Office sharing startup may opt for JPMorgan’s financing package over Japan’s SoftBank Group Corp’s offer which comes with more strings attached. According to a report from Bloomberg, WeWork prefers the option of a near $5 billion financing package led by… Read More ›
The appointment comes midst a string of profit warnings. WPP, the world’s biggest advertising agency, has appointed John Rogers, the CEO of retailer Sainsbury’s Argos as its new director of finance. Rogers will be taking over from outgoing Paul Richardson… Read More ›
The move is aimed at increasing the liquidity during the 2019-2020 winter low cash period. On Monday, Thomas Cook Plc stated, it was holding advanced talks with noteholders for a $180.68 million (150 million) pound cash injection into the company…. Read More ›
Jeff Bezoz had earlier stated, he would be selling stock every year to fund Blue Origin. As of last Friday, Amazon.com Inc’s Chief Executive Officer Jeff Bezos has sold $990 million worth of shares in the company and made a… Read More ›
Chiyoda is one of the world’s top builders of liquefied natural gas (LNG) plants. With increased global demand for LNG, the plant engineering firm’s fortunes potentially has a bright future. On Monday, as per a report from the Nikkei newspaper,… Read More ›
The development will alleviate short term liquidity problems for the airlines. Long term issues however will need to be dealt with. Asiana has taken on considerable debt. On Tuesday, South Korea’s finance minister Hong Nam-ki stated, South Korean creditors plan… Read More ›
Creditors for debt-laden South Korean airlines will come up with a financial support plan either by late April or early May. On Tuesday, as per a statement from the Korea Development Bank, the principle creditor of Asiana Airlines, creditors are… Read More ›
Asset managers, banks, and insurers in London are expanding their European operations or opening new offices there to avoid a disruption from Britain’s potentially chaotic departure from the European Union. On Wednesday, in a significant development, Earnest and Young (EY)… Read More ›
The British Chambers of Commerce (BCC) has warned of greater economic harm if the geo-political scenario does not quickly get a more stable footing. As per the British Chambers of Commerce (BCC), companies across industry segments are looking to cut… Read More ›
These rules once passed by the EU Council and the EU Parliament, will provide the European Commission with the means to assess firms which operate like banks and impose and subject them to a stricter regulations. This has implications for… Read More ›
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