Author Archives

• Morgan Stanley becomes top shareholder in Chinese joint venture – Morgan Stanley Huaxin Fund Management Co

  By admin1 on April 11, 2019 • ( 0 )

  

  With China opening up its financial sector, worth trillions of dollars, foreign financial institutions can finally tap the Chinese market. In a deal that will result in Morgan Stanley becoming the top shareholder of Morgan Stanley Huaxin Fund Management Co,… Read More ›

• France’s antitrust watchdog raids wines and spirit makers

  By admin1 on April 11, 2019 • ( 0 )

  

  The French antitrust watchdog is keeping a tight lid on these raids and havent disclosed the names of the firms it has raided. More information on these raids will be provided as and when more light is shed on them…. Read More ›

• Saudi Aramco’s dollar denominated bonds inch up on early trade

  By admin1 on April 11, 2019 • ( 0 )

  

  The price wasn’t all that great since it was a bit inflated given the hype over the issue. Many buyers may have flipped it in the market. Incidentally, Aramco chose to only issue $12 billion of debt given its focus… Read More ›

• Kingdom Holding Co did not purchase Saudi Aramco bonds

  By admin1 on April 11, 2019 • ( 0 )

  

  Kingdom Holding Co is Saudi Prince Alwaleed bin Talal’s firm. Interestingly, as per a statement by Aramco’s CEO Talal Ibrahim al-Maiman, Saudi Arabia’s Prince’s firm Kingdom Holding Co did not purchase its bonds. Talal Ibrahim al-Maiman went on to add,… Read More ›

• Demand for Aramco’s international bond exceeds $30 billion

  By admin1 on April 9, 2019 • ( 0 )

  

  Saudi Arabia’s Aramco debut bond, which opened on Monday, will close on Wednesday. Saudi Aramco has opened the books for its first international bond issue, which took place on Monday, said sources familiar with the matter at hand. Aramco did… Read More ›

• GE fined $58M for providing misleading data

  By admin1 on April 9, 2019 • ( 0 )

  

  GE had provided the misleading data during its bid to acquire Danish rotor blade maker LM Wind in 2017. The European Commission has levied a fine of $58.4 million (52 million euros) on U.S. conglomerate General Electric for providing misleading… Read More ›

• London jury dismissed in landmark Barclays-Qatar case

  By admin1 on April 9, 2019 • ( 0 )

  

  Judge Robert Jay told the entire jury that their services are no longer required. In a landmark case revolving around fraudulent transactions perpetuated by four former Barclays executives who had been accused of paying Qatar undisclosed fees to help rescue… Read More ›

• Saudi Arabia raises prospects of ditching USD to stop NOPEC bill

  By admin1 on April 5, 2019 • ( 0 )

  

  If Saudi Arabia were to in fact go ahead with the move it would have significant geo-economic and geo-strategic changes. Riyadh depends on the United States militarily to defend itself against arch rival Iran. In a significant development, Saudi Arabia… Read More ›

• Cliffhanger Brexit will have deep impact for select sectors: WTO’s Director-General

  By admin1 on April 5, 2019 • ( 0 )

  

  The British parliament’s decision on April 12 will be is a milestone that Brexit watchers will be looking at very keenly. According to Roberto Azevedo, Director-General of the World Trade Organisation (WTO), if the United Kingdom were to leave the… Read More ›

• UniCredit preparing to bid for Commerzbank AG

  By admin1 on April 4, 2019 • ( 0 )

  

  UniCredit’s bid for Commerzbank AG is despite the fact that the latter is negotiating merger talks with Deutsche Bank. UniCredit aims to merger Commerzbank with its HypoVereinsbank. On Thursday, as per a report by the Financial Times, UniCredit SpA is… Read More ›