Walmart’s strategy to exit Britain, one of its weakest performers in its global portfolio, has effectively been blocked. Facing limited options, here’s an examination of the issue, its implications for Walmart and a potential way around it. In a significant… Read More ›
The potential deal is likely to be structured using Reverse Morris Trust – a tax-efficient way that companies typically use to sell of large assets. The potential deal is likely to be announced in the coming days. As per a… Read More ›
Anadarko holds vasts fields of oil and gas deposits which can be easily accessed using low-cost drilling methods – these assets underscore the value of the bidding war surrounding the U.S. oil and gas exploration and production company. According to… Read More ›
There has been increased pressure on the Chinese telecom giant Huawei from the US and a number of other western countries and the US has been pressurizing its allies to ban the company from their national 5G telecom networks. The… Read More ›
In the first quarter of the current year, Amazon.com made a profit of more than $1bn a month, the company has announced. Against a sale of $59.7bn, the company made a profit of $3.6bn for the three months ending 31… Read More ›
The development underscores U.S. due diligence on recovering tax dues by its citizens. Nowhere to run, nowhere to hide from U.S. tax authorities. In a significant development, the U.S. Department of Justice (DOJ) stated, Zurich Insurance will pay a penalty… Read More ›
US tech giant Apple Inc would not be able to meet up with expectations of the Wall Street in terms of its iPhone shipments in late 2019, said Goldman Sachs in a report. The market expects that the iPhone maker… Read More ›
The failure of being able to deliver 5G telecoms equipment in time was the primary factors for a surprise quarterly loss for Finland’s Nokia, the company announced and added that the there was pressure on the company to make investment… Read More ›
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 ›
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