Friday , February 22 2019

News

‘Revenue’ flows push India’s budget gap wider

Bloomberg India’s budgets show the government’s been fixing unrealistic revenue targets, and in the process setting itself up for falling short of fiscal deficit goals. While the government has estimated 19.8 trillion rupees ($280 billion) as revenue receipts for the year starting April, history shows it’s missed income targets in ...

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Apple iPhone shipments down by 20% in China

Bloomberg Apple Inc.’s Chinese smartphone shipments plummeted an estimated 20 percent in 2018’s final quarter, underscoring the scale of the iPhone maker’s retreat in the world’s largest mobile device arena against local rivals like Huawei Technologies Co. The domestic market contracted 9.7 percent in the quarter, but Apple declined at ...

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Ghosn effect: Nissan, Renault operating profit forecast to decline this fiscal year

Bloomberg What kind of financial blow has the widening scandal surrounding Carlos Ghosn delivered to Nissan Motor Co. and Renault SA? Investors are about to get a glimpse when closely watched earnings releases come out this week. The alliance partners have spent the last two months coping with a major ...

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Drugmaker Bristol-Myers gains after Starboard Value takes stake

Bloomberg Shares of drugmaker Bristol-Myers Squibb Co. gained, with acquisition target Celgene Corp. falling after activist hedge fund Starboard Value was said to have taken a stake in Bristol-Myers. The size of Starboard’s stake and any plans that Jeff Smith’s hedge fund might have for its investment in the $81 ...

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Panalpina investor rebuffs DSV’s $4bn takeover offer

Bloomberg Panalpina Welttransport Holding AG’s largest shareholder rejected a $4.2 billion offer from Denmark’s DSV A/S, saying the Swiss air-cargo company would do better with its own expansion plan. The Panalpina committee of the Ernst Goehner Foundation, which holds 45.9 percent of the stock, said in a statement it “supports ...

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Europe’s scooter startups talk merger

Bloomberg Europe’s scooter startups Tier Mobility and Voi Technology AB have held early-stage discussions to combine their operations, in response to the impact of larger US rivals on the continent, according to people familiar with the discussions. The talks, which started in November, recently stalled after Voi concluded that it ...

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Enoc, BHGE partner on ‘lubricant monitoring’

DUBAI / WAM Baker Hughes, a GE Company (BHGE) announced an agreement with Emirates National Oil Company (Enoc), to co-develop VitalyX, a real-time lubricant monitoring system, which can be deployed in multiple industries using large machinery, and advanced cloud-based system to detect and meas- ure key lubricant properties while simultaneously ...

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