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LVMH Gets Deeper In Luxury Hotel Segment With $3.2 Billion Acquisition Of Belmond

Strong Foreign And Domestic Demand For SoftBank Telco IPO

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Cdiscount, the European Step Up Of The French Amazon’s Rival 11/29/2018

Global Crude Prices Reach Lowest Since December 2017 As Slump Continues 11/23/2018

Daimler Will Begin Manufacture Of Electric Cars In China From 2019 11/28/2018

Trump Threatens General Motors Of Stopping Federal Subsidies 11/29/2018

German Car Bosses Summoned Tp Washington, WTO Warns Of Global Trade Crisis 12/04/2018

Latest Business News
LVMH Gets Deeper In Luxury Hotel Segment With $3.2 Billion Acquisition Of Belmond

LVMH Gets Deeper In Luxury Hotel Segment With $3.2 Billion Acquisition Of Belmond

M&A

Luxury goods maker LVMH is boosting its presence in luxury hotel business with the acquisition of Belmond, the owner of hotels such as Venice’s landmark Cipriani, in a deal that is worth $3.2 billion including debt.   The aim of the deal is to increase its presence in upmarket hospitality segment, said LVMH while announcing the takeover decision.  .   LVMH is the owners of the...
Strong Foreign And Domestic Demand For SoftBank Telco IPO

Strong Foreign And Domestic Demand For SoftBank Telco IPO

Companies

According to media reports quoting a couple of sources from a lead IPO underwriter, the strong demand for Japan's third-largest telcom company of SoftBank has been demonstrated because the demand from domestic Japanese investors for shares in its initial public offering is nearly double of the number of shares that re being offered by SoftBank Group Corp's soon-to-list wireless unit.  ...
SoftBank To Sell Extra Shares Taking Its IPO Value To A Record $23.5 Billion

SoftBank To Sell Extra Shares Taking Its IPO Value To A Record $23.5 Billion

Companies

SpftBank is set to raise Japan's biggest-ever IPO at 2.65 trillion yen (US$23.5 billion) which would make the company a monolithic global tech investor from being considered to be a domestic telecom company of Japan.   1500 yen is the price of a stock that has been fixed by the telcom unit of SoftBank Corp.   It is anticipated that the total amount that would be raised by SoftBank...
Chinese Court Bans Sale Of Some iPhone Models On Qualcomm’s Complaint

Chinese Court Bans Sale Of Some iPhone Models On Qualcomm’s Complaint

Companies

A court in China found that many of the older Apple Inc iPhone models that are being sold in the Chinese market violated two patents of chipmaker Qualcomm Inc and as such the court imposed a ban on the sale of such iPhone models even though Apple Inc has said that it continues to sell all of its iPhone models in mainland China.   This verdict was a part of the case that was initiated by...
Uber Files Confidentiality Papers For IPO: Reports

Uber Files Confidentiality Papers For IPO: Reports

Companies

According to media reports, the much awaited initial public offering (IPO) of Uber Technologies Inc is set to launch anytime soon as the company has reportedly filed paperwork for the purpose. This IPO has gain investors’ attention because of the controversial and fast growing nature of Uber.    The confidential paper work was filed by the ride-hailing company in lock-step along with...
Huawei CFO Accused Of Cover Up Of Iran Sanctions Violation By The US

Huawei CFO Accused Of Cover Up Of Iran Sanctions Violation By The US

Companies

According to a Canadian prosecutor quoted in news reports, the arrested chief financial officer of Huawei Technologies Co Ltd was behind creating a cover up of the links of the Chinese tech giant with a company that had attempted to sell its equipment top Iran amidst the US embargo. This was said by the prosecutor while opposing the bail of the Huawei executive as she is now expected to be...
China Angered Over Arrest Of Huawei Executive In Canada

China Angered Over Arrest Of Huawei Executive In Canada

Companies

There was a furious reaction by China to the arrest of a top executive and daughter of the founder of Chinese telecom giant Huawei in Canada after an extradition request was placed by the United States. This development has threatened to destabilize the temporary truce between the US and China was achieved last week between US president Donald Trump and Chinese president Xi Jinping.   It...
HSBC Downgrades Apple Stocks Resulting Drop In Share Price

HSBC Downgrades Apple Stocks Resulting Drop In Share Price

Companies

While Apple Inc. has been facing trouble with reduced demand for its latest launched iPhone models and with a number of its key suppliers and assemblers issuing profit warnings for the current year, the company’s shares were downgraded by lender HSBC.   Its analyst Erwan Rambourg downgraded the stock to hold from buy and said in a note the Apple shares were "too late to sell, too early to...
PayPal Allays Price Rise And Competition Concerns Of CMA From Its Izettle Deal

PayPal Allays Price Rise And Competition Concerns Of CMA From Its Izettle Deal

Companies

Concerns of consumers and investors about the increase of the costs and price for PayPal’s payment services and the concerns by anti-trust bodies about reduced competition because of the acquisition of European technology start-up iZettle in a deal worth $2.2 billion were completely dismissed by the payments transfer company.   The acquisition of the European technology start-up iZettle...
Almost $16 Billion To Be Invested By Audi In Next Gen Cars

Almost $16 Billion To Be Invested By Audi In Next Gen Cars

Companies

While it can be a very desirable concept to see conventional engine powered cars being replaced by the next generation electric vehicles, it5 also costs a lot of money. And this has been proved to the correct once again – this time by Audi which it has agreed to spend on development of the next generation cars.   On Tuesday, the German luxury car maker announced its intention of expending...
German Car Bosses Summoned Tp Washington, WTO Warns Of Global Trade Crisis

German Car Bosses Summoned Tp Washington, WTO Warns Of Global Trade Crisis

Companies

Even as top executives of German car companies gathered in the United States capital Washington in the hope of avoiding potential import tariffs on luxury cars by the Donald Trump administration, the World Trade Organization (WTO) warned on Tuesday of he crisis that is being faced by the global system of international trade.   The top officials of German car makers Daimler, BMW and...
Deutsche Bank German HQ Raided In Connection To Money Laundering Case

Deutsche Bank German HQ Raided In Connection To Money Laundering Case

Companies

In what is another blow to the image and reputation of the German lender Deutsche Bank, following a string of scandals and fines that already had waned its image among investors, the lender’s headquarters in Frankfurt was raided by the German police as a part of the investigations into the alleged role of the bank in aiding criminals in money laundering via a host of offshore tax havens.  ...

World

Study Blames Global Warming For Vanishing Snow In Switzerland

Study Blames Global Warming For Vanishing Snow In Switzerland
According to a report from the University of Geneva which was based on a study that made use of a new tool called the Swiss Data Cube that global warming could probably be the reason for the...

Brexit Anticipation Forces Away Medicine Assessment Contracts From UK

Brexit Anticipation Forces Away Medicine Assessment Contracts From UK
According to reports, there has been a collapse of the leadership role of the United Kingdom in evaluating new medicines that for sale in the rest of Europe as now more new work is coming its way....

Private Property And Foreign Investment To Be Made Legal In Communist Cuba

Private Property And Foreign Investment To Be Made Legal In Communist Cuba
Communist Cuba would now encourage and “guarantee” foreign investment and the government would recognize the right to own property by private individuals. There would also no longer be concentration...

Death Due To Worsening Air Quality Could Increase In Australian Cities: Study

Death Due To Worsening Air Quality Could Increase In Australian Cities: Study
A new research claims that there would be more intense temperature inversion events in multiple cities in Australia as conditions of in the biggest cities in the country will worsen in the next few...

New Data Shows Forest Loss Equal To One Football Field Every Second In 2017

New Data Shows Forest Loss Equal To One Football Field Every Second In 2017
New data from a global satellite survey suggests that every second in 2017, there was loss of forest of the size of more than one football pitch throughout the world. The loss for the entire year was...

People

Signature Of Former Nissan Chairman Ghosn & A Nissan Official Found In Deferred Pay Paper

Signature Of Former Nissan Chairman Ghosn & A Nissan Official Found In Deferred Pay Paper
According to a report published in the Japanese newspaper The Asahi Simbunm, the signature of former Nissan Chairman Carlos Ghosn and that of a senior official at the company’s secretary’s office can...

Ghosn Possibly Owned Luxury Homes In Multiple Cities Bought Of Nissan’s Money

Ghosn Possibly Owned Luxury Homes In Multiple Cities Bought Of Nissan’s Money
The ousted Chairman of Nissan Motors Co, Carlos Ghosn, is being investigated about whether he had directed a subsidiary of Nissan to purchase a luxury residential property for his personal use....

US Federal Judge Demands Explanation Of SEC-Musk Settlement, Musk Mocks SEC

US Federal Judge Demands Explanation Of SEC-Musk Settlement, Musk Mocks SEC
Tesla’s Elon Musk is apparently in trouble once against after having mocked the United States Securities and Exchange Commission (SEC) a few hours after he and the regulator was ordered by a federal...

Musk Will Not Be Tesla Chairman Under Settlement Agreement With SEC

Musk Will Not Be Tesla Chairman Under Settlement Agreement With SEC
In a settlement with the United States Security and Exchange Commission (SEC), Tesla chairman and founder Elon Musk and the company Tesla has agreed to pay $20 million each and the stepping down of...

Analysts Make Varied Predictions On Musk’s Future, Tesla Shares Drop

Analysts Make Varied Predictions On Musk’s Future, Tesla Shares Drop
Even as the share price of the US based electric car maker Tesla dropped significantly after the news that the US SEC has filed a case against company CEO and founder Elon Musk on charges o...

CSR