Companies & CEOs
Number of migrants grows to 272M people, makes up 3.5% of global population - 09/18/2019
Growing number of international migrants in the world continues to outstrip the world's population growth. The figure has already amounted to 272 million people, continuing the upward trend in all regions of the world, the UN report says. Number of international migrants in the world reached 272 million people in 2019, which is 51 million more compared to 2010. Currently, international migrants...
What challenges the future holds for new Alibaba CEO? - 09/15/2019
On September 10, Alibaba chairman of the board Jack Ma retired, leaving the seat for the holding’s CEO Daniel Zhang. He has been working in Alibaba since 2007, having started from the position of financial director of the Taobao trading platform. In 2011, Zhang headed the Tmall marketplace, in 2013 he became the financial director of Alibaba holding worth $ 460 billion, and in 2015 was appointed...
Apple vs Netflix: What profit would make $ 1 th invested 10 years ago? - 09/15/2019
Apple and Netflix are often mentioned in the lists of large technology companies whose early investors managed to significantly increase their capital. Which company would bring you a bigger profit if you invested 10 years ago? Based on CNBC estimates, the $ 1,000 invested in Netflix in 2009 by September 12, 2019 would have turned into almost $ 47,400, and total revenue would have been about...
US General Motors plants to go on nationwide strike - 09/14/2019
Workers at General Motors Co factories went on nationwide strike on Monday. It has become the largest strike of United Auto Workers (UAW) union in more than a decade, Dow Jones writes. Union leaders called for a strike amid stalled negotiations on a new four-year labor agreement with GM. UAW leaders across the country overwhelmingly voted in support of the strike on Sunday, giving almost 46,000...
BP to sell several oil projects to comply with Paris Climate Agreement - 09/13/2019
BP CEO Robert Dudley is planning to sell several oil projects and cut production on some other sites to comply with the Paris climate agreement, Bloomberg reports. At a teleconference, Dudley said the BP management was exploring the possibility of exiting projects with maximum carbon dioxide emissions, but did not name them. He also said that the company would “refuse” from a number of other...
Aramco selects nine banks for IPO - 09/12/2019
Saudi energy company Saudi Aramco has invited nine major banks as global coordinators for the initial public offering of its shares. The list of invited banks includes Citi, JP Morgan, Morgan Stanley, Credit Suisse, Bank of America Merrill Lynch, HSBC, Goldman Sachs, the Saudi National Commercial Bank and Samba Financial Group. For several years now Saudi Aramco has been preparing for the...
French EDF stocks crash after reports of defective components in nuclear reactors - 09/11/2019
Investors reacted extremely negatively to a message from Framatome, a subsidiary of Electricite De France, about some "deviations" in the welds of already manufactured and delivered components for nuclear power plants, as well as in new products of the enterprise. On Tuesday, September 10, Framatome announced start of “additional research” regarding the identified deviations in the welds of the...
Deutsche Bank announces massive layoffs of traders - 09/09/2019
The layoffs affected the fixed income securities division. Deutsche Bank's restructuring has reached a fixed income securities division, Bloomberg reports. According to the publication, the credit institution is downsizing dozens of traders and other employees. The new measures will affect departments involved in highly profitable assets, as well as troubled debts and investments in New York...
US orthodontic braces maker Smile Direct Club expects to raise $ 1.3 bln during IPO - 09/04/2019
SmileDirectClub, a US orthodontic bracket service that works with clients without the direct involvement of doctors, expects to raise up to $ 1.287 billion through an initial public offering on the Nasdaq, the service said. The company filed an IPO in mid-August. Now the firm has named the price range of the offering: it wants to place 58.5 million Class A shares under the SDC ticker at prices...
Saudi Arabia changes Saudi Aramco CEO before IPO - 09/03/2019
The decision to appoint a new Chairman of the Board of Directors to replace the Saudi Arabian Minister of Energy, as noted, was made in order to "avoid conflicts of interest" before preparing for the initial public offering of Saudi Aramco. The change of leadership at Saudi Aramco also strengthens the position of Crown Prince of Saudi Arabia, Mohammed bin Salman. Many witness that Yasir...
