The deal worth 7.1 billion euro is likely to bolster Italian tire maker’s presence in Asia. China’s National Chemical Corporation is set to acquire controlling stakes of Pirelli, Italy’s manufacturing legend in a deal worth 7.1 billion euro. The Chinese companies progresses on the acquisition path, taking advantage of the sliding Euro and slight improvement in the European economic prospects. It...

The world’s top energy groups have raised large amount of debts this year. World’ top energy groups are persistently raising debts this year, thereby deriving benefits from the ultra-low interest rates to meet cash shortfalls led by oil price collapse. According to Morgan Stanley research, the world’s leading oil companies have reported a record high $31 billion of debt raised during the first...

A research report published by Navigant Research shows electric two wheelers are setting a new trend; as more and more customers are going for them as a solution to avoid the increasing traffic jams. The city of Boulder, Colorado- 19 March 2015- Navigant Research releases a report wherein the subject matter deals with an examination conducted on the global market of scooters and motorcycles that...

The first chocolate brand of America, Endangered Species Chocolate, has introduced three new sixty percent cocoa bars into the market. This series of chocolate bars are an outcome of a creative idea that sought to present a harmonious blend of various famous flavours from around the world within a single bite. Indianapolis- 19 March 2015- Endangered Species Chocolate, in short ESC, has made an...

The gold prices are set to a steady rise over the next years. Of late, the trading pattern of gold prices has become interesting. The gold prices have been driven by strengthening Asian demand for gold and pulled back by the uncertainty of economic and political scenarios in the European nations. Gold rallied to its peak at $1,177.46 an ounce on 19 March and the dollar slipped after Federal...

US topped the list of world’s largest exporter of weapons, while India took the lead in arms import. India’s is the leading buyer of arms and ammunitions as its import of defence weapons in past 5 years was more than twice as compared to the previous span of 5 years. Moreover, the US continued to remain the top exporter of defense followed by Russia, France and the UK. The steeply climbing demand...

Motorola Solutions is likely to turn the table in 2015 in its performance patterns and regain its lost revenues. An analysis of Motorola report 2014 and a quick perusal through the list Motorola’s present commitments reveal a pattern which indicates a brighter future. Schaumburg, Illinois, Chicago- 18 March 2015- The continuous “decline in the U.S. federal”, in the year of 2014, affected the...

Kuwait, one of the prime members in the OPEC group has noted that it has no choice but to keep its market share and shun oil output costs. The statement made by Kuwait's oil minister backs the view from the Emirate that the OPEC will maintain the status quo as far as production is concerned until the OPEC committee meets in next June. The OPEC countries, including Saudi Arabia have announced...

Europe’s largest low-cost carrier floats the idea of expansion in highly profitable transatlantic market. Europe’s largest budget airline, Ryanair announced its plan to introduce cheap transatlantic flights by the year 2020. It is considered to be a logical development in the markets of Europe, thereby benefiting the European consumer’s travel to the US and even the Americans travelling to...