The PCmaker, a unit of Legend Holdings, stated that the payment, related to its U.S. deferred tax assets, would not significantly impact its cash position nor its operations. The Lenovo Group Ltd has disclosed that it expects to make a… Read More ›
Economy & Finance
Indian FMCG Company Patanjali Could Receive $500 Million Investment From French Firm Louis Vuitton
An investment of about 500 million USD (Rs 3,250 crore) is reportedly being contemplated to be made by French luxury group LVMH Moet Hennessy – Louis Vuitton, in the Indian company Patanjali Ayurveda. “Acharya Balkrishna has said that just as… Read More ›
Profits Warning Issued By Only Listed Funeral U.K. Company, Dignity, Due To Rice War
There is an intensifying price war in the funeral services and this has driven Dignity, the UK’s only publicly listed funeral services company, to announce that its profits for 2018 would decline. This announcement resulted in a the wiping off… Read More ›
IBM Reports Revenue Growth Of 1%, Its First In 22 Consecutive Quarters
The years long loosing streak has been finally broken by IBM. A slim but significant growth in revenues – 1 per cent, was recorded by IBM after making declining in sales for 22 consecutive quarter which is about five and… Read More ›
Amidst Prices Rally In Oil Market, ‘Explosive’ Growth Anticipated In U.S. Oil Production By IEA
The fear of OPEC that gains made by its production cuts could be neutralized by another surge of shale oil could be coming true. The International Energy Agency said on Friday that there would be “explosive” growth in the U.S…. Read More ›
Australia, Japan, Canada working together to replace TPP with CPTPP
Chief negotiators from the respective countries in the Asia Pacific region are set to meet next week to hammer out an agreement for signing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). On Thursday, Australian Prime Minister Malcolm Turnbull… Read More ›
Yet another Chinese city admits to providing fake economic data
China’s Xinhua news agency and the People’s Daily have reported that officials tend to inflate economic data in order to boost their performance based on which they are assessed by China’s central government. Baotou, a northern industrial city in China’s… Read More ›
Banks Refuse Further Aid Leading To Collapse Of Britain’s Carillion
The biggest corporate failure in a decade in Britain was triggered after the financing banks of Carillion withdrew their support from the company. The events forced the U.K. government to mediate and assure that there would be no let-up in… Read More ›
$13.96 Billion Is The Anticipated Worth Of The Global Blockchain Technology Market By 2022: Market Research Report
The global blockchain technology market is anticipated to reach a value of $13.96 billion by 2022 and register a compound annual growth rate (CAGR) of 42.8 per cent during the period. This was revealed in a market report on this… Read More ›
The Trump Administration’s Great Firewall of Commerce blocks Huawei Technologies and ZTE from gaining access to U.S. market
The Trump Administration is taking a stronger stance on national security policies initiated by the Obama Administration and is increasingly frustrating Beijing’s efforts at acquiring strategic U.S. industries and U.S. technology. Two congressional aides have disclosed, U.S. lawmakers have urged… Read More ›
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