Category «Technical Analysis»

PepsiCo buys Chinese snack brand Be & Cheery for $705 mn

PepsiCo buys Chinese snack brand Be & Cheery for $705 mn

By Ritu, Capital Sands PepsiCo Inc has agreed to buy Chinese snack brand Be & Cheery from local jujube maker Haoxiangni Health Food Co Ltd for $705 million, the companies said. The U.S. multinational food and beverage maker said the acquisition of Be & Cheery, which sells snacks from nuts to dried fruits mainly on …

Yes Bank delays quarterly results; shares up amid fresh fund raise talks

Yes Bank delays quarterly results; shares up amid fresh fund raise talks

By Ritu, Capital Sands Troubled Indian lender Yes Bank Ltd said it will delay disclosing its October-December earnings by at least a month, and that it was in talks with potential investors for a cash infusion, sending its shares up almost 6% in Thursday trade. Yes Bank, in a regulatory filing late on Wednesday, said …

Google takes on EU in court over record antitrust fines

By Administrator_India, Capital Sands Google will on Wednesday seek to overturn the first of three hefty European Union antitrust fines at Europe’s second-highest court in a landmark case that could determine how EU enforcers take on U.S. tech giants for abuse of market power. The company will lay out its arguments against a 2.4-billion-euro fine …

India’s pollution regulator threatens to shut 14 coal-fired power plants

India's pollution regulator threatens to shut 14 coal-fired power plants

By  Administrator_India, Capital Sands India’s federal pollution regulator has warned 14 coal-fired power plants that they could be shut down and penalized for failing to comply with environmental standards. The power plants, nine of which are around India’s polluted capital, New Delhi and five of which are in south Indian states, account for over 7% …

EU offers Johnson a few crumbs in Brexit talks

EU offers Johnson a few crumbs in Brexit talks

By  Administrator_India, Capital Sands The European Union is offering Boris Johnson only a few crumbs. The 27-nation bloc wants the United Kingdom to abide by its standards in return for a tariff-free trade deal. It’s hard to square with the British prime minister’s goals. Yet Brussels has left some wiggle room – and Johnson has …

Woolard to head UK markets watchdog on interim basis

Woolard to head UK markets watchdog on interim basis

By Administrator_India, Capital Sands Britain’s finance ministry has appointed Christopher Woolard as interim chief executive of the Financial Conduct Authority  to navigate the financial sector after Brexit. CEO Andrew Bailey leaves in March to become governor of the Bank of England, when Woolard will take over the FCA as interim chief executive. Woolard is currently …

Exclusive: Malaysia to buy more sugar from India to help resolve palm oil spat – sources

Exclusive: Malaysia to buy more sugar from India to help resolve palm oil spat

By Administrator_India, Capital Sands Malaysia’s top sugar refiner said it will increase purchases of the commodity from India, which according to two sources is part of efforts to placate New Delhi amid an ongoing spat over palm oil. MSM Malaysia Holdings Berhad will buy 130,000 tonnes of raw sugar from India in the first quarter, …

Baring Private Equity closes Asia buyout fund at $6.5 billion

Baring Private Equity closes Asia buyout fund at $6.5 billion

By Administrator_India, Capital Sands Hong Kong-based Baring Private Equity Asia closed its seventh private equity fund at $6.5 billion, its largest to date, the firm said Tuesday. The fund size exceeded Baring’s initial target by $1 billion and is 60% bigger than the firm’s previous fund, it said. The new fund will continue to focus …

China repeats call on Canada to release Huawei CFO Meng

China repeats call on Canada to release Huawei CFO Meng

By Ritu, Capital Sands China repeated its call on Monday for Canada to release detained Huawei Technologies Chief Financial Officer Meng Wanzhou as soon as possible, ahead of the executive’s first extradition hearing later in the day. “The resolve of the Chinese government to protect Chinese citizens’ proper legal rights is firm and unwavering,” foreign …

European shares at record high as cross-Atlantic trade tensions abate

By Ritu, Capital Sands European shares touched a record high on Friday after EU Trade Commissioner Phil Hogan struck a positive tone on talks with Washington, soothing some concerns over a possible escalation in trade tensions between the cross-Atlantic allies. The pan STOXX 600 index rose as much as 0.8% to a record high of …