American companies including Lockheed Martin, Boeing, and Raytheon will be sanctioned by China over the companies being engaged in selling weapons to Taiwan. The United States was urged to stop selling arms to the self-governed island of Taiwan and to… Read More ›
On Tuesday, in a statement HSBC Holdings PLC said, it plans on accelerating its restructuring plans after it posted a 35% drop in quarterly profits and flagged an easing in its provisions for bad debts citing an expected improvements in the… Read More ›
In a statement, U.S. jeweler Tiffany & Co stated, it has received all required regulatory approvals for the completion of a $16 billion (12.29 billion pounds) acquisition by French luxury goods group LVMH, The approval from the European competition comes… Read More ›
In a statement the Pentagon said, the State Department has approved the potential sale of 100 Harpoon Coastal Defense Systems to Taiwan, in a deal worth up to $2.37 billion. The development comes days after the State Department approved the… Read More ›
According to two sources with direct knowledge of the matter at hand, China’s Ant Group is set to close its Hong Kong institutional book building a day ahead of schedule, as it races to raise $17.2 billion from the city…. Read More ›
In a significant development, U.S. oil giant Chevron Corp is staking its natural gas future on the Middle East, a typically volatile region where energy majors have long tread warily. Chevron’s CEO Michael Wirth’s Middle Eastern pivot underpins a bet that… Read More ›
According to a report from Bloomberg News, U.S. buyout group Carlyle Group Inc is closing in on a deal to acquire Siemens AG’s mechanical drive arm Flender for around $2.37 billion (2 billion euros). A deal could potentially be announced later this… Read More ›
In a statement Baskin Robbins chains owner Dunkin’ Brands Group Inc said, it has held preliminary discussions with private equity-backed restaurant company Inspire Brands. “There is no certainty that any agreement will be reached,” said Karen Raskopf, Chief Communications Officer of… Read More ›
Late on Sunday, a spokeswoman for Blackstone Group Inc said, the asset manager has reached an agreement to acquire Simply Self Storage from Canada’s Brookfield Asset Management Inc for around $1.2 billion. The news confirms an earlier report from the Wall… Read More ›
Almost half of its current portfolio of brand is to be cancelled by Coca Cola. Some beloved but out dated drinks such as Tab, Zico and Odwalla would be discontinued by it, the beverage giant had already announced. But earlier… Read More ›
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