Large oil firms, including BP and Shell are expected to benefit from changes made to the U.S tax code. On Tuesday, BP stated it expects a positive outcome from the recent changes in the U.S. tax law on its future… Read More ›
Regulations & Legal
Britain’s Brexit minister pitches for inclusion of financial services into free trade deal with the EU
Michel Barnier, EU’s Chief Brexit negotiator, had ruled out knowledge of an unfettered access to financial services in any trade deal with Britain. On Tuesday, Britain’s Brexit Minister David Davis stated that its financial services sector wants to be part… Read More ›
U.S. Congress approves 2.3% tax on U.S. medical devices
As per lobby groups from medical device makers, the re-imposition of the levy stiffles will once again stifle growth in the sector and slash jobs. Despite opposition from the medical manufacturing industry and a section of U.S. lawmakers, the U.S…. Read More ›
AT&T’s stands to gains significantly from its FirstNet project
All 50 States of the U.S. have agreed to participate in this $6.5 billion nationwide broadband network with U.S. territories, including Guam, Northern Mariana Islands, American Samoa set to confirm their respective participation by the end of March 2018. Following… Read More ›
Swiss consumer protection organisation files claim on Volkswagen and AMAG over dieselgate scandal
Both Volkswagen and AMAG have said, prima facie, there was no grounds for the complaint since, industry experts had not been able to establish any significant loss of value for VW diesel vehicles on the Swiss market. In yet another… Read More ›
Siemens to crystalise the value of its healthcare business in first half of 2018
This will be Germany’s largest IPO since Deutsche Telekom’s in 1996. Ahead of Healthineers’ IPO scheduled for the first half of 2018, Siemen’s healthcare business, the German giant will test the appetite of sovereign wealth funds to secure anchor investments… Read More ›
$102 Million, Including Bonuses, Paid To Apple CEO Tim Cook This Year
Apple’s chief executive, Tim Cook, collected a large share bonus that was related to the iPhone maker’s stock market performance and later he was paid $102m (£76m) this year. The total payment for 2017 for Cook was $102 million which comprised… Read More ›
South Korea seizes Hong Kong-flagged vessel for supplying oil to North Korean vessels at mid-sea
South Korean officials have seized the vessel Lighthouse Winmore which they say transferred oil to North Korean vessels at mid-sea. An official from South Korea’s foreign ministry stated it has seized a Hong Kong flagged vessel suspected of transferring oil… Read More ›
M&A activity peaks in 2017
This marks the highest levels since the 2007-2009 financial crisis. Analysts opine that after the passing of the U.S. Tax bill, M&A activity could pick up in 2018. 2017 has been a strong year for the M&A scene with activity… Read More ›
China caught supplying oil to North Korean vessels at sea
Despite China’s talk, the South Korean news report reiterates suspicion by Tokyo, Seoul and Washington that China has been actively aiding, bolstering and conducting business with its ally – North Korea. Following a South Korean news report that Chinese vessels… Read More ›
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