Recent Posts - page 457

• Hong Kong’s special status under U.S. law being withdrawn: U.S. Commerce Department

  By admin1 on June 30, 2020 • ( 0 )

  

  With China imposing its draconian security law in Hong Kong in violation of a prior agreement, on Monday the Trump Administration began taking steps to eliminate Hong Kong’s special status under U.S. law; it is also halting defense exports and… Read More ›

• Rory Macleod, CEO of Australia’s Freedom Foods Group, resigns

  By admin1 on June 30, 2020 • ( 0 )

  

  On Tuesday, Australia’s Freedom Foods Group stated, its Chief Executive Rory Macleod had resigned. The development comes in the wake of the snacks and cereal maker tapping advisers to probe the company’s financial health. Last week, Freedom Foods, the maker… Read More ›

• BP To Sell Its Petrochem Business For $5 Bln As It Transition To Low Carbon Energy

  By admin2 on June 29, 2020 • ( 0 )

  

  The global petrochemicals business of British Petroleum (BP) will be sold to billionaire Jim Ratcliffe’s Ineos for $5 billion, the company said. With this deal the energy major will be completely exiting a sector that is widely viewed to be… Read More ›

• EU To Examine Role Of Germany’s Financial Watchdog Over Wirecard Collapse

  By admin2 on June 29, 2020 • ( 0 )

  

  The role of the German regulators in the accounting scandal and the ultimate collapse of the country’s fintech giant Wirecard will be looked into by European Union officials. Specifically, the extent to which the regulators were aware of the development… Read More ›

• Administrators Called In By UK Shopping Centre Giant Intu

  By admin2 on June 29, 2020 • ( 0 )

  

  Administrators have been called in by Intu, the owner of some of the biggest shopping centres of the United Kingdom. No agreement had been reached in its negotiations about financial restructuring with its lenders, the company said previously. the company… Read More ›

• Coty inc buys 20% stake in Kim Kardashian West’s KKW makeup brand

  By admin1 on June 29, 2020 • ( 0 )

  

  On Monday, cosmetic seller Coty Inc stated, it has agreed to purchase a 20% stake in reality TV star Kim Kardashian West’s makeup brand KKW for $200 million. With the news reaching the market, its shares went shooting up by… Read More ›

• Gilead Sciences prices COVID-19 fighting drug remdesivir at $390 a vial

  By admin1 on June 29, 2020 • ( 0 )

  

  On Monday, Gilead Sciences Inc stated, it has its COVID-19 fighting drug remdesivir at $390 per vial for the United States and for governments of other developed countries. As a result, a patient will have to shell out $2,340 for… Read More ›

• Nissan CEO Makoto Uchida sticks to performance-linked policy promise

  By admin1 on June 29, 2020 • ( 0 )

  

  On Monday, Nissan Motor Co’s CEO Makoto Uchida told shareholders, he will stick to his pledge to step down from the helm of the company if he fails to deliver on his turnaround plan. “At the last extraordinary shareholders meeting… Read More ›

• SoftBank undertakes corporate bonds repurchase program worth $1.9 billion to trim debt

  By admin1 on June 29, 2020 • ( 0 )

  

  On Monday SoftBank Group Corp stated, it will repurchase up to $1.9 billion (200 billion yen) of its domestic unsecured corporate bonds, from June 30 to July 17, as part of a plan to pare down its debt. SoftBank’s CEO… Read More ›

• Profits drop by 50% at China’s state-owned firms during Jan to May period: Finance Ministry

  By admin1 on June 29, 2020 • ( 0 )

  

  On Monday, in a statement China’s Finance Ministry said, profits of its state-owned firms fell by 52.7% year on year for the period of January 2020 to May 2020, to $93.67 billion (663.1 billion yuan). ($1 = 7.0794 yuan)

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