This strategic change will be hugely beneficial for McDonald as it will be largely absolved of fluctuations in China’s turbulent economy but will come with assured yearly royalties. As per sources who are familiar with the matter at hand, McDonald’s… Read More ›
A significant dip in demand from China, along with falling prices have deeply affected its operations. The Obama administration’s climate change policies have only compounded its woes. Faced with a significant drop in coal prices, U.S. coal producer Peabody Energy… Read More ›
The raid by the Panamanian police is supposedly looking for evidence of illegal activities by the law firm. Late on Tuesday, Panama’s Attorney General has raided the offices of Mossack Fonseca, a law firm, in search for evidence of illegal… Read More ›
The company is set to split in the second half of this year. Alcoa Inc., a company which deals in metals, has reported a lower quarterly profit thanks to low commodity prices. Plant closures and disinvestments along with a strong… Read More ›
Citing reasons of China’s slowdown, persistently low oil prices and chronic weakness in advanced economies, the International Monetary Fund cut its global growth forecast for the fourth time in the past year on Tuesday. The global economy would grow at… Read More ›
The estimated time for closure for this merger is mid-2016. With the shareholders of Marriott International Inc. and Starwood Hotels & Resorts Worldwide Inc. approving their merger, has resulted in the combined entity becoming the biggest hotel company in the… Read More ›
This is a major victory for New York Attorney General Eric Schneiderman. The U.S. Department of Justice has disclosed that the Goldman Sachs Group Inc., has now agreed to shell out $5.06 billion in settlement claims for having misled mortgage… Read More ›
FIREapps, a risk consultancy firm, has filed a report on the impact that currency fluctuations have had on U.S. MNCs In a report prepared by FIREapps, fluctuations in exchange rates during the last quarter of 2015 had the biggest negative… Read More ›
The greatest risk facing the region is the U.K. referendum on its membership of the European Union, says the vice-chair of financial services firm Allianz Global Investors, reported CNBC. Regardless of the outcome of the vote on June 23, it… Read More ›
Iceland’s President has already resigned following the leak now dubbed as the ‘Panama Papers’. There is increasing pressure on Britain’s Prime Minister to come clean. During a TV interview, yesterday, British Prime Minister David Cameron acknowledged that he once had… Read More ›
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