Companies will now have to re-work their tax strategies in order to optimize their U.S. tax profile. In what has been described as a major victory for President’s Obama’s drive to curb tax dodging moves made by corporates, Pfizer Inc’s… Read More ›
Economy & Finance
Possible Chinese Hackers Behind Historic Bangladesh Bank Cyber Heist: Philippines Senator
World’s biggest cyber heists, the theft of $81 million from the Bangladesh central bank, seems to be the handiwork of Chinese hackers according to a senator in the Philippines. On the other hand, a female bank manager in Manila accused… Read More ›
Governments across the globe to probe information in Panama Papers
The Panama Papers come at a time when countries across the globe are facing a financial shortfall. It would be in their interest to recover monies illegal parked in offshore accounts. With the leaking of documents from a Panamanian law… Read More ›
Financial details of the wealthy and corrupt – leaked
Is this another Edward Snowden for financial dealings? In a development that is likely to have serious wide ranged implications, tax authorities in New Zealand and Australia are investigating into a massive data leak from a Panama based law firm… Read More ›
Blackstone’s aggressive approach on India’s outsourcing nets it first catch MphasiS
With the west looking to save precious monies by cutting costs, India’s IT sector is increasingly being tapped. In a deal that marks the Blackstone Group’s biggest investment in India, the world’s biggest asset management company is all set to… Read More ›
With strategic low key moves Well Fargo grabs headlines
Slow consistent growth has helped nurture Wells Fargo into the giant bank it is today. Known for the strength of its retail banking, Wells Fargo has been stealthily making a name for itself in the far west of Midtown Manhattan,… Read More ›
Foxconn to acquire Sharp for $3.5 billion
$900 million has been cut from its initial offer arising out of the discovery of undisclosed liabilities at the very last minute. Casting off doubts of whether the two companies can work together in a fiercely competitive market, Foxconn has… Read More ›
Orange and Bouygues boards meet independently for merger talks
Ahead of their scheduled merger, the board of directors of the French telecom giants meet independently to iron out any burrs and regulatory requirements that may act as a hindrance to the deal. Two anonymous sources who are knowledgeable of… Read More ›
SunEdison at heightened risk of bankruptcy
Its aggressive acquisition strategy has saddled it with a whopping $11 billion in debt. However, since TerraForm Global Inc and TerraForm Power Inc, its sibblings, are yieldcos, with separate legal identities, they need not follow SunEdison if it were to… Read More ›
Energy Saving Missions Earns Recognition to Three Companies By The Pacific Power Programme
The names of the wattsmart® Business Partner of the Year winners are out. Pacific Power awarded the title of “wattsmart® Business Partner of the Year” to three business organisations that are based at Washington. The timely actions taken to conserve… Read More ›
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