According to analysts and trade experts, the coup by Myanmar’s military is likely to dampen the interest of western companies in investing in the country and may even prompt big U.S. companies to relocate. In the first 11 months of… Read More ›
Entrepreneurship
Grab raises $2 billion from first term loan midst strong demand from institutional investors
In a statement, Southeast Asian ride-hailing and food delivery giant Grab said, it has raised $2 billion from its first term loan, in what is said to be the biggest institutional debt in Asia’s technology sector. The development comes as… Read More ›
Exposure of hedge funds at near record levels: Goldman Sachs
According to an analysis by Goldman Sachs Inc, last week, U.S. hedge funds bought and sold the most stock in more than a decade midst wild swings in GameStop Corp shares that many had bet against; their market exposure continues… Read More ›
Playboy nears deal to acquire sexual wellness chain Lovers
According to sources familiar with the matter at hand, Playboy Enterprises Inc is nearing a deal to acquire the parent company of sexual wellness chain Lovers as it seeks to grow its lifestyle brand following the closure of its eponymous… Read More ›
Britain applies for Comprehensive and Progressive Agreement for Trans-Pacific Partnership
In the coming week Britain is set to apply for a membership to the trans-Pacific trading bloc of 11 countries. Ever since it left the European Union, Britain has made its desire to join the Comprehensive and Progressive Agreement for… Read More ›
10 fold increase in deposit requirement led to temporary buying curb: Robinhood
In a statement, online broker Robinhood said, it has placed temporary buying restrictions on a small number following ten-fold increase in deposit requirements as mandated by clearing house. “….the required amount we had to deposit with the clearing house was… Read More ›
2020 US Economy Performance Worst In 74 Years Due To Covid-19 Hit
The Cvoid-19 pandemic significantly life-saving financing lifeline in eth United States in 2020 along with investments in business resulting in the largest economy of the world posting a contraction for the year that was the deepest since World War II…. Read More ›
Whirlpool forecasts strong 2021 profit earnings, based on strong North American demand
Basing itself on its quarterly earnings, which beat estimates based on strong demand for its home appliances from people stuck at home due to the coronavirus-induced COVID-19 pandemic, Whirlpool Corp has forecast a 2021 profit above analysts’ expectations. Demand for… Read More ›
WeWork in talks to go public through SPAC
According to a source familiar with the matter at hand, WeWork is in talks to go public through a merger with a special purpose acquisition company (SPAC); it is also seeking funds from private investors a little more than a… Read More ›
Boeing gets approval to sell F-15EX fighter jet to India
According to a senior executive from Boeing, the company has received a license from the U.S. government to offer its F-15EX fighter jet to the Indian air force. Boeing’s F-15EX fighter jet will compete with France’s Rafale, Sweden’s Gripen among… Read More ›
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