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 ›
HR & Organization
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 ›
Cement maker LafargeHolcim loses key investor from its board
Key personnels from cement maker LafargeHolcim are set to step down from its board at its 2018 AGM. On Wednesday, Cement maker LafargeHolcim stated Thomas Schmidheiny, its largest most influential shareholder who has been the driving force behind merger which… Read More ›
China raises anti-dumping tariffs on diethylene glycol and ethylene glycol
A range of U.S and European companies, are likely to be affected by this measure, including DowDuPont, Equistar, BASF, Eastman, Sasol and Ineos. On Wednesday, China’s Ministry of Commerce said, Beijing will raise anti-dumping tariffs on diethylene glycol and ethylene… Read More ›
Landmark Transfer Pricing tax suit – Coca-Cola vs the U.S. IRS
The lawsuit is drawing loads of eyeballs since it could set a precedent for MNCs over their transfer pricing mechanism. In a lawsuit, closely watched by tax experts, that marks a growing signs of tension between the U.S. Internal Revenue… Read More ›
Beijing imposes additional tariffs on U.S. exports
Beijing move will impact $3 billion U.S. exports to China. China’s finance ministry stated, Beijing has imposed additional tariffs of up to 25% on 128 U.S. products including including certain nuts, wine and frozen pork, in response to U.S. duties… Read More ›
Christian Strenger, founding member of Germany’s Corporate Governance Commission calls investors to vote against Wolfgang Porsche’s re-election to VW’s board at its AGM
Although Christian Strenger has a a small stake in VW, as the ex-CEO of DWS, Deutsche Bank’s asset management arm, and being the founding member of Germany’s Corporate Governance Commission, he has a prominent voice. German newspaper Frankfurter Allgemeine Sonntagszeitung… Read More ›
Trump’s attack on Amazon.com leads to $24 billion loss in market capitalization
As per news reporting service Axios, Trump is considering ways to rein in Amazon’s power. In the second instance of its kind, U.S. President Donald Trump came down heavily on Amazon.com Inc accusing it of benefiting unfairly from cheap rates… Read More ›
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