Daily Management Review
Business & Finance

Wealth of Half of the World’s Population is Owned by 62 Richest Individuals: Oxfam Report

62 of the world's richest people own the same amount of wealth as half of the world's population, claims a report of Oxfam. This statistic is being used by the charity organization to highlight the scale of global inequality.   Five years ago, this number – i.e. persons with half of wealth...

Oil Price Fall Further Over Iran Concerns as Banks Drag Down European Markets

Led by banks after the European Central Bank said it would quiz euro zone lenders about high levels of bad loans, European shares fell on Monday toeing the line of the Asia markets. On the other hand prices of crude continued to tumble on the prospect of more supply from Iran.   U.S. stock...

Shareholders to File Suit Against Volkswagen Over Emission Scandal

Demanding compensations for the plunge in the share prices due to its emissions test cheating scandal dozens of large shareholders in Volkswagen plan to sue the carmaker in a German court.   A case with a regional court in Brunswick would be lodged this week on behalf of 66 institutional...

WhatsApp Cancels the Subscription Fee

WhatsApp messenger, owned by Facebook, abandoned the annual subscription fee of $ 1. The company attributed this to the fact that many users do not have credit cards, and they are afraid of losing access to WhatsApp after a year of free use. WhatsApp will no longer charge their users a subscription...

Chinese Company Haier Buys GE Appliances Business for $ 5.4 Billion

A month after abandoning a deal with Sweden's Electrolux, General Electric Co agreed to sell its century-old appliance business to China's Qingdao Haier Co Ltd for $5.4 billion in cash.   After months of opposition from U.S. antitrust regulators, the $3.3 billion-proposed deal with...

Intel’s Earnings Beat Expectations Despite Fall in Earnings

Even as the money from data center chips was up markedly, Intel reported a slightly higher quarterly earnings compared to the same period last year.   Intel reported that compared to the fourth quarter a year earlier, the company reported a net income in the fourth quarter of 2015 that fell...

Despite Revenue Shrinkage, JP Morgan Reports 10% Rise in Fourth Quarter Profits

JP Morgan Chase said  on Thursday that despite weakness in its global trading business, its revenue and profit were up modestly in the fourth quarter of 2015.   The earnings for the bank, America’s largest, was up 10 percent from the quarter a year earlier, but down from the third...

Renault's Bonds Fell by 20% After Searches and Seizures

Bonds of the French automotive group Renault slipped by 22% in the course of trading on the Paris stock exchange, which was the largest collapse of the company’s securities since 1999. Producer associated the collapse with a message about the visit of experts of the Anti-Fraud Department of the...

Iran Supply Apprehensions and Weak Demand Forces Oil to Fall Below 12 Year Lows

With few signs of improving demand in a fragile global economy and on apprehensions of Iran unleashing its oil on an oversupplied market, oil prices steadied on Thursday, but remained near 12-year lows.   By mid day trading in the US, Brent crude, the global benchmark, traded at $30.53 a...

Latest Tech in Low-Priced Models, the New Trend in Carmaking

Up till now the car market has operated on the principle that bigger is better. However the rapidly evolving technology is upending the traditional pecking order in the luxury car market.   At present a host of car makers are quietly changing the rules.   There will be better computer...
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