On Wednesday, in a statement, CStone Pharmaceuticals stated, a unit of Pfizer Inc has agreed to acquire a 9.9% stake in it for $200 million (HK$1.55 billion). With the news reaching the market the shares of the Hong Kong-listed biopharmaceutical… Read More ›
Entrepreneurship
Alex Schultz named as Facebook’s Chief Marketing Officer
In a statement Facebook Inc said, it has appointed Alex Schultz, a company veteran, as its new chief marketing officer. Schultz “runs product growth, analytics and internationalization” at Facebook Inc. A former eBay Inc employee, Schultz is set to replace… Read More ›
NextEra Energy interested in acquiring peer Duke Energy Corp
According to sources familiar with the matter at hand, NextEra Energy Inc, a power producer, has recently made a takeover approach towards its peer Duke Energy Corp. Despite Duke, which has a market value of more than $60 billion, rebuffing… Read More ›
Negotiators begin drafting EU-UK legal framework
On Tuesday, according to a report from The Times, negotiators from the European Union have signaled their willingness on creating a joint legal framework with the UK. EU’s chief negotiator Michel Barnier said, he is ready to begin work on… Read More ›
World’s top executives want re-calibration of work-life: survey results
According to the results of a survey released on Monday, nearly eight out of ten corporate executives are re-evaluating their work-life balance after experiencing poor mental health during the Wuhan coronavirus pandemic. The survey which included many top executives from… Read More ›
Tesla secures lithium ore supply chain, signs deal with Australian miner Piedmont Lithium
On Monday, Australian lithium miner Piedmont Lithium stated, it has signed a five-year deal with U.S. electric carmaker Tesla Inc for the supply of high-purity lithium ore mineral. With the news reaching the market Piedmont Lithium’s shares surged by 83%,… Read More ›
Investors crowd South Korea’s Big Hit Entertainment, IPO oversubscribed by 1000+ times
On Monday, Big Hit Entertainment, the management label of South Korean hugely popular K-Pop group BTS, priced its initial public offering (IPO) at the top of its range, with buyers hoping to gain from South Korea’s biggest IPO in the… Read More ›
Surprise Revenue Rise Reported By Blackberry In Q2 Driven By Higher Software And Licensing Demand
With an increase in the sale of its security software product and strong growth in its patent licensing business helped Canada’s BlackBerry Ltd to report a 6 per cent rise in quarterly revenue of the company which came as a… Read More ›
Impact of COVID-19 in U.S. beef supply chain
In a significant development, the U.S. Department of Agriculture stated, it will be funding a $1 million research project to identify how COVID-19 could potentially enter the nation’s beef supply chain, starting from cattle in farms to packages of meat… Read More ›
BlackRock and Vanguard add new ETFs with soaring demand for ESG equity products
In a significant development, some of the world’s biggest asset managers, including BlackRock Inc and Vanguard Group Inc have introduced new exchange-traded funds that exclude fossil fuel companies including coal, oil and companies from other industries, after a number of… Read More ›