Daily Management Review
Business & Finance

Aramco chooses Moelis & Co. to support IPO and starts to think about SPO

Saudi Oil Corporation Saudi Aramco hired US investment bank Moelis & Co. as a consultant for initial public offering of its shares. Amount of the transaction and the amount of Moelis & Co’s remuneration are not specified, yet, according to some estimates, the sum will be record for any IPO...

Why Is The Silicon Valley Fighting Against The Immigration Ban Of President Trump?

Silicon Valley “has no choice but to fight”. Robert Cyran reports that Silicon Valley is putting up a fight to sustain its immigration based life. As of now, more than hundred tech firms, like “Google, Facebook and Apple”, have joined arms in the battle against the U.S. President’s executive ban on...

'Conflict Minerals' Rule Planed to be Targeted by White House Through Executive Order: Reuters

If media sources are to be believed, a controversial Dodd-Frank rule that requires companies to disclose whether their products contain "conflict minerals" from a war-torn part of Africa is to be targeted by U.S. President Donald Trump through the issuing of an executive order.   If it is in...

What will happen to bitcoin in 2017

2016 turned out to be particularly successful for Bitcoin - the cryptocurrency has even been named the best asset. However, the beginning of 2017 looks like a roller coaster: first, there was an increase of 20%, then a sharp drop of 35%, and bounce back. What will happen to Bitcoins in next 11...

Oil Price Gains Capped by Rising U.S. Drilling After Prices Edge up on Iran Tensions

The global oil markets gains were caped and pulled down by further signs of growing U.S. production even as the prices across various markets edged up on Monday on fears that new U.S. sanctions against Iran could be extended to affect crude supplies.   Very recently, the U.S. President...

$8.5 Billion F-35 order Announced by Lockheed and the Pentagon

Noting the lowest price that has been paid to date for the Pentagon's most expensive program, for 90 F-35 jets, the Department of Defense and Lockheed Martin Corp announced on Friday of an agreement worth about $8.5 billion.   Marking a total savings of $728 million when compared to $102...

Concerns to Trump about Travel Ban Expressed by U.S. Business Leaders

Some of the chief executives of major U.S. companies expressed concern about a travel ban on people from seven Muslim-majority countries traveling to the United States as they huddled with President Donald Trump at the White House.   Bank rules, tax reform, and objections to Trump's week-old...

US Plant for Home Appliances Might be Built by Samsung: Media Sources

In what is considered to be the latest global firm to consider a response to criticism about imports from new U.S. President Donald Trump, Samsung Electronics may build a U.S. plant for its home appliances business, reported the media quoting a person familiar with the matter.   The...

H1B Visa Threat Forces Indian IT Firms Planning a Visit to Meer Trump Officials

In order to lobby against any major changes to visa regulations that could hurt the country's $150 billion industry, Indian IT sector leaders will meet both U.S. lawmakers and officials from U.S. President Donald Trump's administration later this month.   While it is certain that the chief...

LCH: Computer-controlled hedge funds lead the game

Artificial intelligence has once again demonstrated its power. Hedge funds based on algorithmic trading system are leaders of efficiency ratings. Top 20 hedge fund manager list, compiled by LCH investments (invests in other hedge funds and included in Edmund de Rothschild Group), features DE Shaw,...
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