The combined company will control more than a quarter of the world’s seed and pesticide market. With the U.S. Justice Department giving the green signal to Bayer AG’s bid to acquire Monsanto Co for $62.5 billion deal, with both companies… Read More ›
Regulations & Legal
Samsung Securities Co Ltd accidentally issues 2.8 billion shares worth $100 billion to its employees
The error, ascribed to fat fingers, has led to a public outcry. Some employees were quick to sell the shares mistakenly issued to them. South Korean authorities are investigating the incident. On Tuesday, South Korea’s National Pension Service, the countries… Read More ›
USD rises against the yen midst increase in risk appetite following Xi’s speech
Chinese President Xi Jinping’s speech wherein he has promised to open up China’s economy and cut import tariffs have eased investor concerns surrounding the growing trade conflict between the two of the world’s biggest economies. On Tuesday, with Chinese President… Read More ›
There Is Proof That “Sin Taxes” In UK Are Giving Results
Products that are harmful for health of people and the environment are being slapped with new taxes by the United Kingdom as its government strives to alter the consumption behavior of consumers. Plastic bags, diesel cars and sugary soft drinks… Read More ›
Financial Reporting Council (FRC) accepts tougher measures against poor financial reporting by the Big Four audit firms
Although the measures adopted by the FRC are strong, in comparison to penalties imposed by Britain’s Financial Conduct Authority they are still small. On Monday, in a significant development, the Financial Reporting Council (FRC) disclosed that it has accepted the… Read More ›
Novartis to acquire AveXis for $8.7 billion
The acquisition will add AveXis top drug to its repertoire of drugs, which has a significant market in the U.S. for spinal muscular atrophy. On Monday, Switzerland-based healthcare giant Novartis announced its $8.7 billion deal to acquire AveXis; Novartis will… Read More ›
Ford’s wholly owned subsidiary receives license to set up a bank in Germany
Ford Credit Europe (FCE), a wholly owned indirect subsidiary of Ford can now continue to service business customers, dealers, fleets and retailers, in Britain and other countries in Europe. A spokesman for Ford stated, its application to set up a… Read More ›
Hong Kong-based Modern Dental Group sees business opportunity in U.S. China trade conflict
With the United States slapping tariffs on Chinese imports, there is a growing market opportunity for rivals to Chinese companies to increase their market share in their respective segments and expand their foothold in the U.S. Modern Dental Group Ltd,… Read More ›
The United States threatens to impose tariffs on Chinese imports worth at least $100 billion
The U.S. tariffs are aimed at forcing China to modify and suitably change its coercive trade policy of forcible transfers of U.S. intellectual property to its domestic companies and gain technological advantage. U.S. President Donald Trump has directed official to… Read More ›
USDA looking for ways to shield farmers from U.S. – China trade conflict
Although the U.S. Department of Agriculture (USDA) has a range of options under which U.S. farmers could be protected, it is evaluating its options and gauging the market’s reaction. As per an official from the U.S. Department of Agriculture (USDA),… Read More ›