Blackstone’s real estate fund set a new record as the largest-ever investment fund dedicated to the real estate sector in Asia. As part of a strategic move, U.S. private equity fund Blackstone Group LP has raised $9.4 billion in a… Read More ›
Creativity
Toshiba to buyback shares worth at least $6.3 billion
The move is aimed at keeping its earlier promise to shareholders that it would reward them. On Wednesday, Toshiba Corp stated, it would buyback its shares worth at least $6.3 billion (700 billion yen). Toshiba’s move comes in the wake… Read More ›
Credit Suisse strengthens its Southeast Asia businesses with key changes in HR
The move underscores Southeast Asia’s growing importance for churning out more profits for the bank. On Tuesday, in a move aimed at strengthening Credit Suisse’s franchise in Southeast Asia, Credit Suisse Group AG appointed Felicity Chan and Yvonne Voon in… Read More ›
Solidarity measures key metrics in Telecom Italia’s cost restructuring strategy
Why cut jobs when solidarity measures can garner equivalent results? On Tuesday, as per a source familiar with the matter at hand, as part of the ‘solidarity’ measures Telecom Italia has signed with trade unions, it will achieve savings that… Read More ›
US Snatches Accolade For Possessing World’s Most Powerful Supercomputer From China
The most powerful calculating machine in the world unofficially is a supercomputer named Summit. It was unveiled at Oak Ridge National Lab in Eastern Tennessee. The purpose of the design was partly to increase the techniques of artificial intelligence which… Read More ›
The EU will act against U.S. tariffs on aluminum and steel: Angela Merkel
In an unusual combative move, here is what German Chancellor Angela Merkel said after the G7 summit in Canada. German Chancellor Angela Merkel voiced regret vis-a-vis U.S. President Donald Trump’s abrupt decision to withdraw support for a G7 communique. On… Read More ›
Regional security at threat, if Iran cornered: Iranian parliamentary speaker Ali Larijani
Although Ali Larijani’s posturing is aimed at Iran’s domestic population, it assumes significance due to its geo-economic ramifications. On Friday, Iran’s parliamentary speaker, Ali Larijani, said security in the Middle East could be threatened if Tehran was cornered by Saudi… Read More ›
Oil prices likely to rise due to U.S. sanctions on Iran and Venezuela
Iran slammed U.S. arrange of ignoring 60 years of OPEC’s history by suggesting Saudi Arabia boost its oil production in order to make up for Iran’s shortfall. In a development that essentially sets the stage for a tough meeting at… Read More ›
Offloading non-core assets will ease VW’s transition into emerging automobile market
Volkswagen’s top management is aiming to transformation the group into a more modern, streamlined company. Although the process is seen as painful, it pays off in the long run. On Friday, the top leader of Volkswagen’s powerful works council said,… Read More ›
New tariffs on cars and trucks will negatively impact U.S. consumers: Japan’s automakers association
In a cautionary move, Japan has warned the U.S. that any imposition of new tariffs will negatively impact U.S. consumers and its auto industry. On Friday, Japan’s automakers association (JAMA) came down heavily on U.S. overtures to explore the possibility… Read More ›
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