Daily Management Review
Business & Finance

Samsung in talks to buy US pharma company Biogen

South Korea's Samsung Group could make its biggest overseas acquisition in its history - buying US neurological disorder drug maker Biogen. The Korea Economic Daily (KED) was the first to report on the deal, citing sources in the country's investment banks. According to the newspaper, the Korean...

Thai Jasmine Technology holds 2021 record of growth in IT sector

According to Bloomberg, Thai Jasmine Technology Solutions' stock surged 7,000 percent in 2021, the greatest performance among technology businesses with a market capitalization of more than $2 billion. Jasmine Technology's stock more than tripled after the business revealed in July that it will...

Indonesia Removes Ban On Boeing 737 Max After 2018 Lion Air Crash

More than three years since the Lion Air accident, which resulted in the deaths of all 189 people on board, Indonesia has removed its ban on the Boeing 737 Max, which was involved in the crash.   After a catastrophic incident involving an Ethiopian Airlines 737 Max in March 2019, the...

Evergrande: Work has resumed on 92% of sites

Chinese property developer Evergrande, which is teetering on the brink of default, has announced that work has resumed on 92 per cent of its properties. Billionaire Hui Ka Yan, who founded the company, has promised that buyers will receive the keys to 39,000 flats this month. Evergrande has resumed...

Premium champagne rises by 34% in a year amid investor interest

Vintage champagne wines, such as Dom Perignon and Krug, have risen by almost 34% over the year on the back of investor interest. Premium wines have even outpaced some stock markets in terms of price growth. Premium champagne wines, such as Dom Perignon 2008 and Krug 2000, have risen markedly in...

NatWest Accepts Guilt To Fraud Charges In US And Pay $35 Mln In Fines

On Tuesday, a unit of NatWest Group agreed to pay $35 million and pleaded guilty in connection to a long-running scheme of some traders to manipulate U.S. Treasury bond markets.   NatWest Markets, the lender's investment bank, admitted that its traders participated in schemes to manipulate...

Visa acquires fintech platform Currencycloud

Visa, one of the world's largest global payment systems, has completed the purchase of UK-based cross-border payment technology provider Currencycloud, Visa said in a statement. "Visa today announced the completion of the acquisition of Currencycloud, a global platform that enables banks and...

Plans Of Expansion Into NFTs Announced By Controversial Social Media App Parler

The popularity of non-fungible tokens (NFT) is steadily growing around the world.    The latest company to join the bandwagon is the social media platform Parler which has recently announced its decision to venture into NFTs marking the rapid pace of this digital asset into many...

Nike's net profit for the first half of FY2021-2022 up by 16%

US sportswear maker Nike posted a 16% year-on-year increase in net profit to $3.211 billion for the first half of its 2021-2022 financial year ended November 30, the company said in its financial statements. Diluted earnings per share rose to $1.98 in the reporting period from $1.73 a year earlier....

TikTok to deliver ready-to-eat meals in the US

TikTok is set to enter a new market: the delivery of ready-to-eat meals in the US. The company has found a partner to create a network of 'dark kitchens' that will cook 'tiktok pasta', 'pasta chips' and other dishes popular on the social network. Video platform TikTok has agreed on a partnership...
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