The Strategist
Companies & CEOs

Chinese banks take four of top five places in The Banker rating - 07/01/2019

The new rating of The Banker magazine includes thousands of the world's largest banks. Its top is full of banks from China, followed by American financial companies. The Banker magazine revealed its latest rating of thousands of the world's largest banks. The banks are ranked by size of Tier I capital. The global rating does not include banks that belong to foreign parent financial groups, even...

Korean Hyosung Corporation and Saudi Aramco join forces in innovative chemistry - 06/28/2019

Representatives of the South Korean industrial conglomerate Hyosung Corporation signed a memorandum of understanding with representatives of Saudi Arabia oil company Saudi Aramco. It is reported by Maeil Business Newspaper, citing company representatives. According to them, the document between CEO of Saudi Aramco and Head of the Hyosung Corporation was signed at the five-star Conrad Seoul hotel,...

JP Morgan fined € 1.6 million in Ireland - 06/27/2019

The Irish subsidiary of the American financial giant has violated asset management regulations. The Irish regulator fined local subsidiary of JP for € 1.6 million. The financial institution violated the country's regulatory requirements. In three cases out of four, this concerns outsourcing of asset management activities. In March 2014, the Central Bank conducted a study on the current...

AbbVie to buy Allergan for $63 bln - 06/26/2019

The American pharmaceutical company AbbVie will buy Irish Allergan, known for its development of Botox, for $ 63 billion. This deal will be one of the largest in the industry, and will help the Americans noticeably strengthen their position in the cosmetics, eye care, immune system and cancer drugs market. AbbVie will pay the Irish company $ 63 billion, or $ 188 per share in cash and its own...

Mining giant Evraz takes interest in bankrupt British Steel division - 06/24/2019

Metallurgical and mining company Evraz is interested in buying the French division of British steelmaking corporation British Steel, which produces railroad rails, writes Financial Times, citing sources in the market. The division is called Hayange and employs about 400 people. It is located in the north of France. The company is a supplier of the French state rail carrier SNCF. British Steel...

Fed’s policy induces new market rally - 06/24/2019

Readiness of the US Federal Reserve to soften monetary policy once again and begin to reverse the rate cuts caused a rally in global markets, including oil prices (Brent quotes has risen by almost 5% since Wednesday). The demand grew for both risk-free and risky assets. For the first time since 2016, the required yield on ten-year US government bonds fell below 2%, while the total volume of bonds...

China Railway Corporation finishes restructuring, changes name - 06/19/2019

China Railway Corporation, with the approval of the State Council of China, completed restructuring and changed its name to China State Railway Group Co. Ltd. This is expected to make the company more market-oriented, reports China Daily. The company with a registered capital of almost 1.74 trillion yuan ($ 252 billion) is subordinate to the central government. The Ministry of Finance performs...

Google to invest $ 1 billion in housing in San Francisco - 06/19/2019

Google will invest $ 1 billion in housing construction in the San Francisco Bay area in the next ten years. The company will do so as the region’s largest employer. This was announced in the company's blog by its general director Sundar Pichai. He called the problem of the lack of affordable housing for people with low and middle incomes particularly acute and difficult for the city. Google has...

TikTok is getting ready to fight for ads revenues - 06/18/2019

The most anticipated debut at the Cannes Lions-2019 festival will be the Chinese video application TikTok. It began testing ad placement features and is going to compete for advertisers with Instagram and Snapchat. TikTok has begun testing various products for advertisers, the Financial Times reported, citing several sources familiar with the company's plans. According to them, TikTok is testing...

American business calls to resolve trade dispute with China - 06/17/2019

Representatives of 661 US companies and trade associations sent an open letter to US President Donald Trump asking to seek an urgent solution to the problem of trade disputes with China. The business believes that the current confrontation is having a negative impact not only on companies, but also on consumers. On Thursday evening, participants of the Tariffs Hurt the Heartland public business...
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