The US Financial Markets Regulation Service has imposed fines on US banks Citigroup and J.P. Morgan for providing false information and violations committed against customers. The Financial Market Regulator (FINRA) on December 28 fined Citigroup for $ 11.5 million for providing false ratings for many companies for almost 5 years. Citigroup Global Markets Inc. were ordered to pay a fine of $ 5.5...

Japanese company SoftBank won a tender to purchase a 20% stake in Uber, the Wall Street Journal reported citing sources. At that, Uber was estimated at $ 48 billion. This is less than the company’s market cap of $ 70 billion. Thus, SoftBank will receive Uber shares at a discount of almost 30%. According to the publication, the deal will be held at a big discount - almost 30%. SoftBank Group...

Mitsubishi UFJ Trust and Banking filed a patent application for registration of a system for safe storage of users of crypto-currency exchanges in an attempt to protect customers from incidents such as bankruptcy of the Japanese stock exchange Mt Gox. Mt Gox exchange, the bankruptcy of which became one of the most significant incidents in the history of the crypto-currency operations, was...

Bloomberg published the final version of its list of the world’s richest people for 2017. According to the Bloomberg Billionaires Index, Amazon founder Jeffrey Bezos, whose fortune is estimated at nearly $ 100 billion, became the richest man on Earth by the end of the year. Two more representatives of the US - Microsoft founder Bill Gates and media tycoon Warren Buffett - were in the top three....

The European Court equated Uber to taxi companies. "This decision will not change anything for us in most EU countries, in which we are already working in accordance with the laws on the transportation of passengers." This was Uber’s reaction to the Decision of the European Court in Luxembourg, adopted on December 20. The decision has actually equated this firm to taxi companies providing...

American aircraft corporation Boeing Co is in talks to acquire a stake in the Brazilian aircraft company Embraer SA, Reuters reports. Embraer's stock price jumped more than 20% in New York and São Paulo. The market capitalization of the company at the close of trading was $ 4.5 billion after the statement, in which there were no details about the possible transaction. Shares of Boeing decreased...

Carmaker Volkswagen has sold 3 million cars for the calendar year in China. This was a record indicator in the history of the world car market. The German concern Volkswagen has become the first automaker in history to sell 3 million cars in a single foreign country within a calendar year. As the press service of VW reported, the automaker reached a record high in the Chinese market. "We are...

Apple may discard its online music store iTunes Store. The complete closure of the service is supposedly scheduled for 2019. The reason for this is a sharp decline in downloads of songs and albums, as users are gradually moving to the streaming model of content consumption. Several newspapers, referring to anonymous sources, reported about Apple's imminent plans to close its iTunes Store music...

British oil company BP announced buying a 43% stake in Lightsource, a company that works in the solar energy sector, for $ 200 million, thus celebrating its return to the solar energy market. Two decades ago, BP intended to go beyond the oil market, planning to spend $ 8 billion over a decade on renewable energy technologies. The company was even going to connect its gas stations to solar energy...