Companies & CEOs
SoftBank to invest in green energy in India - 06/15/2018
SoftBank and the Government of India are expected to enter into an official agreement shortly after final agreements have been reached. It is expected that the company will invest through a fund supported by the government of Saudi Arabia, NHK specified. Saudi Arabia is the largest investor in the SoftBank Vision Fund, which raised more than $ 93 billion last year. In 2015, SoftBank promised to...
Toyota to invest $ 1 billion in Grab taxi service - 06/13/2018
Japanese Toyota Motor Corp agreed to invest $ 1 billion in the Singapore online taxi order service Grab as the lead investor in the current round of financing the company, Reuters reports. This is the largest amount ever invested by an automaker in an online taxi order service, Grab said in a statement. Previously, the Japanese SoftBank Group Corp and the Chinese taxi service Didi Chuxing...
Record number of corporate defaults is coming to China - 06/12/2018
The number of defaults on corporate bonds in China is expected to reach a new high in 2018 amid tightening of measures within the framework of Beijing's debt reduction program. This is reported by Caixin. "The risk of default has grown because of more stringent regulation, and investors should be fully aware of the possibility of a vicious circle caused by the credit crisis and the deterioration...
Gett taxi service attracts $ 80 million investment - 06/08/2018
International taxi and logistics service Gett closed another $ 80 million investment round from Access Industries, Baring Vostok, MCI and Volkswagen Group. The company expects to become profitable in the first quarter of 2019. Given that Gett planned to attract way more investment, it seems that the service may refuse to seriously compete with Uber, the market participants say. The main...
Netflix original content is losing to film studios - 06/07/2018
While Netflix is developing its own film production in order to attract a loyal audience, viewers still believe that Netflix content is inferior to releases from most major film studios, according to a study by Barclays. As the researchers note, Netflix recently reported that a total of about 300 million viewers watched 33 original movies released by the company in 2018 (an average of about 9...
A farewell to Iran: US companies are leaving the country - 06/07/2018
In six months, Iran will turn into a potentially very profitable market for companies that are not afraid of Washington's sanctions. Currently, European companies are preparing to turn off business in Iran in order to keep the American market open themselves. The situation of their American colleagues is even worse. Companies of the Old World, even theoretically, can still count on the support of...
SocGen to pay over $ 1.3 billion to settle claims of US and French watchdogs - 06/05/2018
Societe Generale SA (SG) has reached an agreement to pay more than $ 1.33 billion of fines. The agreement is related to negotiations with the regulators of the United States and France on settlement of cases in which the French bank was accused of manipulating the interbank market rates, as well as in illegal transactions involving Libyan counterparts, according to a report by the US Department...
S&P downgrades Deutsche Bank's rating to BBB + - 06/01/2018
International rating agency Standard & Poor's (S&P) lowered the long-term credit rating of Deutsche Bank issuer from "A-" to "BBB +"; the forecast is "stable". The ratings of Germany's largest bank are withdrawn from the list for revision with the possibility of downgrading. The bank was placed on the list on April 12. "The renewed strategy of Deutsche Bank provides for a deeper...
De Beers is launching an artificial diamond jewelry brand. Are lab diamonds really that profitable? - 05/30/2018
For the first time in its 130-year history, the world's largest diamond mining corporation De Beers begins to sell diamonds created in the laboratory. This is stated in a statement published on Tuesday, May 29, on the company's website. The firm controls almost 30% of the world market of natural diamonds. Artificial diamonds will be much cheaper, which can lead to a collapse in prices in this...
European companies are leaving Iran - 05/29/2018
European companies are curtailing activities in Iran after the recent announcement by John Bolton, who promised fines and other punishments to those who would continue to cooperate with the Iranians. Obviously, European business does not really believe European politicians, at least when it comes to relations with the US and Europe's independence in foreign policy. The European Union has repeated...
