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Alibaba Group Marks 39% Rise In GMV In 11.11. Global Sale Event This Year With Sale Revenue Of US$25.3 Billion

Marking an average increase of 39% in comparison to the gross merchandise volume (GMV) settled in 2016, Alibaba Group Holding Limited settled US$25.3 billion (RMB168.2 billion) of (GMV) through Alipay on November 11, 2017, the company announced. More than 90 percent of the total GMV was settled...

Corporate Finance Leader Duff & Phelps Strengthens In Europe, New EMEA Leader Appointed

Duff & Phelps, the global leader in valuation services and corporate finance recently appointed Yann Magnan Head of EMEA markets, with the aim of growing the company’s business in Europe. Formerly a Partner at E&Y, Magnan joined Duff & Phelps in 2007 as founder of Paris Office. These days,...

$9 Billion Indian Diamond Mine Left By Rio May See Bid By Vedanta, Adani: Reuters

Earlier this year, Rio Tinto abandoned a diamond project in India following which that project is being planned to be bided for by Indian resources conglomerates Adani and Vedanta for a total value of $9 billion, reported Reuters citing information from multiple sources with knowledge of the...

New Welfare Standards For Chickens Set By McDonalds

In what is being described as the latest changes affecting popular menu items like McNuggets, new standards for raising and slaughtering chickens served in its restaurants will now have to be followed by the suppliers of McDonald’s Corp, the company said on Friday.   The mandates failed to...

Deutsche Bank CFO Says 'Very Hard' To Say When Revenues Will Pick Up Again

Struggling to predict when revenues will improve is Germany's flagship lender.   Amid a weak market and the ongoing turmoil of a major restructuring program, Deutsche Bank reported an almost 10 percent drop in revenue in the three months through September on Thursday, versus the year before....

November Date Fixed For Launch Of Sale Of Consumer Health Unit Of Pfizer: Reuters

Paving the way for a potential $15 billion-plus sale of the headache pill to lip balm business, Pfizer plans to kick off an auction process for its consumer healthcare business in November, according to Reuters.   Interest in bidding for the unit, which had sales of about $3.4 billion in...

In The Cloud Wars Against Amazon, Google And Cisco Team Up

Cisco’s technology was in danger of losing relevance when Chuck Robbins was promoted to CEO of Cisco in 2015.   In the same year, Diane Greene’s unit was desperate to close the gap with Amazon Web Services when Google named her as head of its cloud...

A Rocky Start For Google's Latest iPhone Rival

An investigation by Alphabet Inc’s Google has been prompted to be launched even as the company has also issued multiple apologies to customers as display screen problems and pricing and shipping issues have hampered the launch of second-generation Google Pixel smartphones.   The lynchpin of...

A Rocky Start For Google's Latest iPhone Rival

An investigation by Alphabet Inc’s Google has been prompted to be launched even as the company has also issued multiple apologies to customers as display screen problems and pricing and shipping issues have hampered the launch of second-generation Google Pixel smartphones.   The lynchpin of...

$417 Million Talc Cancer Verdict Against Johnson & Johnson Tossed Away By California Judge

In a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson’s Baby Powder for feminine hygiene. On Friday a California judge threw out a $417 million verdict against Johnson & Johnson.   There have been several accusations from women...

Bid To Rescue CSeries Overshadowed By Airbus Turmoil

The spotlight from a growing ethics row last week was taken off and investors were stunned by Airbus’s coup in buying a $6 billion Canadian jetliner project for a dollar. However, questions over how smoothly it can implement the deal have been raised by internal disarray.   Just as the...

Many Do Not See The Massive Saudi Aramco IPO To Be A Great Investment

A section of investors might not be all that interested in what's set to be the biggest initial public offering ever by oil giant Saudi Aramco as it is readying its IPO.   Coming up short for all three basic tests investors apply to potential IPO investments: growth, an attractive dividend...
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