In theory, at least, the world’s cheapest smartphone will meet the world’s fastest-growing smartphone market in the next few weeks. Shipping of its Freedom 251 handsets by Ringing Bells Pvt, a little-known Indian company, is set to begin. At the… Read More ›
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JPMorgan Chase & Co likely to move thousands of job across the channel once Article 50 is invoked
As stated earlier by Pro Brexit campaigner Boris Johnson, the British government should fully disclose to its citizens the impact that Brexit will have on their nation in simple economic terms. Britain’s historic decision to leave the European Union could… Read More ›
China’s HNA Group in the lead for the purchase of CIT Group’s plane leasing business
The HNA Group’s interest in this business is due to growing Chinese appetite for air travel. According to sources familiar with the situation, a firm backed by Li Ka-shing, a tycoon from Hong Kong along with China’s HNA Group is… Read More ›
Citigroup consolidating its banking consumer business
This move is designed to cluster its EMEA consumer operations in Asia. According to an internal memo, Citigroup is in the process of merging its consumer banking unit in Europe, Middle East and Africa (EMEA), its largest region for profits,… Read More ›
Andrew Caspersen pleads guilty to $38 million for fraud
Those affected by this fraud include a foundation affiliated with Moore Capital Management, the Park Hill Group, family and friends. Andrew Caspersen the former Wall Street executive has now pleaded guilty of defrauding investors to the tune of $38 million… Read More ›
Brexit clouds Fed’s interest rate hike
One thing is for certain, Brexit will not pull the U.S. economy into a recession. Oil prices, the trend of the greenback and other economic conditions to a great extent behaved to the expectations of the U.S. Federal Reserve, which… Read More ›
Danone set to buy WhiteWave Foods for nearly $10 billion
The deal will enable Danone to target the premium segment with WhiteWave Food’s product offerings. According to a source who is familiar with the matter at hand, the world’s biggest yogurt manufacturer, Danone SA, is said to be in advanced… Read More ›
Chevron led business group set to invest $36.8 billion in Kazakhstan’s Tengiz oil field
Another giant oil project, Kazakhstan’s Kashagan is set to go operational in the 4th quarter of this year. Does this mean oil prices are set to move north? In a move aimed at boosting the local economy, Kazakhstan along with… Read More ›
Quick action required on EU trade terms – London’s financial district
The longer Britain takes to negotiate trade terms with EU, the more will be its economic loss. According to the head of London’s financial district, it would be prudent for Britain to move quickly on the outcome of its referendum,… Read More ›
Brexit strokes fears of global recession in the shipping sector
Here’s a brief analysis of the annual survey which has polled 200 respondents across the transportation industry. According to a survey from a leading transport agency, global shipping confidence has hit an all-time low due to fears of a possibility… Read More ›