Author Archives
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Elliott Management Corp springs second challenge to oil and gas producer Hess Corp
With comparatively higher cash reserves, Hess has come under renewed investor pressure to deliver better return to its shareholders. With activist hedge fund Elliott Management Corp calling the performance of oil and gas producer Hess Corp as “continuing underperformance”, it… Read More ›
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Carmakers across the European Union post record sales
European carmakers, including PSA, Renault, VW and others have posted record sales in November. According industry data publishes on Thursday, car sales in Europe have risen by 5.8% with the PSA Group and Toyota posting the strongest sales among the… Read More ›
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U.S. moves to protect Taiwan, brushes off Chinese protest
The development underscores U.S. efforts at bolstering Taiwan’s independence and securing its economy, the 7th largest in Asia, from Beijing, which has laid claims on the island as its own. Given the geopolitical scenario in the Korean peninsula, the development… Read More ›
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Airbus is considering limiting the A380 program to just 6 a year
Ongoing negotiations with Saudi Arabia’s Emirates carrier, which is likely to place an order for 36 A380s, is likely to play a significant role in the future of the A380. A top executive from Airbus SE disclosed the airplane maker… Read More ›
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Apple secures key supplier for Augmented Reality laser chips
In a strategic move Apple has moved quickly to secure its position in the global supply chain of VCSEL chips, blocking off rivals such as Samsung Electronics Co Ltd, Huawei Technologies. Apple Inc’s $390 million deal with Finisar Corp, a… Read More ›
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Delegation from Russia’s defense minitry lands in Pyongyang
Having demonstrated its military prowess by largely wiping out the foes of Syrian President Bashar al-Assad and with the U.S. tasting limited success in its aims to engage North Korea’s leadership, Russia is once again flexing its diplomacy-backed military muscles… Read More ›
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U.S. Federal Reserve largely expected to raise interest rates on Wednesday
While the hike of interest rates is on expected grounds, its expected hint on the impact of Trump’s tax overhaul is eagerly awaited by investors. With the widely expected raise of interest rates by the Federal Reserve is likely to… Read More ›
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France’s Unibail-Rodamco acquires Australia’s Westfield Corp for $24.7 billion, including debt
The combined company has properties strategically located in 27 of the world’s most alluring retail markets. In what is said to be the biggest takeover of an Australian company to date, France’s Unibail-Rodamco has agreed to acquire shopping mall owner… Read More ›
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EU, US, Japan join forces to expose China’s economic designs on global trading practices
The alliance will have to streamline their efforts and work more closely since any unilateral action by any member could undermine their core strategic group effort. As per a source close to the discussions at hand, the European Union, the… Read More ›
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Brent crude zooms beyond $65 a barrel
U.S. oil production is rapidly approaching oil production levels of that of Russia and Saudi Arabia. With the shutdown of the Forties North Sea pipeline, a big chunk of the oil supply has been blocked from the market and along… Read More ›
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