After Brexit is complete, a bespoke deal with the European Union would be possible for Britain to make, French President Emmanuel Macron said on Saturday. Striking such a deal is among the primary aims of British Prime Minister Theresa May…. Read More ›
Strategy
Amazon’s Second Headquarter Has US Cities Do Virtually Everything To Woo The Company
The race for the hunt of America’s next top Amazon headquarters had seen a list of 238 cities getting reduced to 20. But those who did this scale down, say that the process was “very tough” and everyone showed “tremendous… Read More ›
Nobel Laureate Says Bitcoin Is Likely To ‘Totally Collapse’ Even Though It Might Remain For 100 Years
According to Nobel Prize-winning economist Robert Shiller, it is likely that bitcoin will “totally collapse.” The economists said in a television interview that the case of “tulip mania” that took place in the Netherlands centuries ago is remined to him… Read More ›
Lenovo Group to make one time payment of $400 million
The PCmaker, a unit of Legend Holdings, stated that the payment, related to its U.S. deferred tax assets, would not significantly impact its cash position nor its operations. The Lenovo Group Ltd has disclosed that it expects to make a… Read More ›
Indian FMCG Company Patanjali Could Receive $500 Million Investment From French Firm Louis Vuitton
An investment of about 500 million USD (Rs 3,250 crore) is reportedly being contemplated to be made by French luxury group LVMH Moet Hennessy – Louis Vuitton, in the Indian company Patanjali Ayurveda. “Acharya Balkrishna has said that just as… Read More ›
Profits Warning Issued By Only Listed Funeral U.K. Company, Dignity, Due To Rice War
There is an intensifying price war in the funeral services and this has driven Dignity, the UK’s only publicly listed funeral services company, to announce that its profits for 2018 would decline. This announcement resulted in a the wiping off… Read More ›
Amidst Prices Rally In Oil Market, ‘Explosive’ Growth Anticipated In U.S. Oil Production By IEA
The fear of OPEC that gains made by its production cuts could be neutralized by another surge of shale oil could be coming true. The International Energy Agency said on Friday that there would be “explosive” growth in the U.S…. Read More ›
All HNA acquisitions in the U.S. put on hold until ownership structure is clear
Failure to get CFIUS approval will put all of HNA investments in the U.S. in limbo. As per a source familiar with the matter at hand, the U.S. government is unlikely to approve any investment by China’s HNA Group until… Read More ›
Berkshire appoints Ajit Jain as as its vice chairman
Ajit Jain, 66 along with Gregory Abel, 55 are the top contenders to replace Buffet, 87. As per a regulatory filing, Ajit Jain, who has recently been appointed as vice chairman of Berkshire Hathaway Inc, has reported his ownership of… Read More ›
John McCormick becomes president and CEO of Blackstone
J. Tomilson Hill, billionaire art collector, the firm’s esrtwhile Chief executive, has passed the baton to John McCormick; Hill will remain as its chairman. Having being at the helm of the world’s biggest hedge fund, with around $74 billion in… Read More ›