The investment by the activist hedge fund, which prefers to conduct discussions with companies behind closed doors rather than on cable television, revolves around Citigroup’s reliable revenue source and low risk factor. ValueAct Capital Partners has invested $1.2 billion in… Read More ›
Bitcoin has not been a favorite for years with Warren Buffett, the CEO of Berkshire Hathaway. Virtual currencies have often been equated by him to gold because, according to him, both the assets are very speculative and do not deliver as… Read More ›
Australia got a scare after experts warned that the country has only been left weeks of petrol, diesel and aviation fuel in its stock following which a review of fuel security was ordered by the Australian government. While it (the… Read More ›
While Air-France-KLM’s management has offered a pay hike of 2% in 2018 and a further hike of 5% across the next three years, the union has demand that in the very first year itself salaries be raised by 5.1%. The… Read More ›
The deal marks the coming of age of Asia focused funds, which are increasingly making strong headway in strong growth markets such as India, China and Japan. According to sources with direct knowledge of the matter at hand, the Carlyle… Read More ›
In what is potentially the biggest public listing for a Chinese technology company in almost the last four years, Xiaomi., the Chinese smartphone and connected device maker, filed for its Initial Public Offering at the Hong Kong stock exchange earlier… Read More ›
Foreign airlines were warned by China that they should change the manner in which they identify Taiwan and some other areas in on their company websites recently. This has been publicly admonished by the White House. Any information on their… Read More ›
Riding on a very good season of sale, the Italian supercar manufacturer reported profits that surpassed the expectations of the analysts as the company declared that it had sold out all of its models for 2018 as well as a… Read More ›
There has been a 47 per cent increase compared to the same period a year ago in net oncome for the fiscal year ended March 2018 for China’s e-commerce giant Alibaba, the company announced on Friday. The net income was… Read More ›
In India, the new battle ground between Walmart and Amazon.com, the largest retailer in the world apparent seems to have trumped to its online rival Amazon and is slated to take up a majority stake at Flipkart – India’s largest… Read More ›
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