On Wednesday, in a statement EBay said, it will sell its South Korean business to Shinsegae Group and Naver, an e-commerce firm for around $3.6 billion (4 trillion won). According to Euromonitor, EBay Korea with a market share of about 12.8%… Read More ›
In a development that marks the risks of doing business in China, where Chinese rulers through courts hold absolute power, Chinese regulators have imposed a sweeping restructuring on Jack Ma’s Ant Group, in a move aimed at curbing its valuation… Read More ›
According to three sources familiar with the matter at hand, food delivery and ride hailing giant Grab is exploring a potential listing in the United States. The development comes midst robust investor appetite for IPOs. Grab aims to raise at… Read More ›
According to a report from Bloomberg News, U.S. buyout group Carlyle Group Inc is closing in on a deal to acquire Siemens AG’s mechanical drive arm Flender for around $2.37 billion (2 billion euros). A deal could potentially be announced later this… Read More ›
Profits and first quarter sales of Swiss drugmaker Novartis have met their 2020 targets following sales at its generics unit continuing through the coronavirus lockdown without disruptions its business. Novartis’ core net income rose to $3.55 billion, up from $2.8… Read More ›
According to a report from Bloomberg citing sources familiar with the matter at hand, JPMorgan Chase & Co’s asset- and wealth-management arm is raising monies for a mezzanine fund. The report states, JPMorgan Chase & Co’s asset- and wealth-management arm… Read More ›
Hyundai Card has asked banks to pitch proposals for a potential IPO and expects to receive the proposals from banks by October 22. On Tuesday, Hyundai Card, the credit card unit of Hyundai Motor Group, disclosed it is preparing for… Read More ›
The job cuts will be routed through voluntary redundancies with employees having the option to relocate to other posts in Portugal. In a statement, BNP Paribas disclosed, it would cut nearly 500 jobs in France from its securities services business…. Read More ›
Italy’s antitrust body has launched a probe into Amazon Services Europe, Amazon Europe Core, Amazon EU, Amazon Italia Services and Amazon Italia Logistica. On Tuesday, in a significant development, Italy’s antitrust authority disclosed it has begun a probe into five… Read More ›
One of the strategies adopted by Boeing to mitigate aspects from its high-profile scrutiny, is reshuffling of executives in its commercial airplanes business, as it increases its focus on responding to the snow-balling situation. With U.S. lawmakers calling on Boeing… Read More ›
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