Commission, Tesla Inc’s board… Read More ›
Saudi think-tank studying possible breakup of OPEC
The Saudi Government-funded think tank is studying the potential impact this move would have on the oil market. The Wall Street Journal has reported citing sources familiar with the matter at hand as saying, a top government-funded think tank in… Read More ›