The pain of the US induced trade war is being felt by a number of companies. Companies is China are the object of the greatest interest in this aspect. Late last week, China issued the threat of imposing new tariffs on 5200 US products in case the US decides to impose the 25 per cent…
According to an announcement issued by the United States Justice Department, agreement for the payment of a fine of $2.09 billion has been reached with lender Wells Fargo allegedly because the firm was aware that some of the mortgage loans that it had issued had incorrect income information. According to the US government, this very…
Facebook is planning to come up with a new tool that could help tell the users the exact time that one is spending on the largest social media platform and its associated platform Instagram, even though use4rs might already have some idea of he time spent by them on these two platforms. This new tool…
A news report initially published in the Wall Street Journal has claimed that a major portion of its digital assets is being planned to be sold by General Electric Co. as a part of its restructuring program. Citing people with knowledge of the matter, the Journal report stated that for the purpose of auctioning off…
According to media reports, talks about the construction of its first ever major European factory is being ongoing between the electric car maker Tesla and authorities in Germany and the Netherlands. A report in The Wall Street Journal claimed that Tesla is planning to set up a new Gigafactory in Europe where both cars and…
Lower pricing and slack demand at the Pampers diapers and Gillette shaving products making units of Procter & Gamble Co drove its fourth quarter performance being hit amidst lower sale. The result disappointed Wal Street analysts who expected higher returns. The changing and evolving consumer habits have put large global consumer goods manufacturing companies in…
$143 billion of market value was wiped off the Chinese Internet giant Tencent after its shares plunged by 25 per cent from its January peak. That marked the largest wash away of shareholder wealth globally when measured from the date of each stock’s 52-week high. The second biggest looser with a $136 billion slump over…
Plans of initiating an initial public offering (IPO) in Hong Kong or in some of the other overseas markets where the denominated shares would be valued in U.S. dollar was recently shared with the media by the co-CEO of Bitmain Technologies which is the biggest cryptocurrency mining in the world. This IPO would be a…
Naspers – a South African media, tech and investment firm, had made an investment of $32 million in 2001 for a significant share in a Chinese tech start up and it is deriving rich benefits of that single bet. Tencent was that Chinese startup – the owner of the largest messaging app in China –…
Selling of trips to animal parks that have killer whales would be stopped by travel giant Thomas Cook. Concerns about the welfare of the animals were earlier expressed by over 90 per cent of its customers, the company said. SeaWorld, in Florida, and Loro Parque in Tenerife would be the two parks it will stop…
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