Author Archives

• At Heart of 1MDB Case is Saudi Royal Oil Group

  By admin2 on July 27, 2016 • ( 0 )

  

  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 ›

• More Debt than the GDP of Some Nations Planned by Asia’s Oldest Railway

  By admin2 on July 25, 2016 • ( 0 )

  

  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 ›

• Brexit M&A Loss could be $340 billion for UK:Study

  By admin2 on July 25, 2016

  

  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 ›

• Recession Risk Increases as Brexit Wreaks Havoc on U.K. Economy

  By admin2 on July 23, 2016 • ( 0 )

  

  As business activity shrank at its fastest pace since the last recession seven years ago, the U.K.’s decision to leave the European Union inflicted an immediate blow on the economy. Markit Economics said in a one-time report published on Friday,… Read More ›

• Syngenta CEO says Despite ChemChina Distraction, Company Focused on Growth

  By admin2 on July 23, 2016 • ( 0 )

  

  Amid ongoing discussions with regulators over its $43 billion takeover by ChemChina, Syngenta has not taken its eye off the ball. Following the reporting by the company of its results where it’s sales and profit that missed expectations, the chief… Read More ›

• Brexit Jitters Result in a Fall of 27% in Europe Venture Capital Start-up Funding

  By admin2 on July 22, 2016 • ( 0 )

  

  With deals in the U.K. and Ireland hitting a five-year low amid uncertainty surrounding Brexit, the amount of capital being invested in technology start-ups in the region has plummeted even though European venture capital funds (VC) raised a record amount… Read More ›

• Huawei Sued by Samsung Elec in China for Patent Infringement

  By admin2 on July 22, 2016 • ( 0 )

  

  A legal conflict between two smartphone rivals has been escalated in China as more legal suits are filed against one after the other had done so some time back. Huawei Technologies Co Ltd was sued for patent infringements through multiple… Read More ›

• Post Brexit, Amsterdam Is Coming to Get London (Business)

  By admin2 on July 21, 2016 • ( 0 )

  

  By focusing on quietly targeting specific sectors like clearing, fintech and high frequency trading, Amsterdam is taking a different approach from other European cities to lure London’s post-Brexit business. “Within that financial sector, there are parts, niches, clusters that will… Read More ›

• Lapses at DBS, UBS, Standard Chartered Uncovered in Singapore in Relation to 1MDB Scandal

  By admin2 on July 21, 2016 • ( 0 )

  

  Singapore’s central bank has said that it had found lapses and weaknesses related to the beleaguered Malaysian wealth fund which has embroiled DBS, UBS and Standard Chartered in the scandal surrounding 1MDB. Actions against the banks would be taken as… Read More ›

• $20 Million Raised by Start-up Developing Keyhole Surgery Robot

  By admin2 on July 20, 2016 • ( 0 )

  

  Backed by European automation giant ABB, $20.3 billion was raised by a start-up creating robots to assist surgeons in carrying out keyhole surgery. A surgeon is allowed to operate by only making a tiny incision rather than a large opening… Read More ›