Luxury brands retreat Hong Kong as mainland China shines
A number of luxury brands are more likely to make an outflux from the Chinese control island city of Hong Kong following a multi-month long violent protests
Business | Page 3 Of 92
Dubai’s property tycoon buys Italy’s Cavalli in rescue attempt
On Thursday, Hussain Sajwani, the Chairman of Dubai’s Damac Properties, a flourishing real estate developer listed in Dubai Financial Market, had purchased the Florence-based Italian fashion house, Roberto Cavalli
Panasonic to sell its chip unit to Taiwan’s Nuvoton for $250 million
On Thursday, Japan's Panasonic Corp. had issued a statement saying that the electronics company’s management board had agreed to a sell-off of its money-draining semiconductor unit
EU lawmakers clear US beef imports as transatlantic tension eases
On Thursday, the 28th of November 2019, the EU lawmakers had reached a decision to approve an increase of US beef imports in to the European Union
Amazon.com Inc. must check for trade mark violation, says EU court adviser
On Thursday, fanning the flames of Amazon-linked anti-trust issues in the European Union further, an adviser to Brussel’s top court said that the US-based online retail giant should make sure the products were legal
Axel Springer unit, others saying Google still playing unfair, want EU to act
On Thursday, Axel Springer SE headquartered in Berlin, alongside forty of its European peers had sued Alphabet Inc.’s search engine behemoth, Google LLC. over charges of alleged adulteration of a level-playing field in its favour
India mulls commission cap for Uber, home-grown Ola; industry unsettled
Indian Govt. had been contemplating an option to impose cap on commissions what app-based taxi-sharing giants such as Uber alongside home-grown Ola were slashing from the drivers on each ride
Morgan Stanley suspends traders concealing multimillion dollars in losses
Morgan Staley had suspended accounts or placed on forced leaves at least four of its traders over accusations of alleged misleading of securities’ market
After $13 billion levy ruling, India’s telecom sector pivots on government aid
On Thursday, the 28th of November 2019, the Indian Government of PM Narendra Modi of ruling Bhartiya Janata Party, had won a hard-earned dispute over telecom fees, seizing a monumental victory
Abu Dhabi Government fund mulls at least $1bn in investment in Aramco IPO
The Abu Dhabi Investment Authority (ADIA), had been exploring an option to invest as little as $1 billion in the Initial Public Offering of Saudi oil giant Aramco
IKEA to invest €200 million in race to turn ‘climate positive’
IKEA, the European multinational furniture retailing group, said on Wednesday that it had been sketching out a plan to spend an upsum of around €100 million ($110 million) to fund its direct suppliers
Manchester City values at $4.8 billion after $500 million asset sales
On Wednesday, Abu Dhabi-based owners of the English Football Club, Manchester City, had scored a price tag worth of $4.8 billion (£3.7 billion) following a €500 million asset sales to a US-based Private equity firm, Silver Lake
VW’s Audi to slash one-tenth of jobs to fund a shift to electric vehicles
On Tuesday, the 26th of November 2019, Wolfsburg-based German carmaker Volkswagen AG’s luxury car unit Audi had issued a statement saying that the VW unit would be slashing one-tenth of its entire workforce by 2025
Britvic annual profit nosedives 31 per cent as France weakness weighs on
On Wednesday, the 27th of November 2019, Britvic Plc., the Hertfordshire-based British producer of soft drinks, had reported a slump of 31 per cent in its annual profit after tax
Hyundai Motor to invest $1.55 billion in first Indonesia car plant
On Tuesday, the 26th of November 2019, the South Korea-based automotive industry mogul, Hyundai Motor told that it had already sealed an initial accord with the Indonesia to build a new factory
Alibaba’s Hang Seng shares surge 6.6% in debut, as volumes overwhelm
On Tuesday, Chinese e-commerce giant, Alibaba Group’s Hong Kong-listed shares soared as much as 6.6 per cent in their first trading day following a secondary listing worth of $11.3 billion
Dollar Tree Inc. shares shed 17% after forecast miss; China tariff bites
Dollar Tree Inc., had forecasted a holiday quarter profit late on Tuesday, the 26th of November, that missed Wall Street estimates by a wider margin
Best Buy bolsters holiday shopping demand with upbeat forecast
On Tuesday, the 26th of November 2019, the Best Buy Co. Inc., had signalled a better-than-anticipated holiday quarter sales profit
Singapore inclines “fake news” law on Facebook posts for first time
On Monday, a Singapore political figure Brad Bowyer had corrected a Facebook post targeting independence of state investment firms followed by a Government request, which happened to be the first usage of the country’s recently approved “fake news” l
India’s payment processor Paytm raises $1 billion in fresh funding
On Monday, the 25th of November 2019, Noida, Delhi-based Indian digital payment system and fintech company, Paytm, had issued a statement saying that the SoftBank-backed digital payment processor had raised a hefty upsum in fresh funding
France’s 5G bandwidth to be sold at floor price €2.17 billion,says Minister
Late on Sunday, the 24th of November 2019, a Junior Economy Minister of France, Agnes Pannier-Runacher, said that France’s 5G bandwidth would be sold at a floor price of €2.17 billion
Xerox Corp. to take HP takeover bid hostile
Upping the antes over a garrulous takeover bid for HP Inc., Xerox Corp. said on Tuesday that had been working out a plan to send its $33.5 billion cash-and-stock buyout bid for HP Inc. directly to its shareholders
Amazon opens pop-up store in China’s Pinduoduo ahead of holiday sales
On Monday, the 25th of November 2019, Amazon.com Inc. had issued a statement saying that the online retailing industry giant would soon set out a pop-up store in a Chinese e-commerce platform Pinduoduo which would be lasting until year-end
HP reiterates rejection of Xerox’s $33.5bn bid, says deal undervalues HP
Late on Sunday, the Palo Alto, CA-based multinational manufacturer of personal computer, printer and related accessories, Hewlett Packard Inc., had reiterated its rejection for a $33.5 billion cash-and-stock takeover bid from Xerox Corp.
SoftBank to launch WeWork stock tender offer this week
Japanese Investment Conglomerate, SoftBank Corp., is expected to set out a previously slated tender offer for $3 billion worth of WeWork shares this week including a sum of $970 million owned by the WeWork co-founder Adam Neumann
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