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• IKEA on track to meet its target of $56.9 billion by 2020

  By admin1 on June 9, 2016 • ( 0 )

  

  Although its primary growth market has been Europe, where its current annualized growth rate is 40%. It is also targeting India where it’s currently finalizing deals to buy land in multiple cities, including, Hyderabad, Bangalore, Mumbai and New Delhi. According… Read More ›

• Commerzbank examining the stashing away of funds in alternate locations to avoid ECB’s charge of 4 euros per 1,000 euro deposit.

  By admin1 on June 9, 2016 • ( 0 )

  

  Despite pumping in more than 1 trillion into the economies of the EU, the lack of risk takers is creating multiple fractures and is fueling the rise of euro-sceptics in Germany. According to sources who are familiar with the matter… Read More ›

• Chinese economy very gradually stabilising

  By admin1 on June 8, 2016 • ( 0 )

  

  The slump in the Chinese economy slowly is bottoming out. Although China’s central bank has slashed the country’s forecast of exports the second consecutive time in a year, it has said it still expects the economy to grow at 6.8%…. Read More ›

• Yahoo hires Black Stone IP for the sale of its 3,000 patents

  By admin1 on June 8, 2016 • ( 0 )

  

  It already has sent out letter to potential bidders with the mid-June being the end date for the bids. According to sources who are familiar with the matter at hand, Yahoo Inc has hired Black Stone IP LLC, a boutique… Read More ›

• Amazon to invest more than $5 billion in India

  By admin1 on June 8, 2016 • ( 0 )

  

  Jeff Bezos has said that the world’s biggest retailer will set up a software development centre in the Indian city of Hyderabad. India has been its fastest growing market in the world. Jeff Bezos, Amazon, CEO has disclosed that it… Read More ›

• Uber fixing cab prices alleges class action lawsuit

  By admin1 on June 8, 2016 • ( 0 )

  

  The suit is against the company’s CEO Travis Kalanick. It alleges that the company prime business motive is to make a cut by fixing prices among competitors. A U.S court has ruled that car hailing company, Uber must submit documents… Read More ›

• Barron predicts Whole Food Market’s share to hover at $40 in 2017

  By admin1 on June 6, 2016 • ( 0 )

  

  Barron’s newspaper has predicted a surge in Whole Food Market’s shares. The supermarket chain is aggressively foraying into new areas and closing the price gap, of its produce, with its rivals. Investors though should study the company’s fundamentals before investing… Read More ›

• BlackRock sells one of its towers at Asian square development to Qatar for $2.5 billion

  By admin1 on June 6, 2016 • ( 0 )

  

  Singapore’s real estate market is contracting and the availability of office space is increasing. Real estate developers will be adding 4 million Sq. feet this year, followed by 1.4 million next year. In what BlackRock has stated to be the… Read More ›

• Teheran’s oil exports surges thanks to P&I clubs

  By admin1 on June 6, 2016 • ( 0 )

  

  Despite the partial lifting of U.S led sanctions, Iran’s oil exports are surging with European and Asian tankers are in the lead. Following the lifting of western sanctions in January, more than 20 Asian and European super-tankers are shipping Iranian… Read More ›

• Doctor concludes Sumner Redstone in sound mental health

  By admin1 on June 3, 2016 • ( 0 )

  

  A specialist in geriatric psychiatry found Sumner Redstone in sound “legal mental capacity” to make a decision, which he did when he removed Philippe Dauman and George Abrams from Viacom’s board. However Dauman’s lawyer has countered the argument saying the… Read More ›