The demonetization of high value notes in India has led to a string of incidents pointing to previously undisclosed transactions in the country. On Wednesday, India’s Punjab National Bank (PNB) stated it has detected “fraudulent and unauthorized” transactions worth more… Read More ›
Along with the SEC, Switzerland’s Financial Market Supervisory Authority has also stated it is in contact with Credit Suisse regarding the closure of its product. On Tuesday, a report by the Wall Street Journal stated that the U.S Securities and… Read More ›
The one-time tax hit is because of changes made to the U.S. tax code. On Tuesday, Australian mining giant BHP Billiton stated it will incur a $1.8 billion income tax hit due to changes in the income tax rate for… Read More ›
The activist investors have stated that by itself Xerox still has enormous value for shareholders and that its divestiture to Fujifilm is not justified given the premium offered by the Japanese firm. Xerox Corp’s $6.1 billion deal to divests its… Read More ›
The whistleblower who claims to have held senior roles in the investment sector, has approached the SEC through a law firm. A Washington-based law firm, representing an “anonymous whistleblower” told U.S. financial regulators that they should investigate a scheme that… Read More ›
Allegations of widespread wrong-doings have plagued Australia’s finance sector since many years, adding pressure on the industry to undergo a thorough root-and branch reform. On Monday, the head of the government-backed inquiry which is delving into Australia’s finance sector to… Read More ›
Although Fox prefers a deal with Disney rather than Comcast, more clarity on the deal will emerge later this summer when Fox, in its regulatory filing, justifies the potential deal with Disney, to its shareholders. According to sources familiar with… Read More ›
The deal represents a breakthrough for Walt Disney in its efforts to enter China. On Monday, Alibaba Group Holding Ltd stated its entertainment business has signed a licensing agreement with Walt Disney Co to provide Disney’s collection of animation on… Read More ›
Jean-Paul Agon, L‘Oreal CEO made these comments while releasing the firm’s 4th quarter results. On Friday, L‘Oreal Chief Executive stated, the French cosmetic giant is ready to purchase Nestle’s 23% stake in the firm if Nestle decides to sell it…. Read More ›
Detroit based carmaker is facing strong headwinds in South Korea. Persistent remours have fueled talks of a pullout. On Friday, South Korea’s finance minister stated the country is weighing several options vis-a-vis General Motors Co’s operations in the country following… Read More ›
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