In a first, BlackRock’s mutual fund subsidiary in China established a fund after raising $1.03 billion (6.68 billion yuan) in a shortened subscription period. With this development BlackRock has become the first foreign asset manager to operate a wholly-owned business in… Read More ›
Britain lifted a four month COVID-19 lockdown on Monday giving 65 million people a measure of freedom that was earlier curtailed by the Coronavirus-induced COVID-19 pandemic which began in Wuhan, China in late 2020. The British will now be able… Read More ›
On Saturday, driven by a steady adoption of electric vehicles, Tesla Inc reported a better-than-expected 2020 vehicle deliveries and narrowly missed its CEO’s ambitious full-year delivery goal. The results come at a time when the global auto industry, like most… Read More ›
The British parliament’s decision on April 12 will be is a milestone that Brexit watchers will be looking at very keenly. According to Roberto Azevedo, Director-General of the World Trade Organisation (WTO), if the United Kingdom were to leave the… Read More ›
Investors concerns were largely driven by the potential involvement of U.S. authorities which led to the nose diving of Danske’s shares. On Wednesday, Thomas Borgen, Danske Bank’s CEO quit following a money laundering scandal which involved $234 billion (200 billion… Read More ›
The bulk of the $4.9 billion settlement amount has already been provisioned for; as for the balance amount of $1.44 billion, RBS has agreed to take an incremental charge in 2018’s second quarter. The Royal Bank of Scotland Group Plc… Read More ›
The Republican-led overhaul of the U.S. tax code, a milestone in U.S. history, has direct and indirect benefits but the sectors that are likely to gain the most are highlighted below with notes from analysts. With the Republican-led U.S. House… Read More ›
To tap the booming U.S. crude oil export potential, many port operators are expanding facilities. With U.S. President Donald Trump making sustained efforts at boosting export levels of the country, tankers carrying record levels of crude oil are leaving ports… Read More ›
If you are wondering why Apple’s share has been the darling of investors, including Warren Buffet, this is an eye opener and makes a fascinating read. On the day Apple launched its newest flagship, the value of its stock price… Read More ›
The $27 billion program will help the Marine Corps for its field logistics. Lockheed Martin Corp has received approval from the Pentagon to begin the production of 200 new heavy cargo helicopters for the U.S. Marines, said the U.S. Department… Read More ›
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