Daily Management Review
Business & Finance

China’s Railway Market on Boom

China planned to invest $128 billion in railway construction to push its overseas market share. In an attempt to upsurge railway company’s market share in the global market, China is planning to invest more than 800 billion Yuan ($128 billion) in domestic railway construction for the year 2015....

Holcim and Lafarge Merger Deal of €41billion – Back on Path

Holcim raised objections over the original plan of merger and renegotiated its terms. The European Cement sector is to witness one of the biggest merger deal worth €41billion between its leading companies of cement, Holcim and Lafarge by settling the differences over financial as well as leadership...

BNY Mellon to pay $714 million to settle Forex trade suit

The Bank of New York Mellon has agreed to pay $714 million to resolve federal and state allegations that it defrauded pension funds and other clients. The company, while agreeing to the compensation, admitted that it misled clients by telling them that they would provide the best rates available...

Dollar Tumbled on Federal Reserve Announcement

An unexpected forecast for growth as well as interest rates sent dollar on a tumble. Despite downgraded economic outlook, the Federal Reserve’s indication about keeping the benchmark rate lower, has pulled down dollar by 3% against euro. Hence the currency recorded its largest one day drop in 6...

Crashing Oil Prices to Hit US Inventories in 2015 End – OPEC

The cartel members are left with no choices but to maintain its oil production levels to retain its global market share. The oil prices declined by about 60% since June 2014 and rolled down again on 19 March 2015 after a highly volatile week. The slide was led by more than expected US crude...

Target to pay $10 million for data breach victims

US-based department store chain Target has agreed to pay $10 million in a settlement addressing a class-action lawsuit filed on the company related to a data breach in 2013.   The company’s proposal now stands with the Federal Court for approval and if it goes through, individual victims of...

North Face announces the opening of its Explore Fund Grants 2015

Through its Explore Fund, The North Face wants to be the catalyst for the next gen outdoor athletes. Founded in 1966, The North Face, a division of VF Outdoor Inc, has a clear set of ideals as it goals. It endeavours to prepare rigorously young men and women as outdoor athletes. The North Face...

Total Sells 20% of One of the Most Promising Gas Fields in the North Sea

The French company Total auctioned share one of the most promising natural gas fields in the region of the UK, according to FT. The oil giant wants to sell 20% of the fiels Lagan-Tormor, which is 125 kilometers to the west of the Shetland Islands. The deposit is considered to be one of the best...

Valeant Pharma to takeover Salix

Canada-based publicly-traded pharma company Valeant Pharmaceuticals is looking to acquire US-based Salix pharmaceuticals beating out its competitor Endo Pharmaceuticals with a $173 a share cash offer. The revised offer by Valeant will boost the initial bid of $158 per share by around 10 percent...

US court dismisses suit against Blackberry

Canada-based smartphone maker BlackBerry Ltd has won the dismissal of a US lawsuit which accused the company of fraudulently inflating its stock price. The lawsuit alleged that Blackberry created misleading data about the prospects of its BlackBerry 10 smartphone line. But the US district judge...
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