The first ever public listing at the New York stock market for Africa’s largest e-commerce firm Jumia saw it getting the startup “unicorn” status which is a tech start-up that is worth $1 billion or more. Analysts feel that this… Read More ›
Regulations & Legal
World Bank Calls For Greater Transparency In China Debts To Poor Countries
China needs to provide more clarity to the global industry about its lending to poor countries, said the new head of the World Bank while also warning that once again there has been an increase in debt problems are once… Read More ›
More Uncertainty Could Be Faced By Businesses Due To Brexit Delay, Says IMF
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 ›
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 ›
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