Author Archives

• Swedbanks admits to money laundering

  By admin1 on April 25, 2019 • ( 0 )

  

  Investors are concerned over the involvement of U.S. authorities. A U.S. sanction on the bank could significantly hamper its ability to transact in the U.S. dollar. On Thursday, in a significant development that adds pressure to the business environment in… Read More ›

• Merger between Deutsche Bank & Commerzbank called off citing risks

  By admin1 on April 25, 2019 • ( 0 )

  

  Both banks have cited growing risks which impact synergy as reasons for calling off the merger. On Thursday, Deutsche Bank and Commerzbank stated, they have ended their merge talks. The announcement has cited restructuring costs, execution risks, and capital requirements,… Read More ›

• SoftBank eyeing to purchase 5% stake in German payments company Wirecard AG

  By admin1 on April 24, 2019 • ( 0 )

  

  SoftBank aims to buy bonds that can be later converted into Wirecard shares. As per a report from Bloomberg citing sources familiar with the matter at hand as saying, the SoftBank Group Corp is looking to acquire a 5% stake… Read More ›

• Lawsuits from Monsanto’s weedkiller Roundup haunts Bayer

  By admin1 on April 23, 2019 • ( 0 )

  

  Bayer is likely to face negative investor sentiments on Friday at its AGM on the way its management team handled the $63 billion Monsanto deal. According to two sources familiar with the matter at hand, BlackRock will not support Bayer’s… Read More ›

• German prosecutors latch on to bonus payments to suspended VW manager

  By admin1 on April 23, 2019 • ( 0 )

  

  German regulators are probing why VW made bonus payments to an executive who was suspended following the diesel emission cheating scandal. On Tuesday, in a development that continues to haunt Volkswagen, Europe’s biggest car producer, German prosecutors have begun investigating… Read More ›

• Harley Davidson’s Q1 reports surges past analysts’ forecast

  By admin1 on April 23, 2019 • ( 0 )

  

  Harley Davidson’s earnings per share excluding items for the first quarter was 98 cents against the average analyst forecast of 65 cents per share. Harley Davidson has stuck to its full year forecast. On Tuesday, Harley-Davidson Inc reported that its… Read More ›

• Embattled PG&E to expand board to 15 directors

  By admin1 on April 23, 2019 • ( 0 )

  

  PG&E is facing crushing liabilities following deadly wildfires in 2017 and 2018 which killed dozens of people and destroyed thousands of homes. In a development that resolves a months long battle with activist shareholder BlueMountain Capital Management LLC, California utility… Read More ›

• Nissan wants equal capital partnership in alliance with Renault

  By admin1 on April 23, 2019 • ( 0 )

  

  Renault will have to assuage Nissan’s hurt feelings before it moves ahead with capitalizing on synergies within the alliance. As per a report from Japan;s Nikkei, Nissan Motor Co Ltd will reject a proposal from its French partner Renault SA… Read More ›

• South Korea’s Asiana Airlines get support from creditors worth $1.4 billion

  By admin1 on April 23, 2019 • ( 0 )

  

  The development will alleviate short term liquidity problems for the airlines. Long term issues however will need to be dealt with. Asiana has taken on considerable debt. On Tuesday, South Korea’s finance minister Hong Nam-ki stated, South Korean creditors plan… Read More ›

• Shrinking global tech demand drags down Taiwan’s economy

  By admin1 on April 22, 2019 • ( 0 )

  

  The rollout of 5G in many countries along with newer upgraded models of smartphones could spur exports orders for the island nation. On Monday, data from Taiwan’s Ministry of Economic Affairs showed, its export orders fell for the fifth straight… Read More ›