While Singapore’s Temasek Holdings taking 20 percent of the offer, more than $700 million in an initial public offering is being planned to be raised by Mexican tequila maker Jose Cuervo according to an investor presentation that was revealed very recently. The business IPO presentation showed that in its delayed Feb. 8 initial public offering, priced at…
Measures are being unrolled across the continent to safeguard against fake news interfering with campaigning with a series of major European elections in the calendar for 2017. However the phenomenon, which is thought by some to have led to U.S. President Donald Trump’s electoral success, is already past its peak, according to one analyst who spoke…
As recent data suggesting success could be elusive in the near term, Apple’s ambition to make a splash in India’s growing smartphone market appears to be slipping. Analysis say that Apple now has to contend with the growing popularity of Chinese handset makers in Asia’s third largest economy apart from contending with dethroning market leader…
As the Saudi Arabian Oil Co. pushes ahead with plans for the world’s largest share sale, banks including Goldman Sachs Group Inc. and HSBC Holdings Plc are being asked to pitch for an advisory role on its initial public offering, reported the media quoting people people with knowledge of the matter. Lenders including Credit Suisse…
The first self-made female billionaire in Japan is Yoshiko Shinohara. Shinohara revolutionized her country’s workforce on her way from divorcee to business titan. Because the value of her shares of the temporary staffing agency she started, Temp Holdings, have been climbing steadily higher, according to Forbes, Shinohara just crossed the billionaire threshold. When Shinohara upset…
By acting to withdraw from an Asia-Pacific accord that had been promoted by companies including Nike Inc. and Wal-Mart Inc. as well as family farmers and ranchers, with the stroke of a pen, President Donald Trump abruptly ended the decades-old U.S. tilt toward free trade. “Great thing for the American worker, what we just did,” Trump said after…
The job of stringing together heavy, dirty pipes on oil drillship have been made easy by a robot. And this is not the only way robots are being used in the oil industry. The task of connecting hundreds of segments of drill pipe as they’re shoved through miles of ocean water and oil-bearing rock, a…
The path of leaving the European Union just got a little bit more complicated for the U.K. Prime Minister Theresa May. Control of the European Parliament, which must approve any Brexit deal, was lost by the Socialist party, already struggling in France, Italy and the Netherlands. Creating the possibility of division that could encumber May’s…
As Europe’s populist right leaders wrestled with how to deal with the new U.S. president, they predicted Donald Trump’s entry into the White House will herald the end of the old way of doing business in the west. While German Chancellor Angela Merkel was trying to reassure her supporters at a meeting in the country’s…
To cope with a “hard” exit by Britain from the European Union, Global banks have begun signaling how they will put plans into action. Depending on whether the outcome of Brexit was “hard” or “soft”, banks have considered varying degrees of upheaval to their British-based businesses until now. But bankers have already begun giving more…
