ABB will sell only 80.1% of its stake in the business following which it will revamp its business structure. Zurich-based ABB has reached a deal to sell its Power Grids business to Japan’s Hitachi for an undisclosed amount. In a… Read More ›
Strategy
Spacelabs Healthcare Inc wins $450 million U.S. Defense contract
Spacelabs Healthcare Inc is a unit of OSI Systems Inc. The Pentagon has stated, Spacelabs Healthcare Inc, a unit of OSI Systems Inc has been awarded a $450 million U.S. defense contract. The deal involves systems for monitoring patients, accessories… Read More ›
Rising risks of ‘managed’ Brexit: senior British Minister
If British Prime Minister Theresa May does not win sufficient support for her Brexit deal from Brussels, the likelihood of a managed disorderly exit from the EU is likely to rise. According to a senior British minister, British Prime Minister… Read More ›
U.S. Sets March 2 Date For Increased Tariff On Chinese Goods Worth $200 Billion
While the trade representatives from the United States and China get ready to start off negotiations on trade as a part of the 90 day truce agreed that China and the US agreed upon earlier in the month between Chinese… Read More ›
China Should Speed Up Reforms To Counter Trade War, Urges Chinese Advisers
The Chinese government has the means to effectively tackle the economic setbacks because of the trade war with the United States, believes a group of current and former government advisers. While doing so, Chinese policy makers would also need to… Read More ›
Two Key Economic Indicators Reflects Slowdown In Chinese Economy
The latest November economic data from the second largest economy of the world – China, presented a grim picture. The growth in the retail segment was the slowest in November since weakest rate in 2003 and the rate of industrial… Read More ›
Toxic High Levels Of Lead In Kids’ Jewelry Kits, Target, Walmart, And Importer Sued In US
Retailers Target, Walmart and a toy importer have been alleged of distributing children’s jewelry-making kits which reportedly contain very high levels of lead which can be dangerous for children. The New York attorney general is also suing the three entities… Read More ›
Thyssenkrupp names Johannes Dietsch as its CFO
Johannes Dietsch played a pivotal role in Bayer, as its CFO, in arranging the funding for the $63 billion takeover of Monsanto. On Friday, Germany’s Thyssenkrupp stated, it would propose to name former Bayer finance chief Johannes Dietsch as its… Read More ›
Time to bet big on India: Blackstone’s Stephen Schwarzman
Macro and micro economic conditions makes investment opportunities in India a lucrative option. In an interview published by the Economic Times on Friday, Blackstone’s chairman Stephen Schwarzman stated, given India’s current scenario, this is the best time to invest in… Read More ›
Solar panels prices across market-segments at their historical low
Despite the weakness in the utility-scale solar market in the U.S due to Trump’s 30% tariffs on imported panels, the large volumes of projects that are being set up, along with China’s decision to heavily subsidies solar panels has led… Read More ›
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