In a development that marks and underscores the massive impact the coronavirus is having on the oil industry, Exxon Mobil Corp stated, it will keep its fourth-quarter dividend flat at 87 cents a share. This is the first time since 1982… Read More ›
HR & Organization
Indian conglomerate Tata Group negotiating purchase of majority stake worth $1 billion in BigBasket
In a report, the Economic Times reported citing three sources familiar with the matter at hand as saying, India’s salt-to-software conglomerate Tata Group is in advanced talks to acquire to a majority stake in Indian online grocery startup BigBasket for… Read More ›
Vietnam signs $2.8 billion LNG deal with AES Corp: U.S. Secretary of State Mike Pompeo
On Wednesday, U.S. Secretary of State Mike Pompeo stated, AES Corp will sign a deal with PetroVietnam Gas to develop a $2.8 billion liquefied natural gas (LNG) import terminal as well as a power plant in Vietnam. “Vietnam has given the… Read More ›
Study In UK Finds Young People Hit Hardest By Covid-19 Job Losses
A new study that documented the growing divisions in the workplace since March when the novel coronavirus pandemic hit the United Kingdom has found that younger people in the country are more than twice as likely to lose their jobs… Read More ›
Europe’s biggest bank by asset, HSBC accelerates restructuring plan after posting 35% drop in Q3 profits
On Tuesday, in a statement HSBC Holdings PLC said, it plans on accelerating its restructuring plans after it posted a 35% drop in quarterly profits and flagged an easing in its provisions for bad debts citing an expected improvements in the… Read More ›
European Commission clears regulatory approval for LVMH’s $16 billion acquisition of Tiffany & Co.
In a statement, U.S. jeweler Tiffany & Co stated, it has received all required regulatory approvals for the completion of a $16 billion (12.29 billion pounds) acquisition by French luxury goods group LVMH, The approval from the European competition comes… Read More ›
Ant Group set to close $17.2 billion Hong Kong and Shanghai institutional offer 1 day ahead of schedule
According to two sources with direct knowledge of the matter at hand, China’s Ant Group is set to close its Hong Kong institutional book building a day ahead of schedule, as it races to raise $17.2 billion from the city…. Read More ›
Chevron’s Middleastern pivot central to its energy strategy
In a significant development, U.S. oil giant Chevron Corp is staking its natural gas future on the Middle East, a typically volatile region where energy majors have long tread warily. Chevron’s CEO Michael Wirth’s Middle Eastern pivot underpins a bet that… Read More ›
Dunkin’ Brands Group Inc in early negotiations to sell itself to Inspire Brands
In a statement Baskin Robbins chains owner Dunkin’ Brands Group Inc said, it has held preliminary discussions with private equity-backed restaurant company Inspire Brands. “There is no certainty that any agreement will be reached,” said Karen Raskopf, Chief Communications Officer of… Read More ›
Blackstone acquires Simply Self Storage from Brookfield Asset Management Inc for $1.2 billion
Late on Sunday, a spokeswoman for Blackstone Group Inc said, the asset manager has reached an agreement to acquire Simply Self Storage from Canada’s Brookfield Asset Management Inc for around $1.2 billion. The news confirms an earlier report from the Wall… Read More ›
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