The acquisition will add AveXis top drug to its repertoire of drugs, which has a significant market in the U.S. for spinal muscular atrophy. On Monday, Switzerland-based healthcare giant Novartis announced its $8.7 billion deal to acquire AveXis; Novartis will… Read More ›
Entrepreneurship
Ford’s wholly owned subsidiary receives license to set up a bank in Germany
Ford Credit Europe (FCE), a wholly owned indirect subsidiary of Ford can now continue to service business customers, dealers, fleets and retailers, in Britain and other countries in Europe. A spokesman for Ford stated, its application to set up a… Read More ›
Hong Kong-based Modern Dental Group sees business opportunity in U.S. China trade conflict
With the United States slapping tariffs on Chinese imports, there is a growing market opportunity for rivals to Chinese companies to increase their market share in their respective segments and expand their foothold in the U.S. Modern Dental Group Ltd,… Read More ›
The United States threatens to impose tariffs on Chinese imports worth at least $100 billion
The U.S. tariffs are aimed at forcing China to modify and suitably change its coercive trade policy of forcible transfers of U.S. intellectual property to its domestic companies and gain technological advantage. U.S. President Donald Trump has directed official to… Read More ›
USDA looking for ways to shield farmers from U.S. – China trade conflict
Although the U.S. Department of Agriculture (USDA) has a range of options under which U.S. farmers could be protected, it is evaluating its options and gauging the market’s reaction. As per an official from the U.S. Department of Agriculture (USDA),… Read More ›
Britain’s market watchdog to asset manager : assess value of services provided to clients
Under new guidelines, the UK’s asset managers will have to annually report an assessment of the value of their services they provide to clients, such that clients can have a firmer grip on the fund’s objectives and better undertsand its… Read More ›
Strategic decision as to who will control Telecom Italia’s assets to be decided today
So as to protect Telecom Italia, Italy’s state lender, CDP, is likely to purchase a stake in the firm to protect its strategic assets. On Thursday, as per two sources familiar with the matter at hand, CDP, Italy’s state… Read More ›
Clariant expects to generate $2 billion in sales from North America within the next 3 years
Here is a snapshot of Clariant’s growth strategy. On Thursday, Swiss specialty chemicals maker Clariant stated, it expects to make $2 billion in sales from North America, its second-biggest market, by the next three years. In a statement, it has… Read More ›
India’s Jet Airways to purchase 75 Boeing 737 Max narrowbody jets for $8.8 billion
For the 41st time, India’s domestic air traffic is seeing double digit growth. India’s Mumbai-based Jet Airways Ltd disclosed it plans on purchasing 75 Boeing 737 MAX narrowbody jets from the U.S. airplane maker. Jet Airways did not disclose in… Read More ›
Deutsche Bank nominates 4 members to its supervisory board
The development comes midst questions being raised by major investors over the future leadership at Germany’s biggest bank. On Wednesday, Germany’s largest lender, Deutsche Bank stated John Thain, a veteran U.S. banker is being nominated to its supervisory board. The… Read More ›