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 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 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
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,...
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...
