Industry
Chicago bourse joins race for London Stock Exchange
Chicago Mercantile Exchange is the latest bourse that has shown interest in acquiring London Stock Exchange (LSE). Intercontinental Exchange (ICE) has already announced its intention to bid for London Stock Exchange. The merger talks on £20-billion merger plan between Deutsche Boerse and London Stock Exchange are in progress.
Wells Fargo Seeks Laughlin Successor for Merger and Acquisition Chief
John Laughlin is stepping down as the head of merger and acquisition, becoming the vice chairman of the business. Wells Fargo is now looking to replace him considering both internal and external candidates.
Saudi Arabia regains top oil exporter status to China
Surpassing Russia, the Kingdom of Saudi Arabia (KSA) has regained its lost status as top oil exporter to China in January 2016. However, China's oil imports eased during the month, while Russia suffered major drop in its exports. As a result, Saudi's market share rose to 15.9 percent highest since June 2015.
Silicon Valley on India: Striking The Iron While It's Hot
There is a saying "Strike while the iron is hot". That is what Silicon Valley is doing - investing big in India where the economy grows faster.