Activities of the Swiss commodity trader Glencore became the subject of investigation by the American regulator of commodity markets. "Glencore was informed by the US Commodity Futures Trading Commission (CFTC) that the CFTC is investigating whether Glencore and its subsidiaries violated certain rules of the Commodity Exchanges Act and/or CFTC regulation through corrupt practices related to...

Negotiations on the merger of Deutsche Bank and Commerzbank, which began in March, were in vain: the banks announced termination of negotiations. According to them, they concluded that the merger would not bring benefits sufficient to offset the costs and risks associated with it. The German government wasn’t particularly excited about plans to merge Deutsche Bank and Commerzbank as many...

Airbnb is trying to stand out and increase number of customers on the eve of the company’s IPO scheduled for 2020. To do this, this rental service is ready to launch a creative studio. Airbnb intends to expand its business and launch several TV shows of its own production, reports Reuters with reference to four sources familiar with the company's plans. The main supporter of this idea is the...

The situation around the ban on 737 MAX aircraft has adversely affected financial results of Boeing. In the first quarter, the net corporation’s profit decreased by 13%, to $ 2.15 billion, and revenues fell by 2%, to $ 22.9 billion. In addition, the company decided not to publish the forecast for the whole 2019, as it still needs to figure out in possible consequences of the situation around 737...

The US authorities filed the first criminal charges and fines for a private company on charges of contributing to a sharp increase in mortality in the United States in recent years due to the use of synthetic opioid drugs. The New York Southern District Prosecutor’s Office has filed criminal charges against Laurence Doud III, the former Chief Executive Officer of Rochester Drug Cooperative, and...

In the first quarter of 2019, revenue of the Chinese telecommunications company Huawei increased by 39% over the same period last year - to 179.7 billion yuan ($ 26.81 billion), the company said. The net profit margin for this period was approximately 8%, which is slightly higher than in the period of January-March 2018. At the same time, Huawei did not disclose net profit data for the past...

Saudi Aramco, the Saudi state oil company, is negotiating purchase of up to 25% in the oil refining and petrochemicals business of an Indian corporation Reliance Industries, (RIL), The Times of India reported. The Saudis are pondering a share worth $ 10-15 billion. Based on these estimates, the entire Reliance Industries business in refining and petrochemicals may cost $ 55-60 billion. An...

Purchase of Anadarko Petroleum will allow oil giant Chevron to become the world's number two publicly traded oil company. After acquisition of Anadarko Petroleum, the oil giant Chevron will become the leading operator of Permian, one of the most interesting oil fields in the world, receiving a corridor 75 miles across the heart of Permian. Before the deal, which is estimated at $ 50 billion,...

Analysts at UBS forecast that Disney will spend $ 800 million on content for its new Disney + streaming service in the first year of broadcasting. “In the longer term, we expect Disney to continue to increase production of original content exclusively for Disney+ in order to add value to the proposal,” said UBS analysts. Disney is developing original movies and TV shows for its future Disney+...