The Strategist
Companies & CEOs

How will Huawei case affect deployment of 5G? - 03/04/2019

The Canadian Department of Justice has officially launched the extradition process of Huawei’s financial director Meng Wanzhou, who was detained on suspicion of violating anti-Iranian sanctions. The Office also issued permission for further judicial action against the businesswoman. Date of appearance in court on extradition in the United States is scheduled for March 6. The meeting will be held...

Levi Strauss IPO: The jeans giant is back - 03/01/2019

In February, Levi Strauss & Co, the first company to receive a patent for the production of blue jeans, filed an IPO application. The placement with a preliminary volume of $ 100 million will be held on the NYSE under the ticker LEVI. The mature giant is targeting new markets and niches. The plans include expansion to China, India and Brazil, as well as strengthening positions in the segment...

British Pool Re issues catastrophe bonds against terrorist attacks - 02/27/2019

British reinsurance company Pool Re has announced release of the world's first catastrophe bonds designed exclusively to protect against terrorist attacks. According to the company, three-year bonds of 75 million pounds sterling ($ 99 million) with a coupon of 5.9% are placed through SPV-company Baltic PCC Ltd. Bonds that allow investors to directly insure risks associated with terrorism in the...

Roche pharmaceutical company buys American Spark Therapeutics - 02/25/2019

Swiss On Monday, pharmaceutical company Roche (Switzerland) announced purchase of manufacturer of gene therapy drugs Spark Therapeutics (USA), according to a press release from Roche. Roche buys American Spark Therapeutics Roche will buy Spark Therapeutics for $ 114.5 per share, with a total value of $ 4.3 billion. The calculation will be in cash: Spark expects to receive $ 500 million of net...

Apple, Goldman Sachs to issue new credit card - 02/22/2019

Apple and US investment bank Goldman Sachs plan to jointly issue a credit card, reports The Wall Street Journal, citing sources. Apple and Goldman Sachs Group are planning to issue a joint credit card this spring. The card will open up new functions for iPhone users to manage their finances, The Wall Street Journal writes, citing informed sources. Employees of companies will begin to test the...

Glencore to limit mining to save environment - 02/21/2019

One of the world's leading trading and mining companies, the Anglo-Swiss Glencore reported that last year its profit decreased by 41% due to the write-off of the value of a number of African assets. In addition, the company announced imminent limitation of coal production in its fields as part of the efforts of the world community to reduce emissions leading to climate change. The 2018 Glencore...

India's second largest airline is on the verge of bankruptcy - 02/21/2019

For the last ten years, Jet Airways has not left the top three largest airlines in India, and last year it wa the first in terms of passenger traffic. 24% of Jet shares are owned by Etihad Airways PJSC. The company controls 13.9% of the billion-strong Indian civilian air transport market and is considered one of the fastest growing in the world. However, Jet Airways (JA) is now having hard times....

3 companies from Warren Buffett’s portfolio that are worth attention - 02/20/2019

Warren Buffett continues to delay launch of a dividend payout program for Berkshire Hathaway. But there is no doubt that the legendary investor loves dividends. In his letter to shareholders, Buffett noted that over the past year, Berkshire has received a tremendous amount of payments in the amount of $ 3.7 billion. Most companies in which the Oracle of Omaha invests pay dividends. Below are...

Indian Oil Corp. concludes first annual deal to import American oil - 02/19/2019

Indian Oil Corp., India's largest refiner, has signed its first annual contract for the supply of American oil, Reuters reported. The company will buy an average of 60 thousand barrels per day totaling $ 1.5 billion during the year until March 2020. The seller is the Norwegian Equinor. Previously Indian Oil Corp. bought American oil only on the spot market. Last year, the company acquired 6...

NBER: Economic activities of US mega-companies have not grown in 60 years - 02/19/2019

Contrary to popular belief, American “superstar companies” have not become larger and more productive over the past 60 years, and since 2000 their contribution to overall productivity growth has decreased by almost 40%, the National Bureau of Economic Research Bureau (NBER) said in a report. Bureau analysts suggest that the reasons for this may be a decrease in competition due to the influence of...
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