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 ›
The steady stream of wealth that is being moved out of Hong Kong to Singapore is due to China’s aggressive posturing on the former British isle. According to sources familiar with the matter at hands, many foreign wealth managers are… Read More ›
Dajia Insurance Group has a registered capital of $2.97 billion. According to a Chinese government document, Beijing has formed a new company called Dajia Insurance Group in order to take over the assets of Anbang Insurance Group. According to a… Read More ›
The potential deal could be formally announced later this week. According to a report from Bloomberg which cites sources familiar with the matter at hand, satellite TV provider Dish Network Corp is in talks to purchase the wireless assets of… Read More ›
According to Kevin Yam, a prominent Hong Kong-based lawyer, high net-worth individuals from Hong Kong are taking steps to relocate their assets to Singapore. China’s aggressive push towards Hong Kong is starting to have repercussions. According to lawyers, bankers, and… Read More ›
The move underscores Goldman Sach’s new focus on getting better returns from its asset-management division. As per a report from the Wall Street Journal citing sources familiar with the matter at hand, Goldman Sachs Group Inc its private-investing arms and… Read More ›
Coca Cola will now reclassify its financial statements from second quarter in 2019 to include CCBA as part of its continuing operations. It did not provide an explanation for the postponement of its re-franchising plans. In a development that marks… Read More ›
Although, this could be part of a retaliatory move, it is to be noted that central banks of export-oriented countries often sell their U.S. Treasury holdings in order to hedge their currencies from a sharp appreciation of the greenback. According… Read More ›
Although Lufthansa’s bid includes an option to purchase the remaining airlines of Thomas Cook, Carsten Spohr, Lufthansa’s CEO however stated, it is unlikely that this will be allowed given antitrust regulations. On Tuesday, Lufthansa’s Chief Executive Officer, Carsten Spohr stated,… Read More ›
The three blocks are located in the Malvinas basin, about 200 miles (320 kms) offshore Tierra del Fuego. U.S. oil giant Exxon Mobil Corp stated, its unit and an affiliate of Qatar Petroleum had won three exploration blocks offshore Argentina…. Read More ›
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