A Deutsche Bank research report has predicted that the Indian economy and its GDP will likely grow at the rate of 7.5 per cent for the current financial year and added that the economy is witnessing a “cyclical upswing”. “Our… Read More ›
Economy & Finance
Australia’s largest listed wealth manager staring at class action lawsuit
Its Chairwoman and legal counsel have resigned with immediate effect. Analysts expect more heads to roll in the coming weeks. On Monday, following damaging revelation of inappropriate behavior at AMP, Australia’s largest-listed wealth manager, Catherine Brenner, its chairwoman and Brian… Read More ›
Marathon Petroleum Corp proposes to buy Andeavor for more than $20 billion
The potential deal is expected to produce $1 billion in synergies. As per a Wall Street Journal report, Marathon Petroleum Corp, a U.S. refiner has proposed to acquire its peer Andeavor for more than $20 billion in a cash-and-stock deal… Read More ›
First Quarter Slow Down For U.S. Economy – At 2.3 Percent
The Unites States Commerce Department announced on Friday that there has been a slowdown in the U.S. economy in the first quarter of 2018. The department said that compared to the rate for Gross Domestic Product (GDP) growth of 2.9-per… Read More ›
Comply With WTO Rules, Says China, Opposes Trade Protectionism
The deep integration of the global economy is the reason that everyone would be harmed by unilateralism and trade protectionism and there would be no benefits for anyone, China said earlier this week just as two senior U.S. officials are… Read More ›
Embraco Business Of Whirlpool To Be Sold For $1.08bn To Nidec Corporation
The Embraco compressor business of Whirlpool will be sold to Nidec Corporation in a cash deal that would be worth of $1.08 billion, the companies announced recently. It is expected that the deal would be closed by the first half 2019…. Read More ›
Privacy Scandal Does Not Impede Facebook To Post Record Revenues For First Quarter
Facebook posted record revenues for the first quarter of 2018 despite a huge issue and problems in relation to data privacy. The company beat Wall Street estimates of revenues of $11.41bn posting a 49% increase compared to same period last… Read More ›
Midst Elliot Management pressure Hyundai Motor cancels treasury shares worth $890 million
The measure is part of a wider scheme to boost shartholder’s returns. On Friday, in a development that marks its first share cancellation in fourteen years, Hyundai Motor stated it plans on canceling treasury shares worth $890 million (960 billion… Read More ›
Southwest Airlines orders 40 Boeing 737 MAX 8 worth $4.68 billion at list prices
Southwest disclosed the info while announcing the results of its first quarter report. Its second quarter results are likely to be affected by the conclusions drawn by investors from the mid-air engine explosion of its 737-700 jet which occurred last… Read More ›
Deutsche Bank cuts back on investment banking, increases focus on core banking solutions
The step marks a significant overhaul of its investment banking business and comes midst its net income of 120 million euros falling way behind analysts’ estimate of 379 million. Following a 79% drop in net profits during the first quarter,… Read More ›
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