The bulk of the fall in industrial output in the Eurozone can be attributed to weak investment appetite for capital goods, durable consumer goods, and non-durable consumer goods. On Monday, in what amounts to a confirmation of the series of… Read More ›
Chinese Premier Li Keqiang has stated China will reduce the reserve requirement ratios (RRRs) for banks, and slash taxes and fees. Facing a multi-pronged trade action by the United States and the European Union, China, the world’s second largest economy… Read More ›
Following the takeover Takada will join the ranks of the world’s top 10 drugmakers and will gain expertise in rare diseases, at the cost of a mountain-load of debt. On Wednesday, shareholders of Takeda Pharmaceutical approved the $59 billion takeover… Read More ›
Vodafone’s first quarter results were broadly in line with market sentiments. On Tuesday, Nick Read, Vodafone’s new chief executive stated, he aims to slash the company’s operating costs by 1.2 billion euros by 2021; he also plans on reviewing Vodafone’s… Read More ›
Although Apple will now provide investors and analysts cost-of-sales data for its product businesses and its services business, they will not be in a position to know the margin mix within Apple’s services businesses. With Apple Inc saying it will… Read More ›
On the wings of strong sales from its businesses which makes a host of products ranging from supply chain and warehouse automation equipment to aircraft engines and catalysts for petroleum refining, Honeywell International Inc reported a better-than-expected second quarter profits… Read More ›
Jill Soltau, who will join the company in mid-October, will have the task of turning it around. In August 2018, J. C. Penney reported a higher than expected second quarter loss and revised its full-year forecast. J. C. Penney Co… Read More ›
The strategic development places the Ian Read as its chairman and opens up the CEO post which could be filled at a later date. Under Read’s steady stewardship, Pfizer Inc’s stock has gone up by 160% since December 2010. Pfizer… Read More ›
The highly unusual lawsuit is potentially aimed at gaining leverage so as to force Tesla Inc’s CEO Elon Musk to settle. According to Teresa Goody, CEO of law firm Goody Counsel, who is also a former SEC attorney, most such… Read More ›
The move by the People’s Bank of China (PBOC) is largely aimed at supporting the currency rather than reverse its trajectory. Market watchers expect the central bank to stick to this policy as long as the trade war with the… Read More ›
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