The achievement by the United States based electric car maker Tesla of being able to deliver record number of electric cars in the second quarter as promised by its Chief Executive Officer Elon Musk resulted in increased confidence of investors… Read More ›
Day: July 3, 2019
AB InBev to list its Asia-Pacific business in Hong Kong in $9.8 billion IPO
The IPO values Budweiser Asia, AB InBev’s Asia-Pacific business, at 16-18 times its enterprise value (EV) to EBITDA. This will be the biggest IPO to hit the market in 2019. In a significant development, Anheuser-Busch InBev NV stated, it is… Read More ›
Britain’s whiskey exports to the U.S. threatened by Trump’s additional trade tariffs
U.S. President Donald Trump has threatened to impose additional tariffs on $4 billion EU goods, including on Britain’s Scotch whisky, Italy’s cheese and olives. The Scotch Whisky Association (SWA) has urged U.S. President Donald Trump to end his trade dispute… Read More ›
Relocation of FCA from Italy to Netherlands will significantly impact state revenues
Italy’s antitrust watchdog has complained that with more companies following FCA’s trail, the Italian state will see severe loss of state revenues. Italy’s national competition watchdog has stated, the decision by Fiat Chrysler Automobiles (FCA) to move its financial and… Read More ›