With Wal-Mart ramping up its online sales strategy to better fend off Amazon.com Inc, the move is starting to pay dividends. The world’s biggest brick-and-mortar retailer, Wal-Mart Stores Inc has forecast a 40% rise in its U.S. online sales for… Read More ›
Theft of intellectual property has been a touchy issue with Beijing: with allegations that it forces companies to hand over intellectual property as a price of doing business in the country to outright theft of software and ideas from U.S…. Read More ›
The $56 billion swap deal is South Korea’s largest ever currency swap deal, accounting for nearly 45% of its swap arrangements. The deal is likely to cement economic ties and act as an additional layer of a safety net. A… Read More ›
The construction and engineering conglomerate is being probed by Brazilian authorities into alleged payoffs to politicians and government officials by the company to win government contracts, including for Petroleo Brasileiro SA. Brazilian daily, O Globo has reported citing calculations from… Read More ›
The funds were channeled through Monarch’s offshore holding company, Petrol Jersey in several tranches. On Monday, as per a report by the Financial Times, Boeing Co had sunk in $130 million (100 million pounds) into Britain’s now collapsed Monarch Airlines…. Read More ›
As per sources, the Honeywell is mulling the creation of at least two new public limited companies as a result of the spin-off, one of which could include its aerospace business. GE is also in the process of spinning-off or… Read More ›
Having acquired a stake of 15.4%, Elliott Management’s bid for Gigamon has currently stalled due to its offer price being below Gigamon’s currently traded share price of $43.55. As per sources familiar with the matter at hand, Elliott Management’s attempt… Read More ›
As per a senior U.S. official, Trump is said to decertify the Iran nuclear deal in the near future. Emerging from a meeting with U.S. military leaders, U.S. President Donald Trump declared the moment as “the calm before the storm.”… Read More ›
French carmaker Peugeot aims to not only boost sales volumes but the company’s image as well in Brazil, one of the 5 priority markets for cars in the world. In a significant development that is aimed at improving French carmaker… Read More ›
As per the U.S. Census Bureau, the trade deficit between the two nations have dropped significantly in June 2017. In a positive development that is likely to pave way for future trade talks, South Korea disclosed it was open to… Read More ›
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