The IPO, which is likely to be upwards of $20 billion, will be one of the biggest ever public offerings to hit the market. On Wednesday, in a statement Saudi Arabia’s energy minister said, the initial public offering (IPO) for… Read More ›
Creativity
Amazon pumps in more than $600 million into its Indian subsidiaries
Amazon has not clarified how and where it will utilize the money. Documents filed with the Registrar of Companies show that U.S. retailer, Amazon.com Inc has invested $634.20 million (around 45 billion rupees) into its Indian subsidiaries. Clearly, Amazon is… Read More ›
Britain’s House of Commons approves Boris Johnson’s snap elections
The snap election gamble could see Johnson’s political career in the same place as that of his predecessor Theresa May. With just two days to go before Brexit’s deadline of October 31, Boris Johnson’s “do or die” promise to deliver… Read More ›
UK Charity Says Dismally Slow Progress Being Made In Reducing Gender Pay Gap
A recent report from the equality charity the Fawcett Society claims that efforts to close down the gender pay gap have been “dismally slow”. The charity said that it would take 60 years to eradicate the gap at the current… Read More ›
Thailand’s SCG Packaging Pcl planning $1 billion IPO: sources
During the last couple of years, its sales as well as its profits have touched their all time high. According to two sources with knowledge of the matter at hand, Thailand’s Siam Cement Pcl’s packaging subsidiary is planning on floating… Read More ›
LVMH offers to acquire Tiffany & Co for $14.5 billion
The potential deal values Tiffany at about $120 per share as against its Friday’s closing price of $98.55. According to sources familiar with the matter at hand, LVMH, the owner of Louis Vuitton, has offered to acquire Tiffany & Co,… Read More ›
Warehouse giant Prologis Inc to acquire Liberty Property Trust for $12.6 billion
The deal has at least $120 million in cost synergy. In a statement, Warehouse giant Prologis Inc said, it has agreed to acquire Liberty Property Trust, a rival industrial real-estate business , for $12.6 billion. The deal is aimed at… Read More ›
Lazard appoints Louis Girodolle as CEO of Lazard Investment Banking in France
Louis Girodolle has his job cut out given the challenging market environments as well as the need to retain clients in the wake of Matthieu Pigasse’s resignation as the bank’s CEO and chairman. In a statement 171-year-old bank Lazard said,… Read More ›
U.S.-China close to finalizing Phase One deal
According to China trade experts, the completion of the Phase One deal is likely to provide little incentive for Beijing to negotiate any further, given the approaching U.S. presidential election in 2020. According to U.S. Trade Representative’s office and China’s… Read More ›
South Korea ready to give up its developing country status at WTO
While this will come into effect during future negotiations, it is to be seen how this will impact its agricultural sector. On Friday, in a statement South Korea’s finance minister stated, given its enhanced economic status, it is ready to… Read More ›
manageria.biz 