The largest customer of the Bolivarian Republic fears US sanctions. China National Petroleum Corp., the largest buyer of Venezuelan oil, suspended August shipments following introduction of recent US sanctions against South American exporters. This was reported by Reuters with reference to two senior sources in Beijing.  Recall that on August 5, Washington tightened sanctions against...

The current indicator grew by 5% from April 2018 to March. The total capitalization of the hundred largest world companies for the first time exceeded $ 21 trillion, according to PricewaterhouseCoopers. The market value of hundreds of enterprises under consideration increased by more than 5% compared with the last year. At the same time, experts note that the growth rate in 2018 was higher by...

WeWork coworking spaces chain, the most expensive US startup, revealed its financial performance in the run-up to the IPO. The company's revenue for the year doubled, and the loss grew by 25%. The American coworking spaces operator We Company (operated under the WeWork brand until January) published a preliminary prospectus. The company has not yet specified how many shares and at what price it...

The Chinese concern Huawei is cooperating with the governments of Uganda and Zambia to help them persecute their political opponents, writes The Wall Street Journal. According to the American newspaper The Wall Street Journal, the Chinese company Huawei supported governments of several African countries, in particular, Uganda and Zambia, in surveillance of their political opponents. One of the...

US media companies CBS Corp and Viacom Inc have agreed to merge in the form of exchange of stocks. The deal will create a company with annual revenues of more than $ 28 billion. "The combined company - ViacomCBS Inc. - will become the leading global multi-platform company producing premium content, with assets, capabilities and scale that will enable it to become one of the most important content...

Givenchy French fashion house and American accessories manufacturer Coach, following Versace, apologized to China for t-shirts to designate Hong Kong and Taiwan as territories independent of China, CNBC reports. Coach's ambassador in China, supermodel Liu Wen, said on Aug. 12 on Weibo that she had terminated the contract with the company when she learned that the 2018 collection includes a...

Saudi State Oil Company Saudi Arabian Oil Co. (Saudi Aramco) for the first time presented a semi-annual report, and reported a decrease in net profit in the first half of 2019 by 12%, to $ 46.899 billion, due to lower oil prices. The company decided to disclose a semi-annual result in anticipation of $ 12 billion-worth IPO. Reuters recalls that the company submitted a report for 2018 earlier this...

Austrian AMS AG made a new offer to purchase the German Osram Licht AG, valuing the lighting equipment manufacturer at € 3.7 billion. The news was announced a few days after the company’s major shareholder rejected the offer from competitors with a lower amount. As part of the offer, Osram shares are valued at €38.5 per share, AMS said in a statement. This price is higher than €35 per share...

Uber taxi service suffered record losses in the second quarter of fiscal 2019, as follows from the company's statements. They amounted to $ 5.2 billion against $ 878 million in the same period last year. The service’s revenue increased by 14%, to $ 3.17 billion. According to the financial report, the number of bookings of trips using the service increased by 31% compared to the same period last...