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Amazon Expanding Operations in Australia

Leading online retailer Amazon Inc. (AMZN) has announced its upcoming plans of expanding its operational activities in Australia. The company will be building a warehouse in Sydney, additionally it will be looking for a strategic location around Melbourne suitable for establishing a giant facility. In a different stock exchange filing, Australia based Brickworks Ltd (BKW) […]

Hyundai and LG Chem Might Build an EV Battery Plant in Indonesia

South Korea based auto manufacturer Hyundai Motor Group (KRX: 005380) and largest South Korean chemical company LG Chem might be building an electric vehicle battery manufacturing plant in Indonesia anytime soon. Insider sources involved with the matter revealed the two companies are almost reaching an agreement on the upcoming joint venture. More precise details about […]

Former Jaguar Land Rover CFO Named New Aston Martin CFO

Former Chief Financial Officer at Jaguar Land Rover Kenneth Gregor, has been named new Chief Financial officer by British Sports Luxury car manufacturer Aston Martin Holding Plc. (LON: AMN). This appointment comes as a critical one as the company’s management is looking to revive the over a century old car maker. His appointment comes barely […]

American Airlines Seeking $3.5 Billion in Upcoming Financing Round

American Airline Group Inc. (AAL) has made public its plan in which it seeks to secure $3.5 billion in upcoming financing round. The airline will use cash to revive its operations which have been greatly affected after coronavirus pandemic stroke a heavy blow to the aviation industry worldwide. The airline is looking forward to sell […]

South Korean Band BTS Donates $1 Million to Black Lives Matter

South Korea based boy band BTS made a donation of $1 million to ongoing protests against racial discrimination dubbed Black Lives Matter (BLM). The news was announced by the music label managing the band Big Hit Entertainment. The widely known band of seven members had last week posted on Twitter under the hashtag Backlivesmatter expressing […]

AstraZenca Reaches out to Gilead Sciences Over a Possible Merger

British-Swedish Biopharmaceutical Company AstraZenca Plc. (AZN) reached out to U.S based competitor Gilead Sciences (GILD) in regard over a possible merger of the two companies. The news was first reported on Bloomberg News who claimed to have secured the leak from insiders of the companies. According to the Bloomberg post, AstraZenca contacted Gilead in the […]

PayPal and WhatsApp Investing in Indonesia Based Gojek App

Online payment system PayPal Inc. (PYPL) and Facebook Inc. (FB) owned online messaging platform WhatsApp announced they will be investing in Gojek app which is a ride hailing, food and payment app based in Indonesia. Gojek is currently running financing rounds, the two companies did not disclose the size amount of their investment or stakes […]

Netease Targeting to Raise $2 to $3 Billion in Upcoming Hong Kong IPO

China based online gaming Company Netease Inc. is looking forward to raise anything between $2 and $3 billion in its Hong Kong secondary initial public offering slated for later in the year. This was revealed by sources involved with the matter. The company says its anticipating being on several secondary listings as the year progresses, […]