iQiyi, China’s equivalent of Netflix, is expected to be valued between $8 billion to $10 billion. As per a source with direct knowledge of the plans, iQiyi, Baidu Inc’s video streaming service, is eyeing a IPO in the United States,… Read More ›
Regulations & Legal
Second round of U.S.-Japan economic dialog to be held on Oct. 16 in Washington
The economic dialog between the two of the biggest economies could potentially deepen U.S.-Japan economic relations. On Monday, the United States and Japan are likely to hold their second economic dialogue on October 16 in Washington, said a source familiar… Read More ›
U.S. refiners exporting sulfur heavy crude before the Oct. 1 deadline which sets stricter sulfur standards
The demand for light sweet crude, with lower sulfur content, is set to peak in the near future. On Monday, an executive from Enterprise Products disclosed that the demand for U.S. light sweet crude is could potentially go northwards since… Read More ›
Lufthansa in the lead to buy Air Berlin’s assets
Air Berlin’s board will take a final decision on the bidding process after October 11. As per two sources familiar with the matter at hand, Lufthansa is likely to buy a large stake in insolvent rival Air Berlin; EasyJet is… Read More ›
Trump Administration preparing grounds for tapping Afghanistan’s rare earth minerals
With Afghanistan’s President Ashraf Ghani visiting the U.S. the two leaders vowed to defeat terrorism, the steep hurdle that has to be crossed before Afghanistan’s riches can be tapped. In a meeting in New York, U.S. President Donald Trump and… Read More ›
State Handouts Paves Way For Road To Electric Car Paradise
The electric cars in the Norwegian island of Finnoey are exempt from the $6,000-a-year toll charges for the tunnel to the mainland and that is the reasons that this place has the highest density of electric cars in the world…. Read More ›
Trump Administration introduces bill to ease the exports of small arms
The move is likely to boost the sales of guns, but it is unlikely to have a significant impact on the overall revenues of U.S. gun makers, since exports sales account for only 10% of their total revenues. In efforts… Read More ›
Toshiba awaiting letters of commitments from the Bain Capital led consortium before formalizing the sale of its NAND chip business to it
Despite the development, there is a level of uncertainty caused by legal measures taken by Western Digital Corp, Toshiba’s joint venture partner in its chip business. On Thursday Japan’s embattled Toshiba Corp is expected to formalize the sale of its… Read More ›
Google to acquire a stake in HTC for $1.1 billion
The deal deepens Google’s investments in its Pixel line up. On Thursday, in a joint statement, Alphabet Inc’s Google and HTC, have said, the former will acquire a stake in HTC’s smartphone operations for $1.1 billion. As part of the… Read More ›
If No Global Deal Is Struck, EU Plans To Go Alone On The Issue Of Digital Tax
Even if the rest of the rich world did not follow suit, the EU should proceed with an overhaul of taxes on digital firms, the European Commission said according to a draft report. Accused of paying too little tax in… Read More ›
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