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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 […]

HSBC Will to Lay Off 35,000 Employees

Britain based investment bank and provider of financial services HSBC Holding plc. (HSBC) will be cutting its labor force by 35,000 employees as a measure set to help the bank come out of the coronavirus pandemic. This massive redundancy plan had been agreed on earlier as per an internal memo of the company however execution […]

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 […]

Netease Raises $2.7 Billion in IPO Debut

China based online gaming company Netease Inc. (NTES) managed to raise a total of $2.7 billion in its Hong Kong initial public offering held on June 4. This listing goes down as the secondary listing by the company as it is also listed in the New York Stock Exchange. Insider sources at the company revealed […]

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, […]

Tencent Raises $6 Billion in a USD Bond Sale

Chinese leading gaming and social media Tencent Holdings Ltd (HKG: 0700) announced having raised $6 billion from a U.S dollar corporate bond sale making it the largest debt deal by an Asian company in 2020. According to the provided term sheet, the deal was finalized on May 27 and the company raised $1 billion in five-year […]

American Airlines Will Cut Down Labor Force by 30%

American Airlines Group Inc. (AAL) issued a letter to its workers indicating that it must trim down its management and support employees by at least 30% for the company to come out of the plunge it has been left into by coronavirus pandemic which has significantly affected the aviation sector globally. By now all major […]