Daily Management Review

DMR

Don't Miss

OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

Bayer to cut more than 200 employees in German crop protection products segment 05/13/2025

Economics

Business & Finance

Management

World & Politics

Science & Technology

Art & Art Market

Business & Finance

Fidelity International opens a bond fund in China

Fidelity International opened its first fund for wealthy investors in mainland China. This is a key event for foreign fund managers who want to expand their presence in the complex Chinese market, reports Reuters. Fidelity International’s first private fund in China, which primarily invests in the...

Nestle sells Italian frozen food business

One of the leaders in the European frozen food market, German company Frosta, is buying Nestle’s Italian business for the production of frozen food. The business includes such brands as La Valle degli Orti, Mare Fresco and Surgela. The cost of the deal has not yet been disclosed. The agreement is...

Pushing For Mid-Tier Asian Millionaires, UBS Breaks Ranks

With the aim of grabbing a bigger share of the fast-growing mid-tier millionaire segment in Asia-Pacific, UBS Group AG plans to hire about 100 wealth management client advisors over the next two years in Hong Kong, the biggest wealth hub in the region. While some global banks including...

JPMorgan is about to leave London

JPMorgan Chase & Co. plans to transfer hundreds of London bankers to expanded offices in Dublin, Frankfurt and Luxembourg. The bank prepares for a possibility that the United Kingdom might lose access to the single EU market after Brexit, Bloomberg reports. "We are going to use the three banks...

Apple Shares Fall As The IT Giant Posts Surprise Dip In iPhone Sales, But Revenues Increase

In an indication that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company's most important product later this year, Apple Inc reported a surprise fall in iPhone sales for its second quarter on Tuesday. Apple boosted its capital return...

After Customer Disasters, U.S. Lawmakers Grill Airline Executives

After a passenger was hauled down the aisle of a flight last month, legislation aimed at improving customer service was threatened to be passed by U.S. lawmakers against United Airlines and other carriers on Tuesday. Top airline executives promised to address customer service failures at...

Analysts Are Positive That Apple & Facebook Will See A Revenue Boost In Their First Quarter

Shares of Facebook and Apple “hit record highs” this week. Facebook and Apple, both own an “outsized share of U.S. technology revenue”. At a time, when investors are looking for “evidence” for justifying the current year’s “stock market rally” of the U.S., the duo could expand their revenue in the...

Commitment Of Creating 10,000 US Jobs Given By Indian Outsourcing Firm Infosys

Four new technology and innovation hubs across the U.S. that will train American workers in areas like cloud, artificial intelligence and big data is being opened up by Infosys, India's iconic outsourcing firm. Creating about 2,000 U.S. jobs by 2021 alone the first hub will launch in August 2017...

Alitalia commences bankruptcy proceedings

Management of the largest Italian airline Alitalia decided to commence the bankruptcy procedure for the company, after the airline employees refused to approve the restructuring plan. President and CEO of Etihad Airways (owns 49% of Alitalia) James Hogan expressed "deep disappointment" with the...

Intel boosts profit by 45%

Net profit of the US company Intel in the first quarter of 2017 increased by 44.9% in annual terms and reached $ 2.964 billion, or $ 0.61 per share, compared to $ 2 billion, or $ 0.42 per share, for the similar period of the last year. According to the results of the first three calendar months of...