Companies & CEOs

Japanese automaker Nissan Motor Co. abandoned plans for production of SUVs X-Trail at a factory in the UK, pointing out at uncertainty around Brexit, Bloomberg reports.

Chinese Internet giant Alibaba Group Hodling Ltd has significantly increased its net profit and revenue in the third fiscal quarter. The company’s profits exceeded forecasts, but revenues did not meet…

The French gift box leader is pursuing its expansion, with a new strategy of its own. After years of organic development, Wonderbox has been acquiring competitors in Europe to fuel…

Intel’s revenue grew by 9% to $ 18.7 billion in the fourth quarter due to the growing demand for chips from companies providing cloud services and personal computers, but it…

The European Commission named the 100 companies that invest the most in R&D activities.

UBS AG, the largest bank in Switzerland, received a net profit of $ 696 million in the fourth quarter of 2018, compared with a loss of $ 2.42 billion a…

Almost 30% of business executives believe that there will be a slowdown in global economic growth over the next 12 months. This opinion is held by almost six times more…

IMDb website announced launch of its streaming service. TV shows, IMDb videos and Hollywood movies are now available to Freedive users from the United States.

Apple will hire less employees due to low sales of the iPhone, reports Bloomberg, citing sources familiar with the situation.

The US federal prosecutor's office is conducting a criminal investigation against the Chinese Huawei Technologies Co. on suspicion of stealing commercial secrets from US business partners, including mobile operator T-Mobile…

In January 2019, Microsoft signed another contract with the US Department of Defense. This time it is about providing the Pentagon with corporate services for five years (until January 10,…

Divorce of the richest couple in the world is not an event that investors can miss. Can the already highly acclaimed split ultimately affect shares of the e-commerce giant, which…

Payment companies Visa and MasterCard applied for a license to work in China as early as mid-2017. However, as sources of the Financial Times (FT) say, they have not yet…

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.

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…

Board of Directors of Chinese online retailer JD.com Inc. approved the company's share buyback program for up to $ 1 billion.

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…

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…

The famous FAANG stocks are gradually losing their former strength, while the first and third members of the group are taking the hardest blows.

The Chinese metallurgical conglomerate Hesteel Group will invest $ 4.4 billion in the Philippines to create a joint venture, reports The Paper.

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…

Anglo-Australian mining giant BHP Billiton Ltd announced completion of a $ 5.2 billion OTC repurchase of shares.

French luxury goods manufacturer LVMH Moet Hennessy Louis Vuitton SE reached an agreement to acquire the operator of hotels Belmond Ltd for $ 2.6 billion ($ 3.2 billion including debt).

Despite vivid media headlines about strengthening the US economy, increasing demand for labor, tax cuts and growing incomes of American corporations, 2018 as a whole was a failure for the…

Tone of economic news makes it possible to predict state of stock markets more accurately than traditional volatility indices, found the International Monetary Fund study. At the same time, global…

The Chinese company has priced its own shares at the bottom of the pre-range.

Founder of Huawei, Ren Zhengfei, built an outstanding career in the People’s Liberation Army of the PRC before creating the telecommunications giant, writes Asia Times.

The Chinese court banned sale of old versions of the iPhone, including the iPhone X.

ALM Intelligence presented another research of the consulting services market. The company's analysts identified ten market leaders, including PwC, BCG, Deloitte, KPMG, McKinsey, EY. Consulting companies rated quality of organization…

Investor concerns about prospects for a recession in the developed world are increasing. However, many economic models do not indicate likelihood of such a development.

While Apple and Qualcomm are fighting for patents, the Chinese chip maker claims that all manufacturers of smartphones on the Android platform will be able to make flagship 5G devices…

Chinese telecommunications equipment manufacturer Huawei Technologies Co., which is under serious pressure from the US authorities, is losing part of its business in the UK, The Wall Street Journal newspaper…

International consumer goods manufacturer Unilever has signed an agreement with one of the world's largest pharmaceutical companies, the British GlaxoSmithKline (GSK). Unilever is going to buy GSK’s assets for the…

The S&P 500 Utilities sector showed the best results during the fall of the market. This is not surprising: traditionally, the utility sector becomes a “safe haven” in times of…

Bayer AG plans to cut 12 thousand jobs and leave the business of producing veterinary drugs, reports Bloomberg.

Apple, whose financial performance is not pleasing investors, faced another problem: the trade war with China caused the price for iPhone to rise by 10%. At the same time, the…

The American chip maker Qualcomm Inc has created a $ 100 million fund to invest in startups working on artificial intelligence technologies, reports Reuters.

Last week, the Emirates sovereign fund IPIC and its subsidiary Aabar Investments sued one of the world's largest investment banks, Goldman Sachs. The latter is suspected in corruption and bribing.

For many years, two giants - Facebook and Google – have been ruling the American digital advertising market. Now they account for 61% of the cost of advertising companies in…

The largest US automaker General Motors Co. (GM) is planning to reduce the number of employees in North America by 15%, including reducing the number of managers by 25%, the…

CNPC, the Chinese state-owned oil and gas company, has replaced Total, the French energy giant, in the South Pars Iranian multi-billion gas project. This was stated by Iranian Oil Minister…

A consortium led by BP, a British oil and gas company, began production at the Clair Ridge project's giant oil field on the British shelf of the North Sea.

Arrest of the chairman of the board of directors Carlos Ghosn questioned the future of the alliance between Nissan and its French partner Renault.

Business will allocate funds to solve problems of health, education and civil infrastructure in regions experiencing a "shale boom."

Bank of China plans to invest up to 10 billion yuan ($ 1.44 billion) to launch a capital management subsidiary, reports The Paper.

The net loss of Uber Technologies taxi service increased in Q3 by 20% qoq to $ 1.07 billion, reports The Wall Street Journal, citing the company's financial report.

Other large Western banks could be involved in capital transfer and money laundering schemes.

The subsidiary of the company specializing in real estate services is expanding its presence throughout the world, from Italy to Japan and the Middle East.

American companies have increased prices of many products, from air tickets and paints to food. They rely on the fact that consumers can afford to pay more, and they charge…

Chinese company Alibaba Group Holdings Ltd. set a new sales record on the tenth anniversary of the sale on the occasion of the Day of Bachelors, which is celebrated in…