Daily Management Review
Business & Finance

Japanese megabanks are facing huge problems

The mega-banks of Japan have a problem. It seems that they simply cannot cut their expenses fast enough, writes Bloomberg. Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Financial Group Inc., may have surprised investors by reporting on Tuesday an increase in profits in the second quarter,...

Iron Ore At The Center Of A Fight Between Hong Kong And Singapore

It is being called a war over iron ore.   Singapore Exchange Ltd.’s leading position in the futures commodity market for iron ore is being challenged by Hong Kong Exchanges & Clearing Ltd. which is starting futures for the same – a commodity that has been a popular way to bet on...

Softbank to pay $ 10 billion for Uber's shares

Uber concluded a deal that could bring huge investments from a consortium led by the Japanese conglomerate Softbank and Dragoneer, the BBC reports. The size of potential investments is not disclosed, but reportedly the amount can reach $ 10 billion.   It is noted that the funds received will...

Facial recognition technology is getting massive funding in China

Global investors, including U.S. hedge funds, are increasingly cashing-in on China’s demand for increased state surveillance through smart CCTV cameras that can track and monitor suspects, including dissidents and activists, with a disregard for individual’s rights. As far as the business side of...

Technavio Report Predicts qPCR Reagent Market To Be Boosted By Forensic Sciences Demand For qPCR

The latest market research report form Technavio on the global qPCR reagent market claims that there will be a growth of more than 7% CAGR from 2017-2021 in the market. the growth rate would be supported by rampant and increasing use of qPCR technique in multiple applications like food and...

Mobius: Saudi Aramco will not hold an IPO in New York

A few days after US President Donald Trump urged Saudi Aramco to conduct an IPO on the New York Stock Exchange, a well-known investor Mark Mobius, said that the placement in New York is unlikely, CNBC reported. A number of exchanges, including in New York, London, Hong Kong and Singapore, are...

Deutsche Telekom raises 2017 outlook

Unperturbed by the collapse of the mega deal between T-Mobile US and Sprint Corp, Deutsche Telekom’s third quarter earnings have beaten analysts’ expectations. Leaving behind the collapse of the merger between T-Mobile US and Sprint Corp, Deutsche Telekom raised its 2017 outlook and reported a 3.3%...

Goldman Sachs led in a $10 million funding round of fintech Crux Informatics Inc

The development marks a growing trend of large financial institutions being dependent on fintech startups to provide them large diversified normalised data sets from which they can gain business intelligence. On Wednesday, it emerged that the Goldman Sachs Group Inc led a $10 million funding round...

OPEC: American shale companies will keep dominating the market

American oil shale companies, that turned the whole energy industry upside down, in the coming years will absorb most of the growth in demand for oil, OPEC’s new report says. However, the figures will grow among all market participants after many years of rapid growth in US oil production and...

GE looking to divest / spin-off GE Capital Aviation Services (GECAS)

GE is also exploring to either spin-off or divest its transportation and healthcare information technology businesses. These strategic sales are aimed at meeting the company’s goal of identifying assets worth more than $20 billion that can be divested or spun-off so as to not weigh down its...
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