Month: March 2019

Saudi Arabia’s Kingdom Holdings to Invest Money from Careem Sale in Europe

The sale of middle-eastern ride-hailing company Careem for $3.1 billion to Uber has proven to be one of the biggest acquisitions this year, and considering the fact that the American…

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Reuters Poll Reveals Improving Outlook Over China Home Prices

The economic slowdown in China has proven to be a dampener for a range of sectors in the world’s second biggest economy and home prices have taken a hit as…

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AstraZeneca Partners With Daiichi Sankyo in $6.9 Billion Deal to Develop and Sell Cancer Drug

British pharma giant AstraZeneca has signed a deal with Japanese drug manufacturer Daiichi Sankyo in order to develop and also market trastuzumab deruxtecan, a cancer drug. The deal will, however,…

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Goldman Sachs’ Chinese Fund Acquires US Firm Despite Trade Tensions

The trade tension between the United States and China has been the biggest development in the world of business and trade over the past few months. Despite the fact that…

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Huawei should be ‘Interoperable’ in Europe, says AT&T CEO

Huawei has been in the crosshairs of the United States authorities for the past few months, and it also led to the ban on the Chinese tech giant’s telecommunication equipment…

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Hong Kong Launches New Era of Banking with Online only Banking License to StanChart

For the past few decades, Hong Kong has become the pioneer as far as financial innovation is concerned, and the Asian financial hub has taken another step with the issuance…

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Merck Launches $5.9 Billion Hostile Takeover of Versum

In a move that might come as a surprise for many, the German pharmaceutical giant Merck KGaA has decided to further increase its hold over the semiconductor market and started…

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Yields, Equities on a Spiral, Gold High

Gold prices reached a one month high as the demand for it increased as a safe bet as equities and Treasury yields made a fall due to concerns over global…

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German Business Confidence Improves, Out of Impending Recession

The Ifo Index which is an indicator of business climate for Germany’s economic activity and is prepared by the Institute for Economic Research in Munich rose in March, and that…

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Aramco’s Delayed IPO Puts US Subsidiary Motiva in a Fix

The proposed initial public offering of Saudi Aramco was supposed to be the world’s first trillion dollar listing, and naturally, it would have meant more money for the Saudi owned…

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