Author Archives

• LG Chem divests its battery business, tentatively names it LG Energy Solutions

  By admin1 on October 30, 2020 • ( 0 )

  

  On Friday, a source familiar with the matter at hand said, shareholders of LG Chem have approved a proposal by company to separate its battery business into a new company. The development paves the way for its battery business, to… Read More ›

• Delta Air Lines reaches preliminary deal with pilot union to avoid furloughs

  By admin1 on October 30, 2020 • ( 0 )

  

  Late on Thursday, Delta Air Lines Inc said, it has reached a preliminary cost-cutting deal with the union that represents its pilots with the deal aiming to prevent furloughs until January 1, 2022. Delta MEC, a unit of the Air Line… Read More ›

• Oil major Exxon Mobil keeps Q4 dividend unchanged, a first since 1982

  By admin1 on October 29, 2020 • ( 0 )

  

  In a development that marks and underscores the massive impact the coronavirus is having on the oil industry, Exxon Mobil Corp stated, it will keep its fourth-quarter dividend flat at 87 cents a share. This is the first time since 1982… Read More ›

• Indian conglomerate Tata Group negotiating purchase of majority stake worth $1 billion in BigBasket

  By admin1 on October 28, 2020 • ( 0 )

  

  In a report, the Economic Times reported citing three sources familiar with the matter at hand as saying, India’s salt-to-software conglomerate Tata Group is in advanced talks to acquire to a majority stake in Indian online grocery startup BigBasket for… Read More ›

• Vietnam signs $2.8 billion LNG deal with AES Corp: U.S. Secretary of State Mike Pompeo

  By admin1 on October 28, 2020 • ( 0 )

  

  On Wednesday, U.S. Secretary of State Mike Pompeo stated, AES Corp will sign a deal with PetroVietnam Gas to develop a $2.8 billion liquefied natural gas (LNG) import terminal as well as a power plant in Vietnam. “Vietnam has given the… Read More ›

• Europe’s biggest bank by asset, HSBC accelerates restructuring plan after posting 35% drop in Q3 profits

  By admin1 on October 27, 2020 • ( 0 )

  

  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 ›

• European Commission clears regulatory approval for LVMH’s $16 billion acquisition of Tiffany & Co.

  By admin1 on October 27, 2020 • ( 0 )

  

  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 ›

• U.S. State Dept approves $2.37 coastal defense systems to Taiwan: Pentagon

  By admin1 on October 27, 2020 • ( 0 )

  

  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 ›

• Ant Group set to close $17.2 billion Hong Kong and Shanghai institutional offer 1 day ahead of schedule

  By admin1 on October 27, 2020 • ( 0 )

  

  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 ›

• Chevron’s Middleastern pivot central to its energy strategy

  By admin1 on October 26, 2020 • ( 0 )

  

  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 ›