Company News

Apple’s Partner Pegatron Plans to Establish Production Base in Vietnam

By Evan Vaughn January 21, 2020

Amid the ongoing trade war prevailing between the US and China, Taiwanese Apple partner Pegatron has decided to set up its production base in Vietnam, claimed recent reports. The world’s two largest economies are locked in a severe trade war and it has already begun showing an impact on electronic companies. With this move, Pegatron […]Continue Reading

Company News

JCB and Keychain Sign Strategic Agreement to Leverage Blockchain for Payments

By Brian Stanley December 27, 2019

The Japan-based global payment network operator JCB Co., Ltd. and blockchain technology provider, Keychain, today signed a strategic agreement. The companies announced that they are going to collaborate to leverage the power of blockchain in the payments space. Keychain has developed its range of services in the blockchain space considerably and some of its services […]Continue Reading

Company News

BASF to Sell Construction Chemicals Arm to Global Equity Fund Lone Star

By Adrian Todaro December 23, 2019

Multinational chemical firm BASF will sell its subsidiary BASF Construction Chemicals to an affiliate of global private equity fund Lone Star for euro 3.17 billion on a cash and debt-free basis. The deal will be completed by Q3 of 2020, subject to approval from relevant authorities. Member of Board of Executive Directors BASF SE Saori […]Continue Reading

Company News

Huawei Looks For More Investments and Product Purchases in South Korea Due to US Sanctions

By Teresa Taylor December 20, 2019

The sanctions in the United States have made Chinese telecom giant Huawei look at South Korea for its rising demand for telecom and smartphone equipment. The company has also vowed to raise its investments in South Korea, according to the head of global media and communications at the company Karl Song Kai. Huawei is the […]Continue Reading

Company News

Pentagon to Create System in Space for Tracking Hypersonic Missiles

By Sarah Lavallee December 18, 2019

The U.S. Missile Defense Agency, Pentagon, has taken note of the advances made by Russia and China in hypersonic missiles technology. Accordingly, it is developing a space sensor system to intercept hypersonic missiles in the air. The US aims to develop space sensor technology for tracking incoming hypersonic missiles. This technology is called Hypersonic Ballistic […]Continue Reading

Trading News

Mexican Senate Passes USMCA Trade Deal With Overwhelming Majority

By Norma Stanley December 13, 2019

The Senate in Mexico has passed the US-Mexico-Canada Agreement (USMCA) trade deal by an overwhelming majority of 107-1. Mexican President Andres Manuel Lopez Obrador said, In Mexico, we did our part. The executive (branch) signed and the Senate ratified the USMCA. Now it is up to the Congress of the United States and Canada to […]Continue Reading

Company News

Amazon Denies ShipMatrix Claims About Fall in On-time Delivery Rates

By Katherine Miller December 12, 2019

Amazon has termed the claims made by consulting firm ShipMatrix “inaccurate.” ShipMatrix claims that Amazon’s on-time delivery rates had fallen to 93.7% in the week ending December 7 compared to 98.2% during the previous week, which also included Thanksgiving. Amazon spokeswoman Rena Lunak admitted that some deliveries were delayed due to bad weather but asserted […]Continue Reading

Company News

SingSaver Obtains MAS Brokerage License to Provide Insurance Comparisons

By Evan Vaughn December 12, 2019

Leading comparison platform SingSaver has announced that it has secured a brokerage license from Monetary Authority of Singapore (MAS) here on Thursday. Now, after this move it will be able to offer more than 100 insurance policies from 12 providers at its platform. SingSaver will now provide instant digital comparisons of insurance products in various […]Continue Reading

Company News

Optile Acquired by New York’s Payoneer to Boost Payment Technology

By Brian Stanley December 11, 2019

Payoneer, one of the leading cross-border payment services providers headquartered in New York, has acquired Optile, an open platform of payment orchestration based in Germany’s Munich. The move was announced yesterday on December 10, 2019, through a press release. However, the terms of the acquisition have not been revealed. Payoneer also took to the micro-blogging […]Continue Reading

Company News

Cat Rock Capital Releases Just Eat and Takeaway.com Merger Presentation

By Teresa Taylor December 10, 2019

Cat Rock Capital Management LP, which is based on Greenwich, Connecticut, released a presentation on the merger between Just Eat and Takeaway.com. It should be noted that Cat Rock owns 17.7 million shares in Just Eat, which represents 3% of the company’s outstanding shares. The presentation was about the offer made by Takeaway.com for Just […]Continue Reading