The IPO could see Gates being valued at more than $7 billion, including debt. Sources familiar with the matter at hand have disclosed, Blackstone Group LP is exploring an IPO for Gates Global LLC. The development comes three years after… Read More ›
Strategy
Eyeing Afghanistan’s dormant economic wealth, U.S. changes its Afgh-Pak strategy
This a significant strategic shift by the Trump Administration has potentially serious geo-economic consequences for the region and has the potential to bring about a turnaround in Afghanistan’s economy. With the U.S. Administrations deciding to secure Afghanistan from rogue elements,… Read More ›
WEF Reports Says Compared to Fintech Start-Ups, Tech Giants Like Amazon And Facebook More Disruptive To Banks
According to a report by the World Economic Forum (WEF), compared to financial technology (fintech) start-ups, banks are faced with more competitive disruption from tech behemoths. The report concluded that start-ups had less of an impact than expected, contrary to… Read More ›
11 Post-Brexit Trade Deals That UK Is Preparing Might All Be For Nothing
With the aim of reducing the economic impact of leaving the European Union, the U.K. government is preparing 11 trade deals. But despite the efforts, all this work might not be fruitful. While a member of the European Union, the… Read More ›
Lockheed Martin wins $427 million contract: Pentagon
The contract is for ancillary military equipment and pilot flight equipment for F-35 Joint Strike Fighter aircrafts.
The United States begins upgrading and replacing its ageing missile deterrence systems
The move, which is expected to cost the U.S. nearly $1 trillion over the next 30 years. Comes midst the Trump Administration’s drive to overhaul and boost the defense industry of the country. In a significant development the Pentagon has… Read More ›
Brazilian government likely to sell a portion of its stake in Eletrobras
This has the potential to open up Brazil’s power sector to private players. As per a Brazilian government source, the Brazilian government’s stake along with other state entities in Centrais Elétricas Brasileiras SA, a power holding company, could be as… Read More ›
BHP Billiton exploring options for its U.S. shale oil business, including sale
The shale oil business is no more a core asset for the company. The development is pregnant with potential. BHP Billiton’s CEO Andrew Mackenzie has disclosed that a number of parties are interested in acquiring the company’s U.S. shale business…. Read More ›
Afghanistan will have to be secured before it’s rich mineral resources can be exploited
Landlocked Afghanistan has many resources to offer, but they come at significant costs and risks. U.S. President Donald Trump is said to be eyeing Afghanistan’s mineral resources as a way to help fund reconstruction efforts in the impoverished nation and… Read More ›
BlackRock in preliminary talks with Hyundai Merchant Marine for a $880 million investment
The move is aimed at boosting Hyundai Merchant Marine’s ranking in the shipping industry. On Monday, Hyundai Merchant Marine’s spokesman disclosed that BlackRock Inc is in talks for a potential investment, the details of which are yet to be ironed… Read More ›
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