A French court is considering the possibility of re-investigating the case of Danske Bank A/S, the largest bank in Denmark, about money laundering through its Estonian unit. As stated in a press release from Danske Bank, in January of this year, it received a call for questioning by a judge of the Paris Tribunal in order to discuss the current state of affairs. About a year ago, the French...

Larry Ellison, one of the founders of Oracle Corp., unveiled data on investments in Tesla Inc. He stated that he owns 3 million shares of the American manufacturer of electric vehicles, estimated at $ 1 billion. Thus, Ellison owns a 1.75% stake in Tesla, and he ranks second among the largest individual investors of the company after its founder Elon Musk (owns about 20% of Tesla). Ellison owns...

Board of Directors of Chinese online retailer JD.com Inc. approved the company's share buyback program for up to $ 1 billion. The buyback is planned to be funded by free cash that is available on the company's balance sheet. ADR JD.com during pre-bidding in New York on Wednesday went up by 2.9%. Meanwhile, since the beginning of this year, their price fell by 52.3%, while the American Standard...

Shell, an energy company that earlier promised to invest $ 1–2 billion a year in green energy, announced plans to increase this amount to $ 4 billion. Head of the gas and new energy division, Maarten Wetselaar, said this, also telling about Shell’s plans to more actively enter the electricity market. Maarten Wetselaar, head of the gas and new energy division of the British-Netherlands energy...

Chinese technology giant Huawei Technologies announced that in 2018 it supplied more than 200 million smartphones — more than ever before — despite pressure from the United States and other countries, The Washington Post reports. Huawei, the world's second-largest smartphone maker, said its phone shipments grew by more than 30% over last year. The record deliveries are largely due to the high...

The famous FAANG stocks are gradually losing their former strength, while the first and third members of the group are taking the hardest blows. Facebook and Netflix have fallen by 34% and 36%, respectively, since they hit record highs this summer. Nevertheless, both giants of the high-tech sector still occupy a leading position in their respective industries. Facebook is still the leading...

The Chinese metallurgical conglomerate Hesteel Group will invest $ 4.4 billion in the Philippines to create a joint venture, reports The Paper. The second largest steelmaking company in China plans to set up a joint venture with Steel Asia Manufacturing Corporation, which combines iron, steel, steel rolling and deep processing. The construction of a plant in the city of Cagayan de Oro on the...

The current year has brought quite a few large primary placements, but the next one promises to be fruitful in this regard. Now investors are most interested in what companies have the best chances to become the favorites of the market. Among the most anticipated are IPOs of Uber Technologies Inc. and Lyft Inc. The rival companies engaged in similar activities will compete to receive money from...

Anglo-Australian mining giant BHP Billiton Ltd announced completion of a $ 5.2 billion OTC repurchase of shares. On November 1, 2018, the company announced plans to return $ 10.4 billion to its shareholders via buy back and pay special dividends. As a result, the mining giant bought out about $ 265.8 million shares (8.3% of the share capital of BHP Group Limited) for $ 5.2 billion. The buyback...