The chief of the International Monetary Fund has warned that there would be extension of uncertainty for business if there is a decision to extend the deadline of Brexit by the UK and the European Union. While welcoming the fact… Read More ›
Regulations & Legal
U.S.-Japan trade talks to commence on April 15-16 in Washington
The trade talks are aimed at finding ways to address Tokyo’s $69 billion trade surplus with the United States. On Friday, Japan’s Economy Minister Toshimitsu Motegi disclosed, Tokyo and Washington are slated to hold their first round of trade talks… Read More ›
PG&E Corp appoints Nora Mead Brownell as its chairman
Along with Nora Mead Brownell’s appointment, PG&E Corp added several others to its board. These new addition to its board come in the wake of an ongoing battle with shareholder BlueMountain Capital Management LLC as well as crushing liabilities from… Read More ›
CIFIUS blocks China’s purchase of Toshiba’s U.S. liquefied natural gas (LNG) business
China’s bid to purchase Toshiba’s U.S. liquefied natural gas (LNG) business was blocked by CIFIUS. Analysts have warned, failure to find a buyer will significantly dent the chances of its recovery from bankruptcy. On Friday, Toshiba Corp’s shares fell by… Read More ›
Morgan Stanley becomes top shareholder in Chinese joint venture – Morgan Stanley Huaxin Fund Management Co
With China opening up its financial sector, worth trillions of dollars, foreign financial institutions can finally tap the Chinese market. In a deal that will result in Morgan Stanley becoming the top shareholder of Morgan Stanley Huaxin Fund Management Co,… Read More ›
France’s antitrust watchdog raids wines and spirit makers
The French antitrust watchdog is keeping a tight lid on these raids and havent disclosed the names of the firms it has raided. More information on these raids will be provided as and when more light is shed on them…. Read More ›
Fine Settlement Of $1.1bn For Standard Chartered In US And UK
A settlement charge of $1.1bn has been fixed for Standard Chartered in connection to charges against the bank of implementing insufficient money-laundering controls and violating sanctions against Iran and other countries imposed by the US and other global bodies. The… Read More ›
Ghosn Alleges His Former Colleagues At Nissan Had Backstabbed Him
In what was his first public address since he was first arrested last year, ousted former Nissan chairman Carlos Ghosn, through a video message, accused some of his former colleagues of “backstabbing” him to remove him from the post of… Read More ›
GE fined $58M for providing misleading data
GE had provided the misleading data during its bid to acquire Danish rotor blade maker LM Wind in 2017. The European Commission has levied a fine of $58.4 million (52 million euros) on U.S. conglomerate General Electric for providing misleading… Read More ›
London jury dismissed in landmark Barclays-Qatar case
Judge Robert Jay told the entire jury that their services are no longer required. In a landmark case revolving around fraudulent transactions perpetuated by four former Barclays executives who had been accused of paying Qatar undisclosed fees to help rescue… Read More ›
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