Daily Management Review
Business & Finance

Pemex acquires its premier hedging programme

Mexican state-owned oil company Pemex for the first time signed its own hedging contract worth $ 133.5 million against a decline in oil prices to $ 42-37 per barrel. The government of Mexico has been insuring itself against low oil prices since 1990. The insurance payments are always directed the...

As It Plunges Into Loss, Sweden's Ericsson Faces Painful Overhaul

After shrinking markets, tough competition and restructuring costs pushed it to a quarterly operating loss on Tuesday, mobile telecom equipment maker Ericsson faces a long and painful overhaul.   An operating loss of 12.3 billion Swedish crowns ($1.4 billion) as previously...

Virtual Reality To Enrich The Experience Of The New Recruits At Openreach

In a massive recruitment plan to expand the superfast broadband network, Openreach opens up ‘1,500’ seats for new trainees. The subsidiary of BT, Openreach is in possession of the U.K’s most “telephony and broadband infrastructure”, while it is also in the helm for their operations. In an...

Learn About The Latest Deal Amid ‘A String Of Deals’ In The ‘Medical Technology Sector’?

Bard & Becton Dickinson enter in an acquisition deal to boost their portfolios. Becton Dickinson & Co. supplies medical equipment in the U.S., whereby the firm has plans of acquiring C R Bard Inc. in a “$24 billion cash-and-stock deal”. As a result of which Bard’s added portfolio of devices...

As Trump Orders U.S. Visa Review, Indian Techies, IT Firms Fret

President Donald Trump's review of the visa programme for bringing highly skilled workers into the United States comes at a bad time for Grishma, an Indian software designer.   She was well on her way to fulfilling the ambition of many young Indian IT workers - a dream job in America, fresh...

London real estate can't find a way out of the market drop

Housing prices in London showed the biggest drop in eight years in April, as buyers avoided the capital’s central districts, Bloomberg writes. The average asking price in the city fell 1.5% to 636,777 pounds ($ 813 thousand) this month compared to the previous year, which is the largest annual...

At WTO Meeting, The Issue Of U.S. Steel Import Restrictions To Be Raised By South Korea

At World Trade Organization committee meetings next week, the trade ministry of South Korea is planning to raise the issue of U.S. restrictions on steel imports the ministry said on Friday.   The possibility of new tariffs was raised after U.S. President Donald Trump launched a...

BlackRock’s Fink Forecasts A ‘Wave’ Of Mergers & Acquisition Taking Place In Asset Management Industry

In the beginning, BlackRock has plans of dealing in small consolidations as the drive of M&A is likely to spread industry wide. The C.E.O of BlackRock Inc., Larry Fink, is in charge of the largest asset management system in the world, whereby Fink came up with a waving forecast of “mergers and...

As Earnings Loom Faith In European Banks Being Lost By Trader

Investors in European lenders are getting cold feet.   Before posting the second-biggest decline among industry groups this month, riding on a wave of optimism over the economic and earnings outlook, an index of the region’s banks rallied to a 15-month high in March. At the same time,...

Deutsche Bank fined in the US again

The Federal Reserve again fined Deutsche Bank. This time, the penalty amount reached $ 156.6 million for violating foreign exchange rules and the Volcker Rule, suggesting that the bank was unable to comply with the terms of the Dodd-Frank Act. Recall that Volcker Rule limits ability of US-based...
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