Author Archives
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Amazon in talks with UK food delivery app Deliveroo
Amazon intends to invest a substantial proportion of the $575 million funds that Deliveroo raised, into the gig economy. Amazon.com Inc intends to invest in UK food delivery app Deliveroo as part of a $575 million fundraising. The world’s biggest… Read More ›
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Nestle SA in exclusive talks with consortium led EQT Partners and ADIA for selling its skin health business
Although there is no certainty that the deal will go through, but if and as and when it does, Nestle will provide an update on how it will use the proceeds as well as provide a layout of its future… Read More ›
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Berkshire Hathaway Inc discloses $861 million stake in Amazon.com
Berkshire Hathaway Inc position in Amazon.com was made in a regulatory filing. Many investors monitor Berkshire’s quarterly filings for signs of which companies Buffett, Weschler and Combs see value. In a regulatory filing, Warren Buffett’s Berkshire Hathaway Inc disclosed that… Read More ›
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China sold U.S. Treasuries worth $20.45 billion in March 2019
Although, this could be part of a retaliatory move, it is to be noted that central banks of export-oriented countries often sell their U.S. Treasury holdings in order to hedge their currencies from a sharp appreciation of the greenback. According… Read More ›
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Elliot Management supports SAP’s cost cutting program
In Wednesday’s annual general meeting, SAP is expected to focus on its restructuring program that will mold it into a digital platform business. On Wednesday, Bill McDermott, the CEO of German business software firm SAP told shareholders that it is… Read More ›
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Intesa rulls out leading consortium for rescue effort for Carige
Intesa’s CEO has ruled out leading a rescue effort for Carige. On Wednesday, Intesa Sanpaolo’s Chief Executive Carlo Messina stated, it will not invest any more into an industry fund that could come to the rescue of struggling regional lender… Read More ›
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China’s economic cools unexpectedly in April
The escalation in the U.S.-China trade war marks a stunning turning point in U.S.-China relations. With the impact of U.S. tariffs on the Chinese economy sinking in, Beijing will have to do a lot more to manage its public image…. Read More ›
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Citigroup to expand Indian footprint with Paytm tie up
The partnership is a win-win situation for both companies. Partnering with Paytm will help Citi expand its financial product base given Paytm’s market dominance in India’s digital payment services market. In a strategic move, India’s biggest digital payments firm Paytm… Read More ›
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U.S.-China trade war unlikely to trigger “Lehman shock” on global economy
in order to mitigate some of the impact of the U.S.-China trade war, Japan plans on laying the groundwork for a hike in sales tax. On Tuesday, Japanese Finance Minister Taro Aso stated the U.S.-China trade war is not likely… Read More ›
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China’s auto sales continue downward trend in April
On the bright side, the sales of new energy vehicles have risen by 18.1% in April. In a significant development, vehicle sales in China fell by 14.6% in April, in comparison to the same month a year earlier, in what… Read More ›
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