Samsonite, the world’s biggest luggage maker, has been accused of indulging in questionable accounting practices and poor corporate governance. On Monday, following the accusation of a short seller that Samsonite has been party to poor corporate governance and had engaged… Read More ›
Regulations & Legal
Regulations should facilitate cross-border mergers in Europe: ECB’s Francois Villeroy de Galhau
Reduced regulatory hurdles could spur more growth in the M&A scene in the EU. On Monday, CEB’s Francois Villeroy de Galhau, who is also the Governor of the Bank of France, stated, it is of prime importance that regulatory hurdles… Read More ›
EU aims to end trade dispute with U.S.
The U.S. tariffs, that are currently exempted, on EU’s exports of aluminum and steel to the U.S., are set to end on June 1. On Monday, Peter Altmaier, Germany’s Economy Minister disclosed Germany aims to end a trade dispute between… Read More ›
Agreement To Many Eurozone Banks Less Risky Reached By EU Finance Ministers
A consensus has bene reached between EU finance ministers to make bank regulations stricter which essentially meets a crucial German condition that was given to allow for any larger agreement on reforms in the eurozone. Berlina and other northern eurozone… Read More ›
Mark Zuckerberg Accused Of Avoiding Questions Of Lawmakers Of European Parliament
While apologizing for the mistakes by the company, Facebook CEO Mark Zuckerberg failed to impress the European lawmakers as he apparently dodged their questions. Political leaders and lawmakers at the European Parliament in Brussels spent about 8u0 minutes in questioning… Read More ›
Trump proposes heavy fine and management change at ZTE rather than impose sanctions on it
With U.S. lawmakers crystallizing their stance on ZTE, which they describe as a “serial and pre-meditated violators” of U.S. law, and given the national security implications surrounding the case, it would be interesting to see the results of the U.S…. Read More ›
Stacey Cunningham appointed first female CEO of the New York Stock Exchange
The development is significant in two ways: Cunningham’s appointment as NYSE’s first CEO and Thomas Farley’s departure from NYSE to head Far Point, a SPAC, that has the backing of Third Point LLC. In a first of its kind, the… Read More ›
The U.S. and China nearing deal to lift U.S. ban on ZTE Corp
The potential deal underscores the strategic importance tech know-how and market influence are to Beijing while Washington focuses on trade and slashing its trade deficit with China. As per two sources briefed on the talks between the United States… Read More ›
Boeing facing unionization at its South Carolina plant
The Boeing facility, employing 178 technicians, makes 787 Dreamliner jets. The Wall Street Journal has reported, Boeing’s workers at its South Carolina plant are set to vote on union representation later this month. The National Labor Relations Board (NLRB) has… Read More ›
$10.8 billion for Santos Ltd is ‘best and final’ offer: Harbour Energy
Habour Energy made it lucidly clear that it will no longer raise its bidding price prior to entering a Scheme Implementation Deed. On Monday, US private equity giant Harbour Energy stated its takeover proposal of $10.8 billion for Australia’s Santos… Read More ›