The development marks a rare defeat for investment mogul Warren Buffet. As per a source familiar with the matter at hand, Energy Future Holdings, a bankrupt Texas utility is likely to abandon a deal to sell Oncor, a power transmission… Read More ›
Regulations & Legal
Trump Administration launches formal investigation into China’s Intellectual Property trade practices
As per officials within the Administration, the theft of U.S. IP is at least $600 million, if not more. Following up on a call by U.S. President Donald Trump earlier this week to determine whether a probe was required into… Read More ›
CEFC China Energy in preliminary talks to acquire a stake in Russian oil giant Rosneft
The development is loaded with geo-political nuances and is strategically important for China. As per three sources with direct knowledge of the discussion, CEFC China Energy, is in preliminary talks with Russian state oil giant Rosneft in order to acquire… Read More ›
Apple’s Cook Vows Donations To Rights Groups And Says He Disagrees With Trump
After U.S. President Donald Trump blamed white nationalists and anti-racism activists equally for violence in Virginia over the weekend, Apple Inc CEO Tim Cook has joined a chorus of business leaders who have voiced their opposition to Trump. “I disagree… Read More ›
Ericsson sues Wiko over patent infringement issues
Ericsson has alleged that Wiko infringed on several of its patents for several years depite negotiations from 2013. Swedish mobile gear maker Ericsson has dragged French-Chinese smartphone maker Wiko to court in Germany over patent infringements. On Thursday, Ericsson stated… Read More ›
Chinese state backed China Unicom reports misleading fund raising figure, opens Pandoras Box
Although the misrepresentation has been quickly dismissed by China Unicom Hong Kong Ltd as a technical issue, the fact that China Unicom has the full support and backing of the Chinese state, it puts into doubt the veracity of the… Read More ›
The majority of British companies have yet to make changes in their strategic planning vis-a-vis Brexit
The result of a survey conducted by Thomson Reuters on British CFOs is intriguing. As per the results of a survey conducted by Thomson Reuters on British CFOs, the vast majority of British businesses are not in synch… Read More ›
Placing a nuclear warhead on an ICBM missile would be crossing a red line: South Korea’s President Moon Jae-in
This is the first time that the South Korean President has clarified on this matter. North Korea will now know there’s no turning back the clock if it were to continue doing its Don Quixote act. On Thursday, South Korea’s… Read More ›
Elliott Management wants in-depth, open, truly independent review of BHP’s U.S. shale oil business
This is indicative that the money fuelling dirty fossil fuels will be better utilised elsewhere. This could also give rise to a slew of lawsuits that oil companies have been misleading shareholders on the impact of their business on global… Read More ›
Britain’s wants access to EU’s single block market, frictionless border with Northern Ireland
Lawmakers from the UK’s Labour Party have termed the government’s negotiation’s approach as ideas which havent been really fleshed out. In an early attempt to resolve one of its complex aspects of exiting the European Union, Britain aims to have… Read More ›
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