On Thursday, in a statement Malaysia’s Ministry of Finance said, it had received $80 million from audit firm Deloitte PLT, as part of a settlement deal related to 1Malaysia Development Berhad (1MDB) scandal. It went on to add, it is… Read More ›
Strategy
JPMorgan exploring potential opportunities for add-on acquisitions
In a statement Mary Callahan Erdoes, the head of asset and wealth management at JPMorgan Chase & Co said, her division of the bank is “looking into possible opportunities for add-on acquisitions”. “I wouldn’t assume we haven’t done anything,” said… Read More ›
Britain set to join Comprehensive and Progressive Agreement for Trans-Pacific Partnership
On Wednesday, members nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially agreed to allow the United Kingdom to start the process of joining the pact, said Japan’s economy minister in a statement. Welcoming the start of… Read More ›
Oxford and AstraZeneca tweaking COVID-19 vaccines to target variants by autumn
Britain is in talks with Oxford and AstraZeneca for additional doses of their COVID-19 vaccine which has been tweaked for improved targeting of the Wuhan Coronavirus variant that was first identified in South Africa. Previously, the country had secured 100… Read More ›
Tesla failed to pre-approve Musk’s tweets: SEC
According to a report from the Wall Street Journal, in 2020 the SEC had told Tesla Inc last year that tweets of its CEO Elon Musk had twice violated a settlement requirement wherein it was decided and agreed that his… Read More ›
Tyson Foods Inc expands its plant-based meat alternatives to select Asia-Pacific markets
U.S. meat processor Tyson Foods Inc is set to launch its plant-based food in select Asia-Pacific markets from this month in its bid to cash in on the burgeoning demand for meat substitutes in the region. Nestle SA, Impossible Foods… Read More ›
2020 Saw A 5% Drop In Carbon Emissions In Australia
There was growth in the generation of wind and solar energy in Australia in 2020 while the country’s carbon emissions dropped during the year by 2020, the government of the country said on Monday. According to analysts this was primarily… Read More ›
Growth In China’s Factory Activity In May Allows Slightly Due To Surge In Raw Materials Costs
With the growth of costs for raw materials increasing at the fastest pace in more than two decades factory activity growth in China slowed down slightly in May. The high costs of raw materials affected the output of small and… Read More ›
Baby And Maternity Stocks Soar As China Announces Its New 3-Child Policy
The manufacturers of strollers, car seats and baby formula could have a field day by the decision of China to shift away from its one children policy and to allow families to have three children. Whether it would lead to… Read More ›
Top Bank Executives Entering Hong Kong To Be Exempt From Quarantine
The Securities and Futures Commission (SFC) has said that strict virus quarantine measures in Hong Kong are not being applied on top bankers. An application for the mandatory 21-day quarantine could be filed by senior banking executives who are fully… Read More ›
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