Europe and US are providing a hard time to the drinks companies. So much so, that they are struggling to maintain beer sales in these two regions. The reason – consumers look to pour themselves a healthier option and abstain… Read More ›
Economy & Finance
Cisco unveils $4 billion expansion plan into Mexico
This fresh investment is likely to boost Cisco’s margins as input costs are lower in Mexico. The Mexican government has disclosed that U.S. networking giant, Cisco Systems, plans on investing $4 billion in Mexico over the period of 2 years… Read More ›
Public Sector Bonuses and Ministers’ Pay are Cut by Saudi Arabia
In one of the most drastic measures yet by the energy-rich kingdom to save money at a time of low oil prices, Saudi Arabia will cut ministers’ salaries by 20 percent and scale back financial perks for public sector employees…. Read More ›
Post Brexit Vote, New Europe Unit Mulled by Wells Fargo
Before taking steps to ease the impact on its business, Wells Fargo & Co. won’t wait for the U.K. to formally trigger an exit from the European Union. Frank Pizzo, president for Europe, the Middle East and Africa, said in… Read More ›
Investors Question Lender’s Health Resulting in Slump in Deutsche Bank
Following a media report that said that the German government wouldn’t step in to back the lender, fueling investor concerns about its weakened finances, Deutsche Bank AG shares dropped to a record low and its riskiest bonds declined. Bringing losses… Read More ›
Biggest Buyers of U.S. Bond Markets are Selling at Historic Highs
Foreign central banks have become yet another worry for investors in the world’s most important bond market these days, they’ve long been one of the most reliable sources of demand for U.S. government debt. Based on the Federal Reserve’s official custodial… Read More ›
Tech companies tax profile to come under scrutiny in Thailand
Thailand’s revenue department plans to increase its tax collections and its working committee is looking into blocking tax loopholes that are exploited by tech firms. Internet and tech companies based in Thailand could potentially face increased scrutiny as the country… Read More ›
Majority of UK CEOs to either move their HQ or their operations out of Britain
EU business associations and companies agree that the only way Britain can continue to benefit from EU’s single market if it were to continue to follow its rules. Going by the results of a survey that was published on Sept…. Read More ›
For the $37 Billion Stock Sifter, Apple Is Now Boring Enough to Buy
The losing steam of Apple Inc. stocks has only made them a bargain. According to Robert Naess, who oversees 33 billion euros ($37 billion) in stocks at Nordea Bank, Scandinavia’s largest bank, the stocks of the iPhone maker is cheap… Read More ›
Amid iPhone Sales Concerns, Apple Shares Fall 2%
11 points off the Dow Jones industrial average was shaved after shares of Apple briefly dipped more than 2 percent in heavy afternoon trade on Friday. The Dow Jones was brought down as Apple is the third-greatest contributor to declines in the… Read More ›
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