Tests on the functions and ability of a robot which would take care of home deliveries is planned to be conducted by FedEx Corp this summer with a wide range of companies including the likes of Walmart Inc and Pizza… Read More ›
Month: February 2019
German Firm Merck Puts In Bid For Acquisition Of Versum
The German pharma firm Merck is aiming to prevent Versum Materials Inc from merging with another semiconductor components making company and has placed an offer of $5.9 billion for an acquisition of Versum. A proposed merger between Tempe, Arizona-based Versum… Read More ›
Novartis faces shareholder ire at AGM over skyrocketing drug prices
Shareholders are scheduled to vote on Novartis’s planned spin-off of its Alcon eye care unit. On Thursday, at the annual general meeting of Swiss drugmaker Novartis, shareholders came in heavily at the drugmaker for the hike in drug prices. Novartis… Read More ›
Delayed Brexit adds to uncertainty: Aston Martin’s CEO
British lawmakers will be taking a vote on delaying Brexit on March 14 – just two weeks ahead of its scheduled departure. Following British Prime Minister Theresa May promise to lawmakers that she would provide them an opportunity to extend… Read More ›
Disney agrees to divest Fox Sports in Brazil for its $52.4 billion acquisition of 21st Century Fox
Disney has agreed to divest the local rights for the Fox Sports channel in Brazil to a buyer at no additional costs. In a significant development, Brazil’s antitrust regulator, CADE stated, Walt Disney Co has accepted its demand to sell… Read More ›
EU tightens investment rules for financial firms for the Eurozone
These rules once passed by the EU Council and the EU Parliament, will provide the European Commission with the means to assess firms which operate like banks and impose and subject them to a stricter regulations. This has implications for… Read More ›
Deutsche Bank could potentially acquire Commerzbank
A major shareholder common to both banks is open to the idea of their merger. But question is, can they both turnaround on their own? On Wednesday, Cerberus, a U.S. investor which has a major stake in Germany’s Commerzbank and… Read More ›
HSBC’s internal investigation uncovers Huawei’s financial ties to Iran and Syria
This is the first time HSBC’s internal probe has been made publicly available. As per an internal probe by HSBC Holdings PLC into Huawei Technologies’ dealings with a suspected front company in Iran found that China’s Huawei maintained close financial… Read More ›
Basis Of US Charges Against Huawei CFO Is A HSBC Investigation
The revelation of close financial ties existed between the Chinese tech giant Huawei and a suspected front company in Iran was made during an internal prove conducted by the HSBC. The probe found that the relationship had existed for years… Read More ›
‘Crisis Of Perception’ Faced By Oil Industry: Saudi Aramco
The global oil industry faces a “crisis of perception” since the industry is viewed as a one that has no future, said Saudi Arabia’s state oil company. It however cautioned that such an attitude could jeopardise global energy security. Because… Read More ›
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