Recent Posts - page 563
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Elanco Animal Health acquires Bayer’s veterinary drugs business for $7.6 billion
The cash and stock deal will see Elanco becoming the world’s second biggest animal health company and expand its footprint in the pet e-commerce space. On Tuesday, Elanco Animal Health stated it would acquire Bayer’s veterinary drugs business in what… Read More ›
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French retailer Casino to sell off non-core assets worth $2 billion to reduce debt
This planned sales come on top existing plans to sell non-core assets worth 2.5 billion euros by the first quarter of 2020. On Tuesday, French supermarket retailer Casino stated, it plans on cutting its debt while improving its financial performance… Read More ›
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Britain’s NHS off Limits to any future trade deal with the U.S.
Provisions and pricing of drugs are an issue that has to be tablet especially since there could potentially be a shortfall in case of a cliffhanger Brexit. According to a report from the Sun newspaper, British Prime Minister Boris Johnson… Read More ›
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U.S.-UK trade deal in the offing
Boris Johnson’s no-deal Brexit stance is pretty obvious to observers. His confidence that the British economy will survive a cliffhanger Brexit probably stems from his hope of clinching a free trade deal with the U.S. British Prime Minister Boris Johnson… Read More ›
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Boris Johnson takes aim at Irish backstop in opening salvo
Despite Boris Johnson’s own admission that “Time is very short”, he wants to renegotiate the Brexit deal by October 31. On Tuesday, British Prime Minister Boris Johnson fired his opening salvo at the European Union, as negotiators from both sides… Read More ›
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China spent $85.20 billion in shantytown redevelopment projects for Jan-July period
China is boosting its spending levels in order to fight a growing slowdown in its economy, which has sunk to its 27-year low. On Monday, in a statement, China’s housing ministry stated, it has sunk in $85.20 billion (600 billion… Read More ›
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U.S. does not want to do business with Huawei on national security grounds: Trump
As a gesture of good faith, the U.S. is slated to extend a “temporary general license” for Huawei for a period of 90 days. Despite the fact that the Trump Administration has extended a grace period for U.S. business to… Read More ›
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SEC fines BMO Capital Markets and Cantor Fitzgerald & Co over ADR malpractices
SEC Chairman Jay Clayton’s efforts to clean up the securities market are paying off. In a statement, the Securities and Exchange Commission (SEC) disclosed, BMO Capital Markets and Cantor Fitzgerald & Co have agreed to pay $3.9 million and $647,000… Read More ›
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U.S. lifts 10% tariffs on select Chinese imports
The bulk of the items excluded from the 10% tariffs hike, which will go into effect from September 1, includes household furniture, internet modems, routers and baby items. In a significant development, the Trump Administration has lifted import curbs on… Read More ›
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Chinese Central Bank moves to lower lending prime rates
The move is likely to be part of an economic stimulus measure following a slowdown in the Chinese economy. The move could enflare the rising bad debt, like it has in past instances of fiscal stimulus measures. On Saturday, in… Read More ›
Featured Categories
Strategy ›
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Economy & Finance ›
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