The Swedish company plans to simplify company structure and cut 10 billion Krona in costs by mid 2018 by cutting jobs, divesting businesses, closing 83 sites and reviewing all existing contracts.
Capital Raising & Corporate Finance
Work-space management lags behind work-style changes, presenting new challenges for property managers.
Companies that follow this strategy tend to create a culture of awareness about cost drivers, budget cuts and targets.
Britain’s Financial Conduct Authority (FCA) has pledged to phase out Libor by 2021.
Consumer-staples giants such as Mondelez and PepsiCo too have become targets of investors pushing for more cost efficiency and growth.
Companies like Google, Tesla and the German battery company Sonnen are pitching in to build the island's power and communications networks.
Nearly 1400 global companies factored in internal price for carbon in 2017 compared to just 150 in 2014.
The company has changed plans to split into three separate companies following the merger between Dow Chemicals and DuPont.
The US administration cited national security concerns in following the recommendation of the Committee on Foreign Investment in the US (CFIUS), which could get new powers to increase scrutiny of deals by foreign buyers.
According to various catastrophe risk-modeling services, estimates of the damage caused by Irma alone now range between $40 billion–$50 billion.
Ever since it became a bank holding company in 2008 to stay afloat in the financial crisis, the bank was urged by US Federal Reserve to rely more on ‘sticky’ consumer deposits to lower its risk profile.
Some of this year’s biggest deals include $20 million for Bahraini payment solution PayTabs, $3.5 million for Emirati finance-comparison platform yallacompare and $1.5 million for Emirati mobile-banking solution NOW Money.
The breach has put the personal data of 143 million people at risk of identity theft.
SPACs , created in the US in the 1990s to help financial sponsors raise funds more quickly in capital markets, had suffered, until recently, from a weak IPO market and several failed acquisitions.
Financial regulators the world over are beginning to take a closer look at digital currency Initial Currency Offers and companies that use them to raise funds.
Equity-based real estate platform Yielders is the first Islamic fintech to receive accreditation from Britain’s Financial Conduct Authority.
The golden age of cheap corporate funding is coming to an end. Or is it? After Donald Trump’s surprise election as US president, markets reached a quick consensus that a new economic day was dawning. But interest rate hikes may not come as fast--or do as much damage--as some expect.
Not likely. American towns and cities have lost millions of manufacturing jobs, yet manufacturing output has actually risen 85% since 1987.
A new, special-purpose bank charter set to be awarded to select financial technology companies promises to be a boon for both the companies and banks, two fintech experts say.