The company is drawing up plans to test the waters. Nothing is sure yet. Its at a preliminary stage. However, it makes sense if it were to come out with an IPO since it would give it a strategic hold… Read More ›
Regulations & Legal
Germany’s transport and pharma industries to bear the brunt of Brexit – Survey
Smaller European countries such as Switzerland, Netherlands and Belgium are likely to take a bigger hit since their industry and commerce isn’t as diversified as Germany’s. As per the results of a study in Germany, the country’s transport and pharmaceutical… Read More ›
New draft law aims to plug tax loop holes frequently used by MNCs in EU
Companies who have re-domiciled better perk up and pay attention. If the European Commission has its way, they will have to bite their tax bullet. The European Union is preparing a new law under which large companies in every country… Read More ›
Chinese foreign currency regulator busts underground bank transactions worth $148 billion
With the yuan trading at a 6 year low against the greenback and with the Chinese economy still loitering in the doldrums, regulators are especially eager to clamp down hard on the rabid underground economy. Financial News has reported, citing… Read More ›
VW and its works council hammer out a $5.5-$6.6 billion cost cutting strategy
Finer burrs are yet to be ironed out. Discussions between the two are still underway, as per anonymous sources. Manager Magazin has reported citing anonymous sources, Volkswagen’s brand management has agreed with labour leaders to adopt cost cutting measures in… Read More ›
Credit Cruise agrees to settle Italian tax case for $110 million
As per a source with direct knowledge of the matter at hand, Credit Suisse CNGN has agreed, in principle, to pay about $110 million (100 million euros) in order to settle its tax investigation in Italy. According to investigators, Credit… Read More ›
Samsung faces potential class-action lawsuit in U.S. over its fire-prone Galaxy Note 7
The complaint revolves around the issue that although the smartphones weren’t operational they have been billed on a monthly basis. The U.S. unit of Samsung Electronics Co Ltd is facing a proposed class action lawsuit from 3 Galaxy Note 7… Read More ›
Delays in capital infusion in Audi’s tech projects could undermine VW’s long term competitiveness
With Audi being VW’s profit engine, delays in implementing technological projects are likely to weigh down its competiveness in the burgeoning EV market. The diesel emission scandal is now casting its long dark shadows on its very future. Sources… Read More ›
Visa’s Charles Scharf passes on the reins to Alfred Kelly
Kelly is likely to focus on tighter integration of the company’s operations in the U.S., Europe and China. Visa Inc. has disclosed that its CEO, Charles Scharf, will be stepping down and will be succeeded by Alfred Kelly. Scharf was… Read More ›
Hyundai Merchant Marine likely to bid for Hanjin Shipping’s Asia-U.S. route’s assets
As per government sources, the South Korean government could lend Hyundai Merchant Marine a helping hand if it were to bid for Hanjin Shipping’s assets. Hanjin Shipping Co Ltd may receive a lifeline from Hyundai Merchant Marine Co Ltd. The… Read More ›
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