Author Archives

• U.S. President Donald Trump signs memorandum to protect lobster industry, vows tariffs on China

  By admin1 on June 25, 2020 • ( 0 )

  

  In a development that could add more barbs to the ever increasing U.S.-China trade tensions, U.S. President Donald Trump has signed a memorandum aimed at protecting American lobster fishermen who have found export markets drying up. “If those purchase commitments… Read More ›

• SoftBank plans on selling T-Mobile US Inc at $103 per share

  By admin1 on June 24, 2020 • ( 0 )

  

  According to a source familiar with the matter at hand, SoftBank Group Corp is set to sell a portion of its stake in U.S. wireless carrier T-Mobile US Inc at $103 per share to raise $13.76 billion. On Monday, SoftBank… Read More ›

• Dell weighing its options on VMware

  By admin1 on June 24, 2020 • ( 0 )

  

  According to a report from the Wall Street Journal, Dell Technologies Inc is weighing its options of divesting its roughly $50 billion stake in cloud computing software maker VMware Inc. Dell’s options also include buying the remaining stake in VMWare,… Read More ›

• Volkswagen AG in acquisition talks with French car rental firm Europcar Mobility Group SA

  By admin1 on June 24, 2020 • ( 0 )

  

  According to sources familiar with the matter at hand, Volkswagen AG is holding talks with Europcar Mobility Group SA to acquire it. The potential deal will allow the carmaker to better capitalize on its fleet. The dealmaking comes at a… Read More ›

• U.S. companies forced to compete with state-backed companies in China

  By admin1 on June 24, 2020 • ( 0 )

  

  U.S. Treasury Secretary Steven Mnuchin stated, U.S. companies will decouple from China if they are not allowed to compete on a fair and level basis in China with its domestic companies. Mnuchin made these remarks while speaking at a virtual… Read More ›

• Abu Dhabi National Oil Company signs $10 Billion gas infrastructure deal with consortium of investors

  By admin1 on June 23, 2020 • ( 0 )

  

  On Tuesday, Abu Dhabi National Oil Company (ADNOC) stated, it had signed a $10 billion gas infrastructure deal with a consortium of investors. The deal comes at a time when gas prices are at a low. The pipeline deal is… Read More ›

• Sacramento court rules in favor of Bayer in Roundup case

  By admin1 on June 23, 2020 • ( 0 )

  

  According to a report from Bloomberg, A federal judge in Sacramento, has ruled in favor of Bayer AG and has blocked California from requiring the German-based company to tell consumers that its herbicide Roundup is known to cause cancer. In… Read More ›

• BlackRock warming up to European assets

  By admin1 on June 23, 2020 • ( 0 )

  

  On Tuesday, BlackRock’s Investment Institute stated, it was “warming up” to European assets following what it termed as an “impressive” performance by the Eurozone to tackle the Wuhan coronavirus. The Investment Institute, the research arm of BlackRock, the world’s biggest… Read More ›

• Former CEO of Wirecard Markus Braun detained on allegations of inflating the company’s revenues and balance sheet

  By admin1 on June 23, 2020 • ( 0 )

  

  On Tuesday, Markus Braun, the former Chief Executive of Wirecard has been detained on accusations of make fake entries to boost the company’s balance sheet and revenues to make it appear stronger in order to attractive more customers and investors,… Read More ›

• Tesla Inc could have its AGM on September 15, 2020

  By admin1 on June 22, 2020 • ( 0 )

  

  Tesla Inc’s Chief Executive Officer Elon Musk stated, the “tentative” date for the company’s annual general meeting would be September 15. The annual shareholder meeting was scheduled for July 7, but the meeting got postponed since new lockdown rules do… Read More ›