The A321neo is the most efficient single-aisle jet currently in the market. In a significant development, Airbus made a strong headway in getting orders and sealed deals with big buyers for its latest passenger jet, the A321XLR, at the Paris… Read More ›
Creativity
Dish Network closing on $6 billion deal for T-Mobile-Sprint Corp’s assets
The potential deal could be formally announced later this week. According to a report from Bloomberg which cites sources familiar with the matter at hand, satellite TV provider Dish Network Corp is in talks to purchase the wireless assets of… Read More ›
Anadarko Petroleum Corp approves $20 billion for Mozambique LNG export project
Following Occidental Petroleum Corp acquisition of Anadarko, the Mozambique LNG project will be sold to French energy major Total SA. In what is slated to be Africa’s single biggest LNG project, U.S. energy Anadarko Petroleum Corp stated, it has approved… Read More ›
Swedbank suspends Estonian heads in Danske Bank probe
The suspensions are aimed at helping Swedbank with discussions with authorities in the ongoing Danske Bank probe. In a significant development, Swedbank has suspended, with immediate effect, the two most senior executives at its Estonian business, which is being investigated… Read More ›
Report Estimates 9.6% Growth In Global Electronic Gaming Revenues For 2019
A report from gaming analytics firm Newzoo has predicted there would be a growth of 9.6 per cent year on year in the revenues for the growth of the global video and electronic games market for the entire of 2019,… Read More ›
Indigo places jet engine order worth $20 billion with CFM International
The development sees Indigo moving away from Pratt & Whitney engines to CFM’s 1LEAP-1A engines. IndiGo, India’s biggest airline stated, it has placed a $20 billion order for jet engines from CFM International. The development is significant since it marks… Read More ›
Pfizer Inc to acquire Array Biopharma Inc for $10.64 billion
The deal will not only add to Pfizer’s EPS, but will also provide to stronger traction in the cancer drugs market. U.S. pharmaceutical giant Pfizer Inc stated it would acquire Array Biopharma Inc for $10.64 billion in cash. The potential… Read More ›
French-Israeli billionaire Patrick Drahi to acquire auction house Sotheby for $3.7 billion
The acquisition is being routed though BidFair USA. In a deal worth $3.7 billion, Patrick Drahi, has agreed to purchase art auction house Sotheby. The billionaire tycoon behind telecoms and media group Altice has signed a definitive agreement to be… Read More ›
Etihad Airways appoints Andrew Macfarlane as the group’s CFO
Etihad’s former CFO, Mark Powers had resigned in April with Adam Boukadidam; Etihad’s finance executive replaced Powers on an interim basis. On Monday, a spokesman for Etihad Airways disclosed, the airlines has appointed Andrew Macfarlane as the group’s CFO. Mark… Read More ›
Economic impact of China’s extradition law with Hong Kong
According to Kevin Yam, a prominent Hong Kong-based lawyer, high net-worth individuals from Hong Kong are taking steps to relocate their assets to Singapore. China’s aggressive push towards Hong Kong is starting to have repercussions. According to lawyers, bankers, and… Read More ›