Author Archives

• EU law will protect EU companies operating in Iran from U.S. sanctions

  By admin1 on August 7, 2018 • ( 0 )

  

  Officials have ascribed the re-clamping of U.S. on Iran as being an unlawful reach beyond U.S. borders. On Tuesday, Alistair Burt, Britain’s minister of state for the Middle East, told BBC radio that it is possible to protect European companies… Read More ›

• No direct fallout from renewed Iran sanctions: Nestle

  By admin1 on August 7, 2018 • ( 0 )

  

  Despite protests from U.S. allies, Washington has reclamped sanctions on Iran. On Tuesday, with the US sanctions being snapped back in place on Iran, Nestle, the world’s biggest food company, stated it does not see a direct fallout as a… Read More ›

• Cigna Corp overpaying for acquiring Express Scripts Holding Co: Carl Icahn

  By admin1 on August 7, 2018 • ( 0 )

  

  The deal, as pointed out by Carl Icahn’s letter to Cigna’s shareholders, has at least two significant areas of concern. On Tuesday, billionaire investor Carl Icahn urged Cigna Corp’s shareholders to vote against Cigna’s $52 billion acquisition of Express Scripts… Read More ›

• Ramon Laguarta to be PepsiCo’s CEO, Indra Nooyi its Chairman

  By admin1 on August 6, 2018 • ( 0 )

  

  Of the 24 years Indra Nooyi has was with PepsiCo, she served 12 years as its CEO. Under her PepsiCo’s shares rose by 78%. On Monday, PepsiCo Inc disclosed that its Chief Executive Indra Nooyi would be stepping down from… Read More ›

• Munich Re limits its investments from dirty coal-related business

  By admin1 on August 6, 2018 • ( 0 )

  

  Investors are increasingly using their financial muscles to reward companies that limit their investments towards fossil fuel companies. On Monday, the world’s biggest reinsurer, Munich Re, stated it will stop investing in shares and bonds of companies that generate more… Read More ›

• Toyota Motor Corp reports record 1st quarter results

  By admin1 on August 3, 2018 • ( 0 )

  

  Since North America is Toyota’s largest market, an increase in tariffs, especially in its best selling pick-up truck models is likely to boost the cost of its vehicles by at least $3,000. On Friday, Japanese automaker Toyota Motor Corp posted… Read More ›

• Marginal slowdown in growth noticed in EU’s fastest growing economy

  By admin1 on August 3, 2018 • ( 0 )

  

  The Investec Services Purchasing Managers’ Index (PMI) in Ireland fell to 57.4 from 59.5, its lowest level since March 2018. As per the results of a survey released on Friday, growth in the Ireland’s services sector have dipped slightly from… Read More ›

• Heineken NV and China Resources Beer Co Ltd enter into a $3.1 billion deal

  By admin1 on August 3, 2018 • ( 0 )

  

  Both companies are conducting their due diligence and aim to close the deal, subject to regulatory approval, by the end of this year. 1864 founded Dutch brewing giant Heineken NV has struck a $3.1 billion deal with China Resources Beer… Read More ›

• Myanmar scales back Kyauk Pyu deepwater port fearing debt trap

  By admin1 on August 2, 2018 • ( 0 )

  

  Myanmar seems to have learned the lessons of China-back projects in Sri Lanka and Pakistan. Avoids walking into a debt trap. According to a top government official from Myanmar, the government is scaling back plans for a port project funded… Read More ›

• Ferrari’s new CEO confirms full year guidance

  By admin1 on August 1, 2018 • ( 0 )

  

  Ferrari’s reported an EBITDA of $339 million, in line with Thomson Reuters SmartEstimate of 286 million euros. On Wednesday, Ferrari confirmed its full year outlook based on a 7% rise in its core second-quarter adjusted earnings which were largely helped… Read More ›