Large oil firms, including BP and Shell are expected to benefit from changes made to the U.S tax code. On Tuesday, BP stated it expects a positive outcome from the recent changes in the U.S. tax law on its future… Read More ›
Strategy
Britain’s Brexit minister pitches for inclusion of financial services into free trade deal with the EU
Michel Barnier, EU’s Chief Brexit negotiator, had ruled out knowledge of an unfettered access to financial services in any trade deal with Britain. On Tuesday, Britain’s Brexit Minister David Davis stated that its financial services sector wants to be part… Read More ›
Crude oil posts strongest ever opening of the year since 2014
Despite receiving support for its bullish upward drive, rising U.S. oil production is likely to be a drag for oil’d 2018 outlook. On Tuesday, oil prices posted their strongest ever opening since 2014, with the anti-government uprising in Iran along… Read More ›
U.S. Congress approves 2.3% tax on U.S. medical devices
As per lobby groups from medical device makers, the re-imposition of the levy stiffles will once again stifle growth in the sector and slash jobs. Despite opposition from the medical manufacturing industry and a section of U.S. lawmakers, the U.S…. Read More ›
AT&T’s stands to gains significantly from its FirstNet project
All 50 States of the U.S. have agreed to participate in this $6.5 billion nationwide broadband network with U.S. territories, including Guam, Northern Mariana Islands, American Samoa set to confirm their respective participation by the end of March 2018. Following… Read More ›
Nippon Life Insurance – looking to diversify its revenue streams
Nippon Life Insurance’s move is in line with the insurance industry’s efforts to divert funds into foreign corporate bonds and alternative investments, however the rise of interest rates in the U.S. is likely to pose a challenge to its strategy… Read More ›
Dominic Blakemore appointed CEO of Compass
Blakemore’s appointment to the helm of the world’s largest catering firm, comes 3 months ahead than it was scheduled. Following the tragic demise of Richard Cousins, 58, CEO of Compass, a British-based company that was the world’s largest catering firm,… Read More ›
Swiss consumer protection organisation files claim on Volkswagen and AMAG over dieselgate scandal
Both Volkswagen and AMAG have said, prima facie, there was no grounds for the complaint since, industry experts had not been able to establish any significant loss of value for VW diesel vehicles on the Swiss market. In yet another… Read More ›
Siemens to crystalise the value of its healthcare business in first half of 2018
This will be Germany’s largest IPO since Deutsche Telekom’s in 1996. Ahead of Healthineers’ IPO scheduled for the first half of 2018, Siemen’s healthcare business, the German giant will test the appetite of sovereign wealth funds to secure anchor investments… Read More ›
Low Inflation In Germany A Headache For ECB As It Embarks On Reducing Its Fiscal Stimulus Program
As the European Central Bank attempts to gradually eliminate the stimulus programme, it is estimated that the bank would face some challenge next year indicated by the slow inflation rate in Germany. Germany’s Federal Statistics Office said yesterday that 1.6… Read More ›
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