Author Archives

• UK’s mortgage approvals and consumer spending defy Brexit pressures

  By admin1 on March 1, 2019 • ( 0 )

  

  In what is typically British, consumers have thrown Brexit-related caution to the wind and have upped their risk appetite. Here’s a snapshot of data coming out of the Bank of England. On Friday, data from the Britain’s central bank showed,… Read More ›

• Novartis faces shareholder ire at AGM over skyrocketing drug prices

  By admin1 on February 28, 2019 • ( 0 )

  

  Shareholders are scheduled to vote on Novartis’s planned spin-off of its Alcon eye care unit. On Thursday, at the annual general meeting of Swiss drugmaker Novartis, shareholders came in heavily at the drugmaker for the hike in drug prices. Novartis… Read More ›

• Delayed Brexit adds to uncertainty: Aston Martin’s CEO

  By admin1 on February 28, 2019 • ( 0 )

  

  British lawmakers will be taking a vote on delaying Brexit on March 14 – just two weeks ahead of its scheduled departure. Following British Prime Minister Theresa May promise to lawmakers that she would provide them an opportunity to extend… Read More ›

• Disney agrees to divest Fox Sports in Brazil for its $52.4 billion acquisition of 21st Century Fox

  By admin1 on February 28, 2019 • ( 0 )

  

  Disney has agreed to divest the local rights for the Fox Sports channel in Brazil to a buyer at no additional costs. In a significant development, Brazil’s antitrust regulator, CADE stated, Walt Disney Co has accepted its demand to sell… Read More ›

• EU tightens investment rules for financial firms for the Eurozone

  By admin1 on February 27, 2019 • ( 0 )

  

  These rules once passed by the EU Council and the EU Parliament, will provide the European Commission with the means to assess firms which operate like banks and impose and subject them to a stricter regulations. This has implications for… Read More ›

• Deutsche Bank could potentially acquire Commerzbank

  By admin1 on February 27, 2019 • ( 0 )

  

  A major shareholder common to both banks is open to the idea of their merger. But question is, can they both turnaround on their own? On Wednesday, Cerberus, a U.S. investor which has a major stake in Germany’s Commerzbank and… Read More ›

• HSBC’s internal investigation uncovers Huawei’s financial ties to Iran and Syria

  By admin1 on February 27, 2019 • ( 0 )

  

  This is the first time HSBC’s internal probe has been made publicly available. As per an internal probe by HSBC Holdings PLC into Huawei Technologies’ dealings with a suspected front company in Iran found that China’s Huawei maintained close financial… Read More ›

• Infrastructure investment under pressure: China’s state planner

  By admin1 on February 26, 2019 • ( 0 )

  

  Investors are starting to lose confidence in local companies weighed down by a mountain load of debt.

• Boeing pitches T-X training jets to Royal Australian Air Force

  By admin1 on February 26, 2019 • ( 0 )

  

  The Royal Australian Air Force is just one of many potential customers Boeing is talking to ahead of a request for proposal. On Tuesday, Boeing Co disclosed it is holding talks with potential customers, including the Royal Australian Air Force,… Read More ›

• Australia’s TPG to writedown $163 million

  By admin1 on February 26, 2019 • ( 0 )

  

  TPG does not expect the writedown to impact its full-year earnings forecast. It is slated to report its Q1 earnings on March 19. Following a ban on the usage of equipment from Huawei Technologies Co Ltd, Australia’s TPG Telecom Ltd… Read More ›