Author Archives
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Qatar to withdraw from OPEC from January 1, 2019
The move mirrors the strategic shift in the fossil fuel industry from dirty polluting crude to liquefied natural gas. On Monday, Qatar’s energy minister Saad al-Kaabi stated, Qatar will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) from… Read More ›
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Nextstar Media Group to acquire Tribune Media Co for $4.1 billion
A formal announcement is likely to be announced later today. According to sources familiar with the matter at hand, Nexstar Media Group Inc has reached an agreement to acquire Tribune Media Co for around $4.1 billion. Once the deal comes… Read More ›
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China agrees to cut import tariff on U.S.-made autos
Trump’s has secured a 90 day cease-fire with China which allows negotiators 90 days to bring about “structural changes” to China’s policies on intellectual property protection, technology transfers, services and agriculture, cyber theft, non-tariff barriers and cyber intrusions. U.S. President… Read More ›
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French companies need to wake up to no-Brexit deal: Gerald Darmanin
British Prime Minister Theresa May faces strong headwinds in her efforts to push the Brexit deal through her divided party and Britain’s parliament. Gerald Darmanin France’s Minister of Customs stated, French companies need to be more prepared to the reality… Read More ›
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Unilever’s CEO Paul Polman to retire on December 31, 2018
Paul Polman will be succeeded by Alan Jope, the head of Unilever’s beauty business. Anglo-Dutch consumer goods giant Unilever stated, its CEO Paul Polman will now be retiring. The move comes less than two months after the company had a… Read More ›
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Samsung Electronics to cancel shares worth $4.4 billion
The move is part of a broader push aimed at enhancing shareholder’s value and can be attributed to Elliot Management’s pressure on the South Korean tech giant. On Friday, Samsung Electronics Co Ltd disclosed it will be cancelling its shares… Read More ›
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Hyundai Motor Co to spend $228.3 million for repurchase of shares
The Elliot Management-backed move, will boost shareholder’s return. The buyback will include common and preferred stocks. On Friday, Hyundai Motor Co stated, it would spend $228.3 million (255 billion won) to buyback its common and preferred stocks so as to… Read More ›
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Fiat Chrysler to sink in more than $5.7 billion on developing new models in Italy
A significant chunk of this investment will be channelized towards developing electric and hybrid cars. Fiat Chrysler has pledged to spend at least $5.7 billion (5 billion euros) on developing new models, including engines, in Italy between 2019 to 2021;… Read More ›
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VW will increase heat on Tesla with its EV factory in North America
With the entry of Europe’s largest carmaker in the United States, the electric vehicle segment in the country is set to heat up. In a strategic development, Scott Keogh, the newly appointed CEO of Volkswagen Group of America stated, Volkswagen… Read More ›
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Trump Administration examining options on raising import tariffs on Chinese automobiles
The development comes just days before U.S. President Donald Trump is set to meet his Chinese counterpart in Buenos Aires. The outcome of the meet could either ease or worsen the growing trade war. Robert Lighthizer, the U.S. Trade Representative,… Read More ›
