Trading volume on the Chinese stock markets rose to $ 198 billion, and Chinese people have registered 1.14 million exchange accounts in the past week. However, experts believe that, in the face of declining economic growth and harsh tax policy, unprofessional amateur players can lead to the formation of bubble and eventually collapsing of the Chinese stock exchanges. The rapid increase in the...

The digital revolution shakes the foundations of credit institutions, forcing them to create more innovative products and become more loyal to customers. Currently, banks are at a crossroads. The digital revolution now transforming almost every aspect of our lives and in many ways it touched the banking industry too. According to bankers, writes the Financial Times, it shakes the foundations of...

Airlines in both Canada and Europe have announced that they would adopt a US requirement for commercial pilots to be not left alone in the cockpit in the wake of the recent deliberate crash of Germanwings flight travelling from Barcelona to Dusseldorf. Air Canada plans to implement the change without any delay while EasyJet Airlines headquarteredin the UK plans to change the regulation this...

UAE-based stock exchange Borse Dubai is selling its stake in the British exchange to raise around 1.5 billion pounds ($2.23 billion).   Borse Dubai is the biggest investor in the London Stock Exchange and is the holding company for Dubai Financial Market (DFM) and Nasdaq Dubai. The company was formed in August 2007 to combine the Dubai government’s two stock exchanges as well as its...

World’s largest oil field services company Schlumberger Ltd. was fined $232.7 million for violating sanctions on Iran and Sudan. The sanctions was put forward by the Justice Department on the company’s fully owned subsidy Schlumberger Oilfield Holdings Ltd. The company has admitted guilt to one count of ‘knowingly and willfully conspiring to violate’ the sanctions imposed by US. According to...

China-based Hainan Airlines has ordered 30 Boeing 787 Dreamliners for up to $7.7 billion. China’s fourth-largest airline in fleet size, Hainan, has made the biggest order this year for the Dreamliner Jet. The company is currently operating 169 aircraft at the end of last year and the expansion of the fleet comes at a time when the company has been posting handsome profit. The publicly-listed...

One of the largest US food manufacturers, companies HJ Heinz and Kraft Foods Group signed an agreement to merge. The new company will be called The Kraft Heinz Company, Heinz said in the press release. Its headquarters are located in Chicago and Pittsburgh. Heinz shareholders will receive 51% of the securities of the company, the remaining 49% will go to shareholders of Kraft. Kraft’s paper...

Saudi Arabian Oil intends to increase exports to China, said President and CEO of the company Khalid Al-Falih. According to him, Saudi Aramco sees great opportunities in China's efforts to restructure its economic growth model and is going to continue to seek cooperation with Chinese companies.  - We see how our energy supply potentially doubles with increasing demand for them in China, -...

European bad banks are experiencing boom in their businesses. Europe banks are ready to divest 100 billion euros (73 billion pounds) of unwanted loans in 2015. The banks sold off nearly 91 billion euros of its non-core loans in the year 2014. This amount is expected to increase by 10% this year (according to PWC report). Moreover, the report’s prediction stated that the European banks will take...