With elections looming for the state of Victoria in November, a lucid, clear cut energy policy could be a challenge for the coalition government. Australian states are set to vote on a new energy policy this coming Friday which could… Read More ›
Creativity
ABN Amro to slash 250 jobs from its Corporate and Institutional Banking (CIB) division
The announcement comes in the wake of its earlier December 2017 statement wherein it had hinted at the possibility of such a cost cutting measure. On Wednesday, ABN Amro stated it would shed 250 jobs as part of a cost… Read More ›
U.S. Federal prosecutors zero in on Goldman Sach’s role in $4 billion 1MDB fraud
U.S. federal prosecutors are zeroing in on a former Goldman Sachs banker who worked closely on the 1MDB deal. As per a report from New York Times, U.S. prosecutors are investigating whether Goldman Sachs Group Inc played any role in… Read More ›
Chinese exports to the U.S. continues despite U.S. tariffs
Although China’s July exports to the U.S. is marginally lower than June, data shows its exports to the United States has accelerated ahead of the imposition of more tariffs. Despite the rumblings coming from in the intensifying trade war between… Read More ›
EU law will protect EU companies operating in Iran from U.S. sanctions
Officials have ascribed the re-clamping of U.S. on Iran as being an unlawful reach beyond U.S. borders. On Tuesday, Alistair Burt, Britain’s minister of state for the Middle East, told BBC radio that it is possible to protect European companies… Read More ›
No direct fallout from renewed Iran sanctions: Nestle
Despite protests from U.S. allies, Washington has reclamped sanctions on Iran. On Tuesday, with the US sanctions being snapped back in place on Iran, Nestle, the world’s biggest food company, stated it does not see a direct fallout as a… Read More ›
Cigna Corp overpaying for acquiring Express Scripts Holding Co: Carl Icahn
The deal, as pointed out by Carl Icahn’s letter to Cigna’s shareholders, has at least two significant areas of concern. On Tuesday, billionaire investor Carl Icahn urged Cigna Corp’s shareholders to vote against Cigna’s $52 billion acquisition of Express Scripts… Read More ›
Ramon Laguarta to be PepsiCo’s CEO, Indra Nooyi its Chairman
Of the 24 years Indra Nooyi has was with PepsiCo, she served 12 years as its CEO. Under her PepsiCo’s shares rose by 78%. On Monday, PepsiCo Inc disclosed that its Chief Executive Indra Nooyi would be stepping down from… Read More ›
Munich Re limits its investments from dirty coal-related business
Investors are increasingly using their financial muscles to reward companies that limit their investments towards fossil fuel companies. On Monday, the world’s biggest reinsurer, Munich Re, stated it will stop investing in shares and bonds of companies that generate more… Read More ›
Toyota Motor Corp reports record 1st quarter results
Since North America is Toyota’s largest market, an increase in tariffs, especially in its best selling pick-up truck models is likely to boost the cost of its vehicles by at least $3,000. On Friday, Japanese automaker Toyota Motor Corp posted… Read More ›
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