On the bright side, the sales of new energy vehicles have risen by 18.1% in April. In a significant development, vehicle sales in China fell by 14.6% in April, in comparison to the same month a year earlier, in what… Read More ›
Creativity
Norway allows Euronext to acquire majority stake in Oslo Bors VPS
The development essentially being closure to the five-month battle between Euronext and Nasdaq for ownership of the Norwegian stock market operator. In a development that essentially confirms a statement by Euronext, Norway’s finance ministry has stated it will allow Euronext’s… Read More ›
Trump escalates trade war
A trade war is far better than a weak non-enforceable agreement given China’s history of reneging on its commitments. In order to be more effective, Trump will have to make manufacturing in China more expensive. That should perk up the… Read More ›
PSA Group in advance talks to acquire JLR from India’s Tata Motors
The Peugeot carmaker has shown a willingness for others to join its bid for acquiring JLR. In a significant development, the PSA Group stated, it is ready to consider a potential tie-up for acquiring UK-based Jaguar Land Rover (JLR) from… Read More ›
India’s Reliance Industry becomes world’s biggest toy manufacturer
The energy-to-telecoms conglomerate picked up Hamleys from C Banner International Holdings. One of India’s biggest conglomerate Reliance Industries Ltd stated it has acquired British toy retailer Hamleys. In a statement, Reliance Industries stated through its subsidiary Reliance Brands Ltd, that… Read More ›
ECB monitoring situation at Banca Carige following BlackRock’s pullout
On Thursday, BlackRock pulled out from a rescue effort citing exceesive risks among other reasons. Following BlackRock’s pullout from rescuing ailing Italian lender Banca Carige, the European Central Bank got in touch with special administrators who run the bank, said… Read More ›
European Commission likely to penalise banks for rigging foreign exchange rates
Banks that are likely to face the legal heat include HSBC, Barclays, JPMorgan, Citigroup, UBS, Royal Bank of Scotland, as well as a small Japanese bank. According to two sources familiar with the matter at hand, the European Commission is… Read More ›
European Commission to launch full-fleged antitrust probe into Telia’s bid for Bonnier Broadcasting
The development is politically sensitive given that the Swedish government has a 37% stake in Telia. According to two sources familiar with the matter at hand, Nordic telecoms operator Telia’s nearly $1 billion bid for Bonnier Broadcasting is facing a… Read More ›
Amazon.com’s Polish workers demand doubling of their salaries
Amazon.com is facing a labor issue which could ultimately lead to a strike. Trade unions have given Amazon 7 days to come up with workable solution. On Thursday, in a development that marks the latest labor dispute at the world’s… Read More ›
U.S. sanctions on metals exports against international commitments: Iran
U.S. President Donald Trump is clamping down on Iran’s export revenue streams so as to force it to change its political stance on Israel. On Thursday, a spokesman for Iran’s foreign ministry stated, U.S. sanctions on its metals are against… Read More ›
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