Investors are concerned over the involvement of U.S. authorities. A U.S. sanction on the bank could significantly hamper its ability to transact in the U.S. dollar. On Thursday, in a significant development that adds pressure to the business environment in… Read More ›
Both banks have cited growing risks which impact synergy as reasons for calling off the merger. On Thursday, Deutsche Bank and Commerzbank stated, they have ended their merge talks. The announcement has cited restructuring costs, execution risks, and capital requirements,… Read More ›
United States president Donald Trump has stood out in support of Harley Davidson motorbike maker by pledging to reciprocate against the so called “unfair” trade import duties imposed on the bikes of the company by the European Union The US… Read More ›
Japanese car brands such as Toyota, Nissan, and Honda are known to dominate the US market while the home grown brand fail to achieve similar standards. And on the converse, very few American made brand cars can be seen on… Read More ›
A wholly owned subsidiary Reviti will be launched by Philip Morris International and the new company would offer smokers bonus for quitting smoking or switching to a product taht is less carcinogenic such as the vaping devices that are offered… Read More ›
SoftBank aims to buy bonds that can be later converted into Wirecard shares. As per a report from Bloomberg citing sources familiar with the matter at hand as saying, the SoftBank Group Corp is looking to acquire a 5% stake… Read More ›
A slew of issues and scandals related to privacy breaches and fake news, many are expecting the largest social media company in the world Facebook to report a rare drop in its profits later in the week. According to the… Read More ›
The US plant-based meat manufacturer Beyond Meat could be valued at over $1bn as it seeks to raise money for expansion in its launch of its initial public offering (IPO). It is expected that the company would offer 8.75 million… Read More ›
The development will alleviate short term liquidity problems for the airlines. Long term issues however will need to be dealt with. Asiana has taken on considerable debt. On Tuesday, South Korea’s finance minister Hong Nam-ki stated, South Korean creditors plan… Read More ›
The annual review report by the real estate data company Altus Group has revealed that last year, more than 900 pubs disappeared from Britain because of increase in business rates and intense cost pressures. According to the report, a total… Read More ›
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