Debaleena Bhattacharjee

Business & Finance

Three buyout groups likely to move on to next round of Unilever’s auctions for its spreads business: sources

Although the spreads market is shrinking in Western countries, the business has fat profit margins.

Published on October 25, 2017

By Debaleena Bhattacharjee

Economics

The EU’s banking regulators should prepare for a cliff-edge Brexit scenario: BaFin

In the post-Brexit scenario regulators will need to have a tool set to correct temporary market distortions.

Published on October 24, 2017

By Debaleena Bhattacharjee

Management

Airbnb’s China Chief resigns after 4 months of taking up the job

In China, Airbnb is facing heightened attrition due to the country’s challenging business environment.

Published on October 24, 2017

By Debaleena Bhattacharjee

Business & Finance

EU’s antirtrust regulators raid offices of VW & Daimler

The raid follows Daimler’s claim of whistleblower status in the investigation that Germany’s top carmakers had colluded to fix the price of diesel cars and other technologies since decades.

Published on October 23, 2017

By Debaleena Bhattacharjee

Business & Finance

Petra Diamonds’ revenues take a hit after seizure of consignment by Tanzania’s government

With the Tanzanian government seeking to secure more revenue from its mining sector, it has confiscated a consignment of diamonds alleging under declaration of the value of consignment by almost…

Published on October 23, 2017

By Debaleena Bhattacharjee

World & Politics

No oil contracts with Iraqi Kurdistan: Iraq’s oil ministry

With the liberation of iraq’s oil fields from ISIS terrorists, lucrative oil income is now up for grabs.

Published on October 19, 2017

By Debaleena Bhattacharjee

Economics

Britain to release its GDP data on a monthly basis

Expecting a significant slowdown following its decision to leave the EU, Britain now aims to take quick corrective moves by this step.

Published on October 19, 2017

By Debaleena Bhattacharjee

World & Politics

Britain puts its weight behind Europe in the battle between Boeing and Bombardier

For the British government Bombardier’s survival as a planemaker is critical since it brings about a sense of stability, prosperity and job security to its citizens in East Belfast where…

Published on October 17, 2017

By Debaleena Bhattacharjee

Economics

UK in no hurry to raise interest rates: Deputy Governor of BoE

In a development that is largely consistent with general expectations, Brexit is taking a toll on the British economy.

Published on October 17, 2017

By Debaleena Bhattacharjee

Business & Finance

Saudi Arabia’s Aramco agreeable to sell its private stake to investors

With mounting concerns of its international IPO, Aramco is important for the desert kingdom since it is one of its key vehicles through which it aims to diversify its oil…

Published on October 14, 2017

By Debaleena Bhattacharjee

Economics

Risks in global markets are comparable to those in 2007: Larry Fink

Here is what the CEO of the world’s biggest asset manager had to say at the annual meeting of the Institute of International Finance.

Published on October 14, 2017

By Debaleena Bhattacharjee

Management

Kobe Steel adds 9 more products to the falsification product-list scandal

The scandal has ripplied through global companies who are now investigating their global supply chain to see how it impacts them.

Published on October 13, 2017

By Debaleena Bhattacharjee

Business & Finance

BASF to buy BAYER’s seed and herbicide business for $7 billion

For BASF, while this deal represents a fantastic opportunity, it is howering entering into a new territory, since it has avoided the seed business and has insteasd focused on research…

Published on October 13, 2017

By Debaleena Bhattacharjee

Management

Bain Capital’s long reaching strategic moves paying dividends in Japan

Bain Capital has been patiently networking and cultivating connections in Japan. While it spent 3 years to develop a relationship with ADK, long before Toshiba’s nuclear business went kaboom, Bain…

Published on October 12, 2017

By Debaleena Bhattacharjee

Science & Technology

Deutsche Telekom unveils next gen 5G mobile antennas in Europe

5G technology will first be rolled out in Japan and South Korea in 2018, followed quickly by the U.S. In 2020 5G technology will be launched in Europe.

Published on October 12, 2017

By Debaleena Bhattacharjee

Economics

Britain prepaing for a cliff’s edge Brexit, to decide on contingencies on a timely basis

Brexit-related contingency plans will become operational only when there is evidence to support their launch: Philip Hammon, Chancellor of the Exchequer.

Published on October 11, 2017

By Debaleena Bhattacharjee

Economics

Early 2018 will be testing time for British banking & financial industry

Financial institutions and banks likely to decide Brexit-related relocation strategy in early 2018.

Published on October 11, 2017

By Debaleena Bhattacharjee

Science & Technology

Diamonds are now the new gold

Investment-grade diamonds can now be bought, sold and exchanged online through Singapore Diamond Investment Exchange.

Published on October 10, 2017

By Debaleena Bhattacharjee

Economics

ECB’s new bad loan policy ruffles Italian feathers

30% of the European Union’s 915 billion bad loans are located in Italy, no wonder the proposal has tread on a nerve.

Published on October 10, 2017

By Debaleena Bhattacharjee

Management

Qualcomm offers concession to ease concerns raised by the European Commission on its acquisition of NXP semiconductors

The European Commission’s concerns stem from apprehensions that the U.S. chipmaker could use incentives as a ploy to squeeze out rivals and raise prices as well as Qualcomm bringing about…

Published on October 9, 2017

By Debaleena Bhattacharjee

Management

Britain’s BAE System to cut 1,000 jobs this week

The move will affect its Warton plant in Lancanshire where it assembles the Eurofighter Typhoon fighting jet.

Published on October 9, 2017

By Debaleena Bhattacharjee

Economics

Deutsche Boerse preparing to reduce its footprint in London after Brexit

While the LSE’s LCH unit has been the predominant clearing house for IRSs in Europe, with Brexit’s growing uncertainly, banks including Deutsche Boerse are taking steps to move voluminous transactions…

Published on October 9, 2017

By Debaleena Bhattacharjee

Business & Finance

Altice secures lifeline through debt refinancing deal

Altice’s CFO has termed the deal as one which will not only reduce the cost of its interest payable but also lengthen its debt maturity, thus giving it more leverage.

Published on October 9, 2017

By Debaleena Bhattacharjee

Science & Technology

SEC’s EDGAR database vulnerable to cyber threats

The SEC has admitted to the existence of vulnerabilities in its EDGAR database, a repository which houses millions of filing of corporate America, not only in its internal memo, but…

Published on October 6, 2017

By Debaleena Bhattacharjee

World & Politics

Hurricane Nate’s imment arrival to the U.S. Gulf Coast sees major oil producers shutting down their operations

Nate is set to transform into a category 1 hurricane when it hits the U.S. Gulf coast. Nate will dent oil production levels of oil producers, including Exxon Mobil Corp,…

Published on October 6, 2017

By Debaleena Bhattacharjee

Business & Finance

Australian mining giant Glencore and its partners looking to rejig their $3 billion debt

While exploring the refinancing of its debt, Glencore is also looking for ways to get out of this expensive project.

Published on October 6, 2017

By Debaleena Bhattacharjee

Management

Toshiba Corp sells its NAND chip business to Bain Capital led consortium for $18 billion

Although the deal brings a much needed closure to Toshiba’s chip business, the jury is still out on Western Digital’s complaint that Toshiba went ahead with the sale without the…

Published on September 28, 2017

By Debaleena Bhattacharjee

Business & Finance

Royal Dutch Shell deepens its investment in renewables

With consumers opting for renewable energy sources and with the energy market being increasingly accomodative towards renewables, Royal Dutch Shell is strategically positioning itself to tap this burgeoning market to…

Published on September 28, 2017

By Debaleena Bhattacharjee

Management

Uber defends its business model, safety of drivers, at UK tribunal

Facing strong headwinds stemming from its past management practices, Uber will try to defend itself against mounting criticism while capitalizing on growing sympathies. Here’s the scoop of its legal setbacks…

Published on September 27, 2017

By Debaleena Bhattacharjee

Business & Finance

CEFC China Energy to go ahead with its planned investment of $9.1 billion in Russia’s state owned Rosneft

With CEFC China Energy getting the go ahead from China’s top economic planner, the deal will deepen energy ties between the Russia and China.

Published on September 27, 2017

By Debaleena Bhattacharjee

Business & Finance

IVP raises $1.5 billion in latest funding round

IVP aims to utilise the funds in high growth areas, including cloud computing, cyber security and social media markets.

Published on September 26, 2017

By Debaleena Bhattacharjee

World & Politics

Hurricane Maria could not extinguish the love for her pets and other animals for this Puerto Rican couple

Despite the screaming winds, the splattering mud and rising tide, this Puerto Rican couple struggled against difficult odds and survived to tell this story.

Published on September 26, 2017

By Debaleena Bhattacharjee

Economics

Credit Agricole to relocate its European bond trading operations to Paris from London

Financial institutions, including banks, are moving out from London in the wake of Brexit.

Published on September 25, 2017

By Debaleena Bhattacharjee

Business & Finance

Unilever’s acquisition of Carver Korea will help boost its footprint in the beauty and personal care industry in South Korea.

The deal is aimed at tapping the fast growing skincare business in South Korea.

Published on September 25, 2017

By Debaleena Bhattacharjee

World & Politics

Strong 3.4 magnitude earthquake detected coming from North Korea’s nuclear test site

While China as attributed the earthquake to be a “suspected explosion”, South Korea’s weather agency has a different take on the matter.

Published on September 23, 2017

By Debaleena Bhattacharjee

Economics

Eurozone’s finance ministers will continue to monitor Greece’s economy post bailout programme

With eurozone’s economic bailout package ending in August 2018, finance ministers from the group opine that post bailout Greece will need to be fully prepared before it can enter the…

Published on September 23, 2017

By Debaleena Bhattacharjee

World & Politics

From October 1 Uber is banned in London

A number of reasons have been cited for stripping its license. Uber has 21 days to appeal this decision by Tfl.

Published on September 22, 2017

By Debaleena Bhattacharjee

Management

Zurich-based private bank, Julius Baer, appoints Oliver Bartholet as its Chief Risk Officer

This is the third change in the company’s top management.

Published on September 22, 2017

By Debaleena Bhattacharjee

Business & Finance

Nestle to cut 450 jobs from its Galderma R&D center in Sophia, Antipolis

Of the 550 jobs, Nestle will trim up to 450. The company has cited a slowdown in the market for these job cuts.

Published on September 22, 2017

By Debaleena Bhattacharjee

Management

Hackers used infected versions of Piriform’s CC Cleaner to gain corporate secrets

Users of CC Cleaner are advised to re-download the clean version of the app from Piriform’s website.

Published on September 22, 2017

By Debaleena Bhattacharjee

Business & Finance

Toshiba awards Bain-led consortium the rights to purchase its NAND chip business

Despite the appearance of finality to the matter, there still lurks an element of uncertainty given Western Digital Corp’s earlier position on the matter.

Published on September 20, 2017

By Debaleena Bhattacharjee

Business & Finance

Hong-Kong’s AIA Group set to acquire Commonwealth Bank of Australia

Australia’s insurance market is an attractive proposition for foreign insurers given the size of its population and the growth rate of its economy.

Published on September 20, 2017

By Debaleena Bhattacharjee

Business & Finance

European Oil Major Total Expands Its Footprint Into Renewables

The glut in the global oil pool which resulted in oil prices touching rock bottom have put enormous pressures on oil companies. European oil companies are now increasingly expanding into…

Published on September 19, 2017

By Debaleena Bhattacharjee

Management

Dutch Paintmaker overhauls its management – appoints Intertrust’s Maarten de Vries as its CFO

Both companies are in the process of overhauling their top management positions.

Published on September 19, 2017

By Debaleena Bhattacharjee

Business & Finance

PricewaterhouseCoopers LLP reports drop of 1% in revenues due to Brexit

The accountancy firm has attributed the drop in its revenues due to global uncertainties, including Britain’s Brexit referendum, unexpected results of Britain election as well as that of the U.S.

Published on September 18, 2017

By Debaleena Bhattacharjee

Economics

HSBC forecasts two hikes in interest rates within the next 12 months

According to analysts at HSBC, with the Bank of England deciding to join the other G10 central bankers in the decision to ease off accommodative monetary policy, it is likely…

Published on September 18, 2017

By Debaleena Bhattacharjee

Economics

ECB Needs ‘Broader Recalibration’ Beyond ‘QE’: Hansson

The maturing debt could be better invested at ECB thinks Hansson.

Published on September 18, 2017

By Debaleena Bhattacharjee

Economics

Chinese Crackdown Throws Crypto-currency Start-up Market Reeling Into Chaos

Amid confusions and fear stricken investors, the blockchain start-ups widens horizon to manoeuvre through the Chinese ICO ban.

Published on September 15, 2017

By Debaleena Bhattacharjee

World & Politics

The French people voted for Labour Reforms, there is no turning back: French Prime Minister Edouard Philippe

The French Prime Minister Edouard Philippe gently reminded protestors if this year’s election verdict is of any indication, the French people want Labour Reforms.

Published on September 13, 2017

By Debaleena Bhattacharjee