Saudi Arabia expects that a stake of its state oil giant Saudi Aramco would be valued at more than $2 trillion. The officials of the country said this while they confirmed the plan to sell on Monday. Deputy Crown Prince Mohammed… Read More ›
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Oil Traders Sweat after Doha Failure over Saudi’s Other Warning
Oil traders are weighing another implied warning from the Saudi deputy crown prince: the threat of an intensifying clash with Iran over market share, after his comments thwarted supply negotiations in Doha. Talks between 16 producing countries on April 17… Read More ›
Hyundai Motors ties up with Cisco Systems to develop tomorrow’s autonomous vehicles
The race for the next generation automated autonomous vehicles just got hotter. As part of its vision for tomorrow automated autonomous vehicles which Hyundai Motor terms as “high-performing computers on wheels”, it said today that it will partner with Cisco… Read More ›
Bangalore becoming centric to Daimler’s tech aspirations
With the race for tomorrow’s driverless cars becoming increasingly fierce, car manufacturers are now having to invest into software technologies. New legal proposals in Germany could see more software jobs outsourced to Bangalore, India. A senior official from Daimler, the… Read More ›
IKEA’s strategic overhaul
Many opine this could result in better tax planning, while some say, the Kamprad family could benefit from it, while others think it could boost growth. What is your take on the matter? In what has been described as a… Read More ›
Iran wants increased access to global financial system
Despite the lifting of certain economic sanctions, the U.S. still has rules which forbid U.S. banks to work with Iran, which essentially acts as a barrier for Iran to benefit from the U.S. financial system. In the wake of Iran… Read More ›
CEO Dudley’s Pay Rise Voted against by BP Shareholders
Controversy over BP CEO Bob Dudley’s pay package amid falling profits and job losses at the oil major saw a barrage of complaints from its shareholders on Thursday. Its worst ever results reported in 20 years, the London-listed company reported… Read More ›
Wild Markets and Tame Gains seen by Goldman Asset $15 Billion Manager
Bouts of volatility will continue as nervous investors dump shares at even the slightest hint of bad news, says Suneil Mahindru the chief investment officer for international equities at Goldman Sachs Asset Management, who oversees about $15 billion. As low… Read More ›
Well Fargo’s ranking in the global financial system gets a boost
A financial watch dog within the U.S. Government’s Treasury Department has boosted Well Fargo’s ranking in the global financial system. As per the findings of a U.S. government research group, Wells Fargo & Co is the only large U.S. bank… Read More ›
QSR’s force McDonald to change its approach to the Asian market
This strategic change will be hugely beneficial for McDonald as it will be largely absolved of fluctuations in China’s turbulent economy but will come with assured yearly royalties. As per sources who are familiar with the matter at hand, McDonald’s… Read More ›
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