Author Archives
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Starting from his Father’s Basement, this Immigrant Build up a $78 Million Company
Harrison Tang, the CEO and co-founder of Spokeo never backs down from a challenge and despite this success didn’t come easy for him. He didn’t speak any English and desperately wanted to go back to his home country when Tang first… Read More ›
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Middle East Mega Bonds Eyed by Chinese Banks With Global Dreams
Making use of the old Silk Road marketing new goods – debut bonds from Saudi Arabia to Kazakhstan, is the road that Bank of China Ltd. is heading down. Three mandates to co-manage emerging-market Eurobonds, including the Saudi government’s international… Read More ›
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As Modi Moves to Spend $150 Billion, India Lifts Veil on Army
Climbing into tanks and talking to combat soldiers is an eye-opener for those private-sector executives in India who normally get only snippets of information to design components of complex military hardware. Unprecedented access to India’s secretive military was given to… Read More ›
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Plants in UK to be Closed by Ford to Combat $1 Billion Brexit Blow
Ford has forecast a $1 billion hit to its business over the next two years and is considering closing plants in the UK and across Europe in response to Britain’s vote to leave the EU. Before the end of the year,… Read More ›
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Corporate Profits Roiled Around the Globe due to Venezuela Crisis
To insulate themselves from a worsening economic crisis in Venezuela that has erased more than $10 billion in profits over the past 18 months, U.S. companies operating in the South American country have escalated the use of an accounting maneuver…. Read More ›
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‘Gradual Shift Towards Helicopter Money’ seen by Citi Group
As countries struggle to boost growth and inflation in uncertain geopolitical climes, Citi group has forecast a “gradual shift towards helicopter money” by advanced economies. It is widely expected that the Bank of Japan would launch another major stimulus program… Read More ›
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Travel to Europe could be Upended by JetBlue’s New Airbus
A European expansion that could start by 2019 is the target of JetBlue and the airline is positioning itself to grab some of that market share. 15 Airbus A321neo, the new engine option aircraft, would be converted to the A321LR,… Read More ›
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At Heart of 1MDB Case is Saudi Royal Oil Group
The PetroSaudi International has been left grappling with questions by the US authorities over its dealings with the scandal-racked 1MDB, the Malaysian state wealth fund. This Saudi company that was co-founded by a Saudi prince and claims to a “partner… Read More ›
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More Debt than the GDP of Some Nations Planned by Asia’s Oldest Railway
To help fund an unprecedented modernization plan, the Indian Railways plans to rack up debt that is more than the GDP of many countries. According to the Indian Railway Minister Suresh Prabhu, some 2.5 trillion rupees ($37 billion) of debt is required… Read More ›
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Brexit M&A Loss could be $340 billion for UK:Study
Law firm Baker & McKenzie said that the global economy will stand to lose up to $1.6 trillion and the U.K. up to $338 billion in lost merger-and-acquisition activity by 2020 by the Brexit vote. “An active M&A market is… Read More ›
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