A fascinating read on how the members of OPEC came through with the deal to cut their respective oil production and help reduce the glut in the global oil market. It appears that Russian President Vladimir Putin has played a… Read More ›
Regulations & Legal
Trump needs to sell his business interest entirely to avoid any conflict of interest: legal experts
Trump has set Dec. 15 as the date on which he will make his stand clear. He will have to disassociate himself and his kids from all of his business interests before he takes office on January 20, 2017. Before… Read More ›
OPEC creates milestone by deciding to limit oil prices from January 2017
OPEC will now meet non-cartel members on December 9 to convince them that they should do the same. In a historical development, the world’s largest oil exporters have agreed on a cut to their oil production for the first time… Read More ›
Europe to boost defence spending
Facing threats from several fronts, military commanders from NATO and EU have decided to boost military spending. Top European military & NATO officials gathered in Berlin to discuss ways to deal with threats facing Europe and address concerns raised by… Read More ›
Cohen settles class-action lawsuit with a $135 million settlement
The class-action lawsuit had alleged loss of money to investors due to insider trading by Cohen’s hedge fund. Steven A. Cohen, a billionaire who used to formerly run SAC Capital Advisors LP, a hedge fund has now decided to settle… Read More ›
VW inches to a final agreement with U.S. regulators and lawyers representing car owners
U.S. District Judge Charles Breyer has scheduled the next hearing for Dec 16. The current hearing has been postponed since “may produce a resolution of the outstanding issues.” In a development that could add additional pressure to embattled auto maker… Read More ›
U.S Supermarket chain Albertsons in advanced talks with NY-based Grocery Store Price Chopper
If the deal goes through, Albertsons will significantly boost its presence in the U.S. Northeast where Price Chopper already has market presence. The move could help Albertsons fight off online retail giants such as ALDI Inc., Amazon.com Inc. and Wal-Mart… Read More ›
Britain on a charm offensive before it invokes Article 50 of the EU Lisbon Treaty
Theresa May sees a friend in Polish Prime Minister Beata Szydlo since Poland too has called for reforms within the EU; Poland has ~830,000 citizens living in in Britain who have been harassed following Britain’s historic vote. British Prime Minister… Read More ›
Parliamentary approval must for Brexit – British think-tank
The British government has gone on appeal on a London High court ruling which stated that parliamentary approval will have to be required before she triggers Article 50 of the Lisbon Treaty. In what can be stated to be the… Read More ›
Samsung Group to decide today whether it will split into two
The proposal had been put forward by Hedge fund activist Elliot Management. Seoul Economic Daily has reported today citing a source that Samsung Electronics will consider splitting into two, as suggested by U.S. activist hedge fund Elliott Management. A split… Read More ›
