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• Japan hit by 6.1 Richter scale earthquake, industrial production affected

  By admin1 on June 18, 2018 • ( 0 )

  

  Factory production, including those of Panasonic, Daihatsu Motor Co, a unit of Toyota Motor Corp, Sharp Corp, in Osaka and in its surrounding regions have been affected. Early on Monday, Japan’s news daily NHK reported that an earthquake measuring 6.1… Read More ›

• McDonald’s to no longer use plastic straws across UK and Ireland

  By admin1 on June 15, 2018 • ( 0 )

  

  In an environmentally conscious move, McDonald’s is the latest restaurant chain to phase out plastic straws from its restaurants. The development will enable all of its packaging to become recyclable. On Friday, the BBC reported, starting from September 2018, McDonald’s… Read More ›

• Asian markets wobble with U.S. readying trade tariffs against China

  By admin1 on June 15, 2018 • ( 0 )

  

  There is a growing nervousness amongst investors since the window of opportunity of avoiding a trade war is rapidly closing. On Friday, with media reports stating that U.S. President is set to impose “pretty significant” tariffs against China, shares across… Read More ›

• Broadcom to lay off 1,100 employees following Brocade merger

  By admin1 on June 15, 2018 • ( 0 )

  

  Broadcom expects to incur the majority of its termination costs during the third quarter. Following Broadcom Inc’s $5.5 billion merger with Brocade Communications Systems in November 2017, it is now planning on laying off nearly 1,100 employees as part of… Read More ›

• Japan to join EU, Canada and Mexico in WTO against U.S. steel tariffs

  By admin1 on June 14, 2018 • ( 0 )

  

  Under the WTO’s dispute settlement process, holding consultations is the first step. It is not clear whether the U.S. will agree to such a request. As per a source in the Japanese government with direct knowledge of the matter at… Read More ›

• Rolls Royce to further streamline business, save $536 million by 2020

  By admin1 on June 14, 2018 • ( 0 )

  

  Rolls Royce’s aeronautical engine business, its biggest cash cow, is facing severe issues resulting in the grounding of planes. On Thursday, British engineering firm Rolls-Royce disclosed it would be cutting 4,600 jobs primarily from the UK as part of a… Read More ›

• Carlos Ghosn, Renault SA’s CEO, to step down before the end of his term

  By admin1 on June 14, 2018 • ( 0 )

  

  Carlos Ghosn will continue to be the CEO and chairman of the Renault-Nissan-Mitsubishi alliance. On Thursday, as per a report from the Financial Times, Renault SA’s CEO Carlos Ghosn is likely to step down from the post before the end… Read More ›

• Comcast places $65 billion in it bid for Fox Inc’s media assets

  By admin1 on June 14, 2018 • ( 0 )

  

  Comcast’s all cash offer may not go down well with Fox’s biggest shareholder, the Murdoch family, since accepting the deal would force it to potentially pay a multi-billion dollar capital gains tax. In a move that has essentially sparked a… Read More ›

• Martin Sorrell’s departure from WPP leaves the advertising giant in a hazy mess

  By admin1 on June 13, 2018 • ( 0 )

  

  Although rumors of a 3-way split are doing the rounds, analysts from Goldman Sachs opine, given the preference of clients who choose ad agencies with integrated services over others, divestments and sales of assets are unlikely to be considered in… Read More ›

• Blackstone Group LP raises $9.4 billion in new Asia-focussed funds

  By admin1 on June 13, 2018 • ( 0 )

  

  Blackstone’s real estate fund set a new record as the largest-ever investment fund dedicated to the real estate sector in Asia. As part of a strategic move, U.S. private equity fund Blackstone Group LP has raised $9.4 billion in a… Read More ›