Author Archives
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Creation of Two Steel Giants by Merger Being Mulled by China: Reports
Creating two steel giants – one located in the north and another in the south, China is considering a sweeping overhaul of its steel industry through consolidation, Bloomberg reported quoting people familiar with the plan. The sources said that while… Read More ›
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Advantages to Uber from Selling its China Business to Didi Chuxing
After selling its China business to a domestic rival – Didi Chuxing, Uber has virtually bowed out of the world’s second-largest economy. Bringing an end to the brutal battle in China between the two apps, the combined new company is… Read More ›
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$35 Billion to be Spent to Buy Uber’s China Business by Taxi App Rival Didi Chuxing
Uber’s China business would be taken over by rival Chinese ride-hailing service Didi Chuxing. This announcement was made by both the companies on Monday. The combined company would be valued at $35 billion according to a person familiar with the… Read More ›
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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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