Posts belonging to Category Industry



What the Disney-Fox deal means for Marvel

Super attractive  streaming service

Imagine finding Luke Skywalker, Captain America, Moana, the X-Men and the Na’vi of Pandora all housed in one streaming service. That’s what a Disney streaming service could look like now that the company is buying up most of< 21st Century Fox in a $52.4 billion deal.

The deal puts Fox’s movie studio, 20th Century Fox, under the Disney umbrella, bringing with it the studio’s intellectual property. Having 20th Century Fox’s “X-Men” and “Avatar” under the same roof as Disney’s “The Avengers” and “Star Wars” could have huge ramifications in both the streaming world and the film industry. Disney announced in August that it will pull its content from Netflix, effectively ending its relationship with the streaming service to start its own in 2019. This means Netflix users will no longer be able to watch content from Lucasfilm, Marvel, Pixar and Disney Animation.

http://www.cnn.com… Fri., 15  December 2017

India’s economy has bounced back

A year-long slowdown

India’s economy has bounced back from a year-long slowdown, but not enough to regain the global growth crown from China.
Gross domestic product grew by 6.3% in the three months through Sept. 30, up from 5.7% in the previous quarter. That compares with China’s growth rate of 6.8% in the same period.

Still, the numbers will be music to the ears of Indian Prime Minister Narendra Modi, whose two biggest policy decisions of the past year have been widely blamed for a slump that cut growth to its slowest pace in three years. India was the world’s fastest growing major economy at the end of 2016, with GDP expanding by 7%. But the sudden ban last November of India’s two most valuable rupee notes at the time — accounting for 86% of the country’s cash — stunned industry and brought activity in some sectors of the economy to a screeching halt.

http://www.cnn.com… Fri., 01  December 2017

Dark clouds gathering on the horizon’ for Britain’s economy

UBS upgrades pessimistic forecast for UK growth

he Swiss bank UBS has admitted that the outlook for the UK is not as bad as it thought in the immediate aftermath of the European Union referendum and that the economy is well-positioned to benefit from strong global growth. While uncertainty about the final outcome of Brexit might weigh on economic progress, the bank did not believe it would derail future economic expansion.

UBS forecast that the UK will grow 0.7pc in 2018 has been upgraded to 1.1pc and the bank believes this rate of acceleration will be sustained into 2019. This is still a fairly negative view compared to other economists. The consensus view is that the economy will grow by 1.4pc next year. The Bank of England thinks it will be 1.6pc.

http://www.telegraph.co.uk…  Fri., 24  November 2017

Walt Disney interested by 21st Century Fox

John Malone: Walt Disney/21st Century Fox deal woul benefit both sides

Liberty Media Chairman John Malone thinks a Walt Disney purchase of some 21st Century Fox assets makes sense and would benefit both sides. “To me, it’s a logical thing for them to be studying,” Malone said at the Liberty Media annual investor meeting.

“Of all the guys in the studio business, Disney is the most unique in the sense that it owns its IP on its most important entertainment product,” Malone said. “So if you think that whole structure is going to be under stress, why wouldn’t the Murdochs want to put their stuff in and ride along in something that they’d help make bigger scale and that has this protective element of intellectual property ownership?”

http://www.cnbc.com…  Fri., 17  November 2017

Volkswagen invests $11.8 billion to build China electric cars

15 all-electric and plug-in hybrid vehicles over the next 2 years

Volkswagen Group said on Thursday it plans to spend 10 billion euros ($11.8 billion) by 2025 to develop and manufacture all-electric and plug-in hybrid vehicles as it seeks to comply with upcoming stringent rules in China.

The group, which includes Volkswagen AG (VOWG_p.DE) and Audi AG (NSUG.DE), intends to launch 15 of the so-called new energy vehicles (NEV) models over the next two to three years, and an additional 25 after 2025, China chief Jochem Heizmann told Reuters on Thursday. China’s NEV production and sales quotas, which must be met by 2019, have prompted a flurry of electric car deals and new launches as automakers in China race to ensure they do not fall short. Automakers that do fall short will be required to buy credits.

The Biotech IPO Boom Will Continue

More biotech companies to go public in the coming months

Last week early-stage biotech companies Apellis and InflaRX both went public, raising $150 million and $100 million respectively. The Wall Street debut of Erytech Pharma is expected to raise $100 million.

That will bring the biotech IPO tally for 2017 to 30 so far—handily outpacing the final tally for 2016 of 26. The amount of money raised in biotech IPOs this year is more than $1.9 billion, again surpassing last year, when biotechs raised $1.7 billion.

The environment is ripe for more biotech companies to go public in the coming months, predicted Nelson Griggs, president of Nasdaq Stock Exchange, and Jordan Saxe, senior managing director and head of healthcare capital markets at the exchange, in an interview. Here are edited excerpts from our conversation.

http://www.forbes.com…  Mon., 13  November 2017

Trump Team Plans $250 Billion in Deals From China Visit

Energy sector expected to reap benefits from U.S.-China talks

The White House expects to announce upwards of $250 billion in business deals in China this week, an administration official said — exactly the sort of U.S. jobs-based diplomacy that President Donald Trump likes to deliver when traveling abroad. Commerce Secretary Wilbur Ross boasted of that number in a meeting with chief executives in China on Wednesday, but offered few details, according to two people who attended the meeting. A U.S. official confirmed the amount.

http://www.bloomberg.com…  Thu.,  09  November 2017

Jersey, new Tax Haven for Apple

Tech giant moved the firm holding most of its vast untaxed offshore cash reserve to the Channel Island – after a crackdown in the Republic of Ireland

Tech giant Apple chose the Channel Islands as a new haven to continue avoiding billions in taxes, the Paradise Papers show. The company picked Jersey as an alternative after a 2013 crackdown on its controversial tax practices in the Republic of Ireland, they reveal.

Apple moved the firm holding most of its huge untaxed offshore cash reserve to the Channel Island, allowing it to avoid billions of tax around the world – but has insisted the secretive new structure had not cut its taxes.

http://www.independant.co.uk…  Tue.,  07  November 2017

Airbus backs up Bombardier in a fight against Boeing

Airbus to Buy Majority Stake in Bombardier C Series Jet Program

Airbus SE agreed to acquire a majority stake in Bombardier Inc.’s C Series jetliner program and will start assembling them in the U.S., vaulting a technologically advanced but slow-selling plane onto the front lines of the battle with Boeing Co. over global aircraft sales. Without putting up a dime at closing, Airbus will take just over half of a partnership controlling the C Series. The European planemaker’s marketing muscle boosts the viability of the all-new aircraft after more than $6 billion in development costs forced Bombardier to rely on government assistance.

The deal also thrusts Airbus into the middle of a bitter trade spat between the Canadian manufacturer and Boeing. Following a Boeing complaint that Bombardier sold 75 of its C Series jets to Delta Air Lines Inc. for “absurdly low prices,” President Donald Trump’s administration slapped the aircraft with import duties of 300 percent in recent weeks — roiling U.S. relations with Canada and the U.K., where Bombardier makes the plane’s wings.

http://www.bloomberg.com…  Tue.,  17  October 2017

Raising trade tensions between Europe and China

Complaint against dumping of e-bikes by Chinese companies

European producers of electronic bikes (e-bikes) have filed a complaint with the European Commission against cheap Chinese e-bike imports, saying that they are sold in the bloc at excessively low prices with the help of unfair subsidies. The European Bicycle Manufacturers Association (EBMA) lodged the complaint alleging dumping of e-bikes by Chinese companies which they say are flooding the market at prices sometimes below the cost of production. The Commission has until late October to determine whether to start an investigation.

The EBMA is also preparing a related complaint alleging illegal subsidies and asking for registration of Chinese e-bike imports, which could allow eventual duties to be backdated. Such an investigation would be the latest in a string of probes into Chinese exports ranging from solar panels to steel and could raise trade tensions with Beijing, particularly with a subsidy inquiry into the support provided by the Chinese state.

http://www.reuters.com…  Mon.,  02  October 2017