Author Archives
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Top Economists say Tax Havens Have no Economic Justification
Demanding that the veil of secrecy that surrounds tax havens be lifted, world leaders at a London summit this week would be urged to recognize that there is no economic benefit to tax havens by more than 300 economists, including… Read More ›
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Performance Materials from Air Products to be Bought by Evonik for $3.8 Billion
Strengthening its leading position on the high-margin specialty & coating additives market, the Specialty & Coating Additives business (Performance Materials Division) of the US company Air Products and Chemicals would be acquired by Evonik Industries AG for 3.8 billion US… Read More ›
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As Evacuations Continue Canada Wildfire Could Double in Size
As authorities warn the blaze could double in size by the end of Saturday, more than 88,000 people have left wildfire-ravaged Fort McMurray in western Canada. As flames and smoke continued to play havoc with efforts to get to safety,… Read More ›
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Approval of Charter, Time Warner Cable Merger Confirmed by FCC
Charter Communications Inc’s acquisitions of Time Warner Cable Inc and Bright House Networks were approved in a announcement by the U.S. Federal Communications Commission which confirmed the acquisition on Friday. Approval from regulators in California is the last approval that… Read More ›
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Size of Telecom Bust Close for the U.S. Oil Industry Bankruptcy Wave
With 59 oil and gas companies now bankrupt after this week’s filings for creditor protection by Midstates Petroleum and Ultra Petroleum, the rout in crude prices is snowballing into one of the biggest avalanches in the history of corporate America…. Read More ›
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Issue of Influence of Sponsor BP being Investigated against British Museum
There have been allegations that some of Britain’s most revered cultural institutions have broken its code of ethics in the way they dealt with one of their commercial sponsors, BP and the allegations are being investigated by the Museums Association, reported… Read More ›
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Qatar’s push for seat Balked by VW executive committee: Reuters
A request that has met with substantial opposition, shareholder Qatar has asked Volkswagen for a seat on the company’s executive committee as they are frustrated with the pace of reform at Volkswagen, reported Reuters quoting two sources familiar with the… Read More ›
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Eurozone Economy Speeds up En-route to Recovery
The official statistics state that the eurozone’s economy grew by a faster-than-expected 0.6% in the first three months of the year. The growth was above analysts’ expectations 0.4% and from the 0.3% rate recorded in the previous quarter the growth… Read More ›
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His Entire Stocks in Apple Cold by billionaire Investor Carl Icahn
Citing the risk of China’s influence on the stock, Carl Icahn, the the billionaire activist investor who has long been one of the most prominent voices declaring the company to be undervalued says he has sold his entire stake in… Read More ›
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World’s Largest Private Tech Investment Round Yields $4.5 Billion for Alibaba’s Ant Financial
A US$ 4.5 billion Series B round of financing WAS completed by Alibaba’s Ant Financial Services Group, one of the world’s largest online financial services companies, the company said on Tuesday. According to some sources, the company is now valued at… Read More ›
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