The change at the top follows the shipbuilder’s announcement of its forecast of yet another operating loss for this year. On Monday, in a strategic move Samsung Heavy Industries appointed Joonou Nam as its new chief executive officer after Park… Read More ›
While the growth in the demand for imports were found to be much less and slowing down compared to what economists had expected, the November data for China’s foreign trade also shows that the exports growth made by the second… Read More ›
Finally, the European Commission has cleared the path for the second phase of Brexit talks – the trade issues, after it announced that “sufficient progress” has been made by Britain in Brexit talks which were enough for the talks to… Read More ›
Along with this barrage of canon fire, Japan’s third largest steelmaker is also facing the loss of 2 Japanese Industrial Standards (JIS) badges, which is likely to impact its ability to sell its products to customers. Class-action lawsuits have been… Read More ›
San Francisco based DoorDash, is an on-demand restaurant delivery service started by 3 students from Stanford University. SoftBank Group Corp plans on investing nearly $300 million into San Francisco-based food delivery startup DoorDash. The investment will be routed through… Read More ›
Sealing the agreement is critical for Toshiba as it has a cascading effect with its end result affecting its listing at the Tokyo stock exchange. As per sources familiar with the matter at hand, Western Digital and Toshiba Corp… Read More ›
Bitcoin added an astounding $1200 in its price in a matter of just 12 hours before shooting away to a value foo over $1500 in what is its first instance of touching that number. The incident happened on Thursday. Since… Read More ›
This year, Goldman Sachs Group Inc. was hardly visible at the Hong Kong IPO scene. Data published in the media shows that in March a $2.2 billion share sale of Guotai Junan Securities Co is the only activity that the… Read More ›
Analysts opine SCANA will face heightened regulatory scrutiny over its decision to sell its stake in the upcoming nuclear power plants in South Carolina and Georgia. According to three sources familiar with the matter at hand, hedge funds led by… Read More ›
Sources familiar with the company’s plans say, Xiaomi’s likely valuation is expected to be $100 billion, if not more. Sources familiar with the matter have stated, Xiaomi Inc has asked banks to pitch next Friday for an initial public offering… Read More ›
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