Hong Kong regulatory authorities have come down hard on UBS and other leading banks. UBS and other major banks including Morgan Stanley have been fined a total of $100 million for failing to meet due diligence standards pertaining to Initial Public Offerings (IPOs). However, for UBS, there was more bad news as it has now […]
Even half a decade ago, Microsoft seemed like a bloated giant that did not know which way to turn, but that has all changed over the past few years as the software giant turned itself around through innovative strategies and a bold vision. The company’s foray into cloud services with Azure was a particularly bold […]
While Uber’s mega $120 billion Initial Public Offering (IPO) remains the talk of the financial world, rival ride-hailing company Lyft has charged ahead with its IPO plans and on Monday announced that they plan to raise $2.4 billion. Although ride-hailing companies have grown exponentially and become a routine presence in most cities, Lyft will be […]
WorldPay Payments which had been originally launched in the United Kingdom as Streamline and was later owned by Royal Bank of Scotland has been sold to Fidelity National Information Services (FIS) in a $43 billion deal. The entire deal consists of $35 billion in stock and cash, in addition to the debt that WorldPay has […]
The demand for LNG, liquified natural gas is likely to increase by 10% due to urban consumption. Even as it increases the import, lack of infrastructure denies the product reaching the end customers. Increase in demand for LNG in India: There is great demand in urban India for LNG by gas distribution agencies and also […]
The United States has now sought the help of its private players for fighting its priority and its power in the international forum. As there have been instances of the United States imposing financial sanctions on Iran, it now tries to put all its private players, especially the oil industry to fall in the lone […]
