In a statement, payments giant Fiserv Inc stated, from July 1, Frank Bisignano will become its chief executive. He will be replacing Jeffery Yabuki, who will remain with the company as its chairman until the end of his term in… Read More ›
Creativity
Vietnam attracting many foreign investors relocating from China
Having proclaimed success in contain the spread of the Wuhan coronavirus, Vietnam is positioning itself as the business-friendly country, capitalizing on demand from international manufacturers who are looking to diversify their supply chains away from China. Vietnam has reported just… Read More ›
U.S.-China trade negotiations could start next week: Bloomberg
On Thursday, a report from Bloomberg citing sources familiar with the matter at hand, said, trade negotiations between the United States and China through phone calls could commence as early as next week. The call will include U.S. Trade Representative… Read More ›
GlaxoSmithKline sells 100% stake in Unilever’s Indian business for $3.35 billion
On Thursday, in a statement GlaxoSmithKline said, it has agreed to sell 100% of stake in Unilever’s Indian business for nearly $3.35 billion (around 254.8 billion rupees) on the open market. The development marks the British multinational pharmaceutical company cashing… Read More ›
Smithfield Foods Inc to resume South Dakota pork plant from May 7
Late on Wednesday, Smithfield Foods Inc, the world’s biggest pork processor said, it will restart its Sioux Falls, South Dakota plant from May 7. The plant has been idling for more than three weeks because of the coronavirus outbreak. Smithfield… Read More ›
Nokia offers to buyback its 2021 bond for 500M euros, issues new fixed-rate bond
On Wednesday, Finnish telecom equipment giant Nokia stated, it had issued an offer to buy back its 1% notes in cash, which was due on March 15, 2021 for up to 500 million euros. The purpose of the tender offer… Read More ›
Chinese regulators encouraging Asset Investment Companies to boost equity financing and debt to equity assets
In order to reduce leverage in the economy, Chinese regulators have allowed asset investment companies (AIC) to conduct asset management business to invest in debt-to-equity assets and boost equity financing in the country. Major state-owned banks including China Construction Bank… Read More ›
Activist investor Amber Capital set for showdown with French publishing giant Lagardere
On Tuesday, activist investor Amber Capital is set to face one of its biggest test in its high-stakes bid to shake up governance at media and publishing firm Lagardere. Shareholders are set to vote as they attempt to revamp the… Read More ›
Egypt’s non-oil private sector collapses midst coronavirus lockdown
On Tuesday, according to the results of a survey, business activity in Egypt’s non-oil private sector collapsed in April, following the total shutdown of the tourism industry, weakening demand as well as the imposition of lockdowns in its cities as… Read More ›
U.S.-UK commence trade negotiations
On Tuesday, the United States and Britain launched trade negotiations through videoconferencing following the UK’s exit from the European Union. Both countries, struggling to cope with the coronavirus pandemic are aiming to shore up domestic supply chains. These talks are… Read More ›
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