With this strategic fund Saudi Arabia plans to diversify its economy and wean it away from an oil-based economy. Japan’s SoftBank Group and Saudi Arabia have collaborated in an effort to create the world’s largest private equity fund which could… Read More ›
If both companies are to be merged with Leslie Moonves at the helm, he will have to be given complete autonomy, opined Mario Gabelli, the second biggest investor with voting rights in both Viacom and CBS. Mario Gabelli, the second… Read More ›
Creditors have lined up to buy the shipper’s assets related to Asia-U.S. operations. A spokesman for the South Korean court overseeing Hanjin Shipping Co’s receivership process has disclosed that the shipper’s Asia-U.S. operations is likely to be put up for… Read More ›
Wells Fargo executives have stated that the accounting scandal will have a significant effect on the growth of its retail banking business. The Wall Street Journal has reported citing the recording of an internal call, Wells Fargo & Co’s CFO… Read More ›
Unless the British government can retain passporting rights for its financial sector, some of the world biggest bankers have warned that the country could see an exodus. The question of whether Theresa May will be able to retain Britain’s financial… Read More ›
Two hacking groups employing similar tactics have been caught using the same IP addresses by Symantec. The Cyber security company has warned of attacks on SWIFT, the messaging system which is at the heart of the world’s financial system. Computer… Read More ›
Google is facing similar issues in Europe as well. Even if it were to win in one country, it could have a cascading effect on its other similar cases. In growing signs of trouble for Google, the head of South… Read More ›
Many analysts have questioned the benefits for Salesforce to buy Twitter since it already licenses its firehose AI platform. According to sources familiar with the matter at hand, despite facing opposition from shareholders, Salesforce.com Inc. is contemplating whether it should… Read More ›
The EPA and the California Air Resources Board have demanded a recall of 130,000 pickup trucks. Both manufacturers are sparring over who will bear the cost of the recall. Shedding a new light into the court case involving Fiat Chrysler… Read More ›
The results of the diesel emission scandal have found, Matthias Mueller, VW’s CEO, had no knowledge about the installation of cheating software in its vehicles. German newspaper, Bild am Sonntag, has reported citing a report by Jones Day, a law… Read More ›
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