Unilever wants to focus on development of business for its fast growing products and therefore it has agreed to sell of its margarine and spreads business for 6.83 billion euros ($8.04 billion) to the U.S. private equity firm KKR. There… Read More ›
Economy & Finance
Net Neutrality Rules In The U.S. Repealed By The F.C.C.
American’s online experiences would potentially be reshaped by the powers that have now been granted by the Federal Communications Commission to broadband companies by the removal of regulations that define the internet businesses – known better as net neutrality. The… Read More ›
Initial Coin Offerings Can Be Illegal, Warns U.S.’S SEC
U.S. federal securities law may potentially be violated by trading and the public offerings of cryptocurrencies, warned the chairman of the U.S. Securities and Exchange Commission (SEC) and added that the it would be potentially dangerous to put money into… Read More ›
Comcast Drops Out Of Race For 21st Century Fox Assets Even As Walt Disney Reportedly Near A Deal With Fox
There can be a final announcement very soon by Walt Disney Co. about its acquisition bid for a large part of 21st Century Fox Inc., said media reports earlier in the week citing sources who are familiar with the matter… Read More ›
Carmakers across the European Union post record sales
European carmakers, including PSA, Renault, VW and others have posted record sales in November. According industry data publishes on Thursday, car sales in Europe have risen by 5.8% with the PSA Group and Toyota posting the strongest sales among the… Read More ›
ADB Predicts A Slower Growth Rate For Chinese Economy In 2018
According to the predictions and calculations of the Asian Development Bank, which released a report on Wednesday, there would be stunted growth in the Chinese economy in 2018 even as the bank expects a faster than expected growth for the… Read More ›
Abu Dhabi IPO Sees Investor Betting On A Better Pay Off On Middle East Oil
Share trading in one unit of an oil giant of Abu Dhabi in the first day of trading showed that the investors betting on the exposure to Middle East oil were right in their positivism. There was a rise in… Read More ›
Delegation from Russia’s defense minitry lands in Pyongyang
Having demonstrated its military prowess by largely wiping out the foes of Syrian President Bashar al-Assad and with the U.S. tasting limited success in its aims to engage North Korea’s leadership, Russia is once again flexing its diplomacy-backed military muscles… Read More ›
U.S. Federal Reserve largely expected to raise interest rates on Wednesday
While the hike of interest rates is on expected grounds, its expected hint on the impact of Trump’s tax overhaul is eagerly awaited by investors. With the widely expected raise of interest rates by the Federal Reserve is likely to… Read More ›
UN Report Predicts 3 Percent Growth Rate For Global Economy For 2018 And 2019
The UN said that the through 2018 and 2019, there would be stability in the world economy, following an inspiring rate of 3 percent in growth in 2017. The predictions were revealed in a UN world economic prospects report. Since… Read More ›
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