The move is part of a broader push aimed at enhancing shareholder’s value and can be attributed to Elliot Management’s pressure on the South Korean tech giant. On Friday, Samsung Electronics Co Ltd disclosed it will be cancelling its shares… Read More ›
The Elliot Management-backed move, will boost shareholder’s return. The buyback will include common and preferred stocks. On Friday, Hyundai Motor Co stated, it would spend $228.3 million (255 billion won) to buyback its common and preferred stocks so as to… Read More ›
A significant chunk of this investment will be channelized towards developing electric and hybrid cars. Fiat Chrysler has pledged to spend at least $5.7 billion (5 billion euros) on developing new models, including engines, in Italy between 2019 to 2021;… Read More ›
In the United Kingdom, there has been a significant drop in advertising revenues for traditional media such as TV and newspapers and now the UK advertising industry is pinning its hopes on increased spend on digital media giants such as… Read More ›
The developing countries were praised for their role in global growth by UN Secretary-General Antonio Guterres. The global body is preparing to hold as South-South conference. In recent year, more than half of all global growth has been accounted for… Read More ›
One of the major aims of United States President Donald Trump imposing import tariffs on multiple products – and heavily on China, was to reduce the trade deficit that the US had with its trading partners. However, according to the… Read More ›
With the entry of Europe’s largest carmaker in the United States, the electric vehicle segment in the country is set to heat up. In a strategic development, Scott Keogh, the newly appointed CEO of Volkswagen Group of America stated, Volkswagen… Read More ›
The development comes just days before U.S. President Donald Trump is set to meet his Chinese counterpart in Buenos Aires. The outcome of the meet could either ease or worsen the growing trade war. Robert Lighthizer, the U.S. Trade Representative,… Read More ›
The Trump Administration played the Iran card saying the deal would protect against “.. growing ballistic missile threat from the Iranian regime and Iran-backed extremist groups.” According to a spokesman from the U.S. Department of State, Saudi Arabia will purchase… Read More ›
It has now been officially announced that the British economy would be hit by Brexit, the exit of Britain from the European Union. The economic fallout related to a number of Brexit scenarios have been published by government. All of… Read More ›
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