Does it always have to be May’s way or the highway? Britain’s economy lies in the balance. In a significant development, Britain’s opposition party leader Jeremy Corbyn has moved a step closer to paving the way for a second referendum… Read More ›
Creativity
Apollo close to clinching $3.8 billion plus deal to acquire RPC Group
Growing demand from online shopping as well as reliable cash flows from the plastic packaging sector has since long been a point of interest for private equity. As per a report from the Wall Street Journal, private equity firm Apollo… Read More ›
Britain’s competition authority likely to rule on Sainsbury’s-Asda $66 billion merger in early March
With Britain’s Competition and Markets Authority taking on a more active interventional approach in its latest ruling, the Sainsbury’s-Asda deal, which could create Britain’s biggest retailer, faces headwinds from multiple angles. Although Mike Coupe, Asda’s CEO was taped on camera… Read More ›
Philip Hamptonwill retires as GlaxoSmithKline Plc‘s chairman
The drugmaker has begun the process of searching for Philip Hamptonwill’s successor. On Monday, drugmaker GlaxoSmithKline plc stated, Philip Hamptonwill, its chairman will be stepping down from his role. Hamptonwill has been GlaxoSmithKline’s chairman for more than three and a… Read More ›
French supermarket retailer Casino to divest assets worth $567 million
The move is part of Casino’s debt-financing strategy. On Monday, Casino, a French supermarket retailer, stated it is in the process of divesting assets so as to slash its debts. It aims to sell 26 of its brick-and-mortar stores in… Read More ›
Japan has begun importing Iranian crude
Japan forms part of a list of countries that have been exempted from U.S. economic sanctions on Iran. Countries on this exemption list are allowed to import Iranian oil for another 180 days. On Monday, the governor of Iran’s central… Read More ›
Berkshire Hathaway Energy Co denies Financial Times report on lithium extraction
The Financial Time’s report had cited sources and a fund raising document, and stated, Berkshire Hathaway’s geothermal wells could produce up to 90,000 tonnes of lithium a year worth $1.5 billion at current prices. Berkshire Hathaway Energy Co, a unit… Read More ›
Crude oil prices rise touch 2019 peak
OPEC led prices cut along with the release of Chinese refinerery processing data in 2018, led to the peaking of crude oil. On Monday, oil prices recorded the highest peak following the release of data that showed China’s refinery processing… Read More ›
Siemens-Alstom merger will add competitiveness to the European rail industry
Despite getting the backing of the German and the French government, the deal hangs in the balance on concerns from anti-trust regulators that it could stifle competition in the rail sector. As per sources familiar with the matter at hand,… Read More ›
Britain’s Lotus car to be made in Geely’s new plant in China
Geely is aiming to emulate luxury carmakers whose SUVs have so far done well in the Chinese market. But given that China’s auto-market has shrunk for the first time in two decades as well as low sales in 2018, Geely’s… Read More ›
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