Daily Management Review
Business & Finance

Saudi Aramco to invest $ 7 billion in a refinery in Malaysia

Saudi Arabia’s state oil company Saudi Aramco plans to invest $ 7 billion in construction of a refinery and petrochemical complex in the southern Malaysian state of Johor. This was stated by Prime Minister of Malaysia Najib Tun Razak. According to him, this decision was made on Monday after a...

Toshiba to sell its memory chips business for up to $ 9 billion

Toshiba plans to raise at least 1 trillion yen ($ 8.83 billion) from sale of its stake in the microchips business, Reuters reported, citing sources. The sale will be completed by the end of March next year, said the agency’s source. It was reported earlier that Toshiba plans include sale of more...

2 reasons to stay away from Snap's IPO

Snap’s IPO looks as exciting as a new iPhone. However, investors should be careful and look closely to assessments, the business model and structure of the company. S-1 reporting has finally been published. Now Snap can start to prepare for IPO. According to forecasts, the developer of popular app...

Pepsi Shares Fall As It Blames Global Macro Concerns For Weak Outlook

Due to weakness in the international markets, particularly in developing regions such as Asia, Middle East and North Africa, the 2017 adjusted earnings forecast was put below the estimates of analysts by PepsiCo Inc.   Noting a growth rate slower than the 3.6 percent in 2016, the company...

Climate Change Projects ‘Net-Negative’ Market Consequences: OECD Report

While, green business and clean energy trends progress to fight against climate change, there are opposing moves that pose hurdles before them. The present times seem to be both “hopeful” and yet “horrifying” for sustainable businesses, says Joel Makower.   ‘Great achievements’ in the said...

Commercial real estate investment in Europe peaked in 2016

In the fourth quarter of 2016, CBRE’s analysts noticed record high quarterly rate of investment in commercial real estate in Europe. The figure amounted to € 86.8 billion, which is 5% more than in the IV quarter of 2015. The German market, with € 19.8 billion of total transactions volume, was the...

Earnings, Nuclear Writedown Delayed As Toshiba Says It Is 'Not Ready'

Toshiba Corps’ shares were sent tumbling down sharply and the investors fret over the future of the Japanese conglomerate after the group unexpectedly delayed the release of its quarterly earnings and details of a multi-billion dollar writedown to its nuclear business.   On Tuesday, Toshiba...

Apple Pay Collective Bargaining Request Narrowed Down by Australian Banks

Australian banks will focus on gaining access to the U.S. tech company's contactless payment function, removing the fees Apple charges as a bone of contention and are seeking permission from the country's competition regulator to bargain collectively with Apple Inc over its mobile payment system,...

Here’s Why Houses Are The Priciest They’ve Been in Seven Years

A triple threat for the United States housing market this spring is being built up by still-moderate income growth, rising mortgage rates and bigger jumps in home prices.   The ingredients for a reversal are not there anytime soon as home affordability fell to the lowest level in seven years...

Sales Decline for Ivanka Trump Brand, Shows Internal Nordstrom Data: WSJ

According to internal Nordstrom data reviewed by The Wall Street Journal, with the declines deepening in the run-up to the U.S. presidential election, sales of Ivanka Trump’s fashion line tumbled 32% at Nordstrom Inc. last fiscal year.   The Nordstrom data show that...
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