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PJT Partners' shares fall deeply following the arrest of former executive
On Monday, Andrew Caspersen, a previous partner of PJT Partners, was arrested for committing a Wall Street fraud. The US prosecutors accused Caspersen of defrauding $95 million from investors.
India's FM voices rate cut ahead of RBI policy review
Arun Jaitley, India's Finance Minister, has voiced for a possible interest rate cut ahead of Reserve Bank of India's (RBI) review meeting next week, while focusing on controlling fiscal deficit. The Centre has already slashed interest rate on small savings making more conducive weather for lending rate cut.
Western Alliance Bank to buy part of GE Capital assets
US-based Western Alliance Bank has decided to buy GE Capital assets from General Electric Co. The deal is expected to be completed by end of 2016. General Electric will focus on its core industrial operations.
Yahoo Potential Buyers Have 14 Days to Present Their Bid
Yahoo potential buyers only have until April 11 to submit their bid. Along with the proposed amount are details on how the purchase would be financed, conditions or approvals to be met and what important foundation to make by deciding to push through with a deal. Verizon and Time Inc. already shown interest to acquire Yahoo’s core business the past few months.
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Fintech company Coin has bounced back from its near failure and partner Visa and MasterCard in providing integrated payment service. Meanwhile regulators are preparing set of regulation for fintech innovation.
As the country divided in the Brexit issue, British companies showed a little concern regarding Brexit. They considered Brexit do not affect their business activity.
Online shopping is made easy with the advent of smartphones, creating a new era for online sellers. Online marketing sector has gained from many e-commerce apps over the recent period.
Synova Capital has sold its UK fashion accessories brand TLG Brands to Hong Kong’s Global Brands Group. Under Synova’s ownership, TLG Brands has been seeing strong growth and more presence in international as well as online markets.
Ayala Corporation, the largest business group by assets in the Philippines has already acquired certain stake in the automotive industry through IMI. Now, the conglomerate eyes to expand its dominance over the industry in line with a comprehensive program naming CARS. With support from the program, Ayala will go for manufacturing local car brand along with spare parts production facility.
Smart shirt has been a new frontier in the wearable tech. Another Canadian startup company Hexoskin introduced its Hexoskin Smart product as another smart shirt.
Gobi Partners along with Malaysia Venture Capital has created a $14.5 million investment pool to focus on tech start-ups in the Southeast Asian region.
Tesla launched Powerwall last year as a residential backup power supply. However, as the market is not enthusiastic, the company quietly remove one of its product.
Neil deGrasse Tyson has termed Elon Musk’s SpaceX project as a delusion and argues in favor of his claim. The cost involved appears to be the first hurdle since such gigantic project can’t be implemented without public funds or government patronization. The level of risk and lack of commitments for returning profits are the two other major causes behind his argument.
