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Oman Investment Authority Plans Two Major IPOs This Year

Oman Investment Authority (OIA), Oman's state-owned Sovereign Wealth Fund (SWF), is planning to list two subsidiaries of its petroleum company OQ.

China Faces Period of Uncertainty Amid Economic Slowdown

The COVID-19 pandemic has had a devastating impact on China's economy. In addition to the economic slowdown, China is also facing immense...

Hedge Fund Manager Elliott Sues London Metal Exchange for $456 Million

Activist hedge-fund manager Elliott Management has sued London Metal Exchange (LME) for $456 million over cancelled nickel trades. Earlier this year, the...

Warren Buffet Ends Association with Wells Fargo

Wells Fargo was one of the top investments of Warren Buffett-owned Berkshire Hathaway but not any more now. Many...

SoftBank Cuts Top Executives Wages After its Vision Fund Incur Loss

Japanese conglomerate, SoftBank Group, cut the wages of its top executives after its Vision Fund recorded a historic loss. It was a...

Victoria’s Secret Pays to Sacked Thai Workers $8.3M in Settlement

Lingerie brand, Victoria's Secret, paid a landmark $8.3 million to more than 1,000 sacked Thai garment workers. The payment was in relation...

The CAMPARI Method for Credit Risk Analysis by Banks

Banks and enterprises use the CAMPARI method to analyze credit risk and verify the creditworthiness and solvency of customers. The term CAMPARI...

Twitter To Pay $150 Million Penalty For Invading User Privacy

Twitter will pay a $150 million fine after federal law enforcement officials accused it of invading its users' privacy. As per the...

Wells Fargo Advisors Fined $7M for Anti-Money Laundering Lapses

The U.S. Securities and Exchange Commission (SEC) announced that Wells Fargo Advisors agreed to pay $7 million to settle charges of anti-money...

Gucci to Accept Cryptocurrencies in Select US Stores

Italian luxury brand, Gucci, will start accepting payments in the form of cryptocurrencies in few American stores. The customers will be able...

Recent Articles

Roe vs Wade Reversal May Impact Telemedicine in US

Roe v. Wade was reversed last week by the U.S. Supreme Court and it was a 5-4 decision. In response, people, both...
Central Bank

Central Bank Chiefs Want Action to Bring Price Growth Back to Moderate Levels

The central bank Chiefs around the world have warned that the era of low interest rates and moderate inflation has come to...
Zomato

Zomato Lost Nearly $1 Billion in Value After Blinkit Deal

Shares of the online delivery firm Zomato went down by more than 7.5% hitting $0.74 (₹58.20) per share on Bombay Stock Exchange...

Blockbuster Deal For Pharma Major Boots Comes A Cropper

The Walgreens Boots Alliance (WBA) announced it has abandoned plans to sell UK Pharma major Boots. It further announced Boots and No7...

London Rail Strike Loss Estimated to be $36.85M Per Day

London witnessed massive disruption across its the rail networks as over 40,000 workers struck work for three days last week.The protests started...

Most Popular

New York Fed

N.Y. Fed: Consumers’ Expectations Improve Slightly but Remain Weak

In August, 2020, the Federal Reserve Bank of New York's Center for Microeconomic Data released its Survey of Consumer Expectations. The results...

The Rise (And Fall) of Equity Crowdfunding

When it comes to business ventures, crowdfunding platforms - like Kickstarter, Indiegogo, and GoFundMe - are often met with harsh distrust. And,...
Broadcom

Chip Maker Broadcom to Acquire Cloud Company VMware

Chipmaker Broadcom is planning to acquire cloud company VMware which, could become one of the largest tech acquisitions in the history. Broadcom...

Russian Banks’ Future Within European Markets

Central Russian banks decided to end their operations in Europe due to imposed sanctions last week. PJSC Sberbank recent...

Controversial Response To Philip Morris, New Owner of Inhaler Company

The giant Philip Morris International (PMI) seeks to buy 74.77% of the Inhaler Company. This deal is part of PMI's strategy to...