The market valuation of the United States based tech giant Apple is now greater than the total combined value of all of the firms of the top share index of the United Kingdom. With a 4 per cent spurt in… Read More ›
Strategy
Walmart unveils Walmart Plus membership program, with lower monthly fees than Amazon.com Inc
In a development that sees Walmart Inc ramping efforts to compete with rival Amazon.com Inc’s Prime membership program, Walmart unveiled its own membership program, Walmart Plus, which grants subscribers unlimited free delivery, fuel discounts and the option of zero checkout… Read More ›
PayPal makes splash into Australia’s buy-now-pay-later sector, hammers Australia’s Afterpay’s share prices
On Wednesday, shares of Australia’s Afterpay Ltd as well as its smaller consumer lenders tumbled for a second day following the entry of U.S. giant PayPal into the buy-now-pay-later sector which sent investors scrambling to re-price its stocks. Shares of… Read More ›
Unilever Plc to invest 1 billion euros into biotechnology research, create biodegradable and water-efficient product formulations
On Wednesday, in a significant development, Unilever Plc said by 2030 it aims to remove fossil fuels from its cleaning products and will be investing 1 billion euros to that end, including cutting down on carbon emissions created by the… Read More ›
Chevron Corp sues Australian fuel supplier Ampol Ltd over alleged breach of trademark license deal
In a statement on Tuesday, Australian fuel supplier Ampol Ltd said, Chevron Corp has launched court proceedings against alleging breaches of a trademark license deal through which previously it used to use the company’s “Caltex” brand. According to Chevron, these… Read More ›
TPH hires Morgan Stanley and JPMorgan Chase for potential sale of Astound
According to sources familiar with the matter at hand, private equity firm TPG is exploring the potential sale of Astound in a deal that could value the “owner of a U.S. network of regional cable TV and internet providers at… Read More ›
Amid Escalating Trade Tensions, China Again Targets Australian Wine
With increasing tensions between Australia and China, regulators in Beijing have put up another hurdle in front of Australian winemakers. After a complaint from the China Wine Industry Association, an anti-subsidy investigation of some wine imports from Australia has been… Read More ›
Warren Buffett Chooses Five Biggest Trading Houses In Japan To Invest $6bn
Billionaire investor Warren Buffett has chosen Japan’s five biggest trading houses to invest $6bn. These conglomerates have arrange of businesses in everything – ranging from importing food and textiles to the technology and manufacturing industries. Analysts view this move by… Read More ›
Exxon restarted Beaumont, Texas, small crude distillation unit and fludic catalytic cracker units
According to sources familiar with Exxon Mobil Corp’s operations, the oil giant has restarted it’s small crude distillation unit (CDU) and gasoline-producing fludic catalytic cracker (FCC) at its 369,024 barrel-per-day (bpd) Beaumont, Texas, refinery. The 110,000-bpd Crude A CDU and… Read More ›
Irish Finance Minister Claims Possibility To Get Tax Deal On Tech Giant This Year
According to the Irish finance minister, a deal between Europe and the United States on the issue of new tax arrangements for digital giants could be had in 2020 itself. There is a disagreement between countries – especially between the… Read More ›
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