Companies & CEOs

Elon Musk stirred up the whole world of investment banking services with his message on Twitter about the possible transfer of Tesla to the category of private companies.

The French oil and gas company Total stopped operating in Iran, Iranian Oil Minister Namdar Zangeneh said.

Chinese Lenovo Group Ltd, one of the world's largest PC manufacturers, has returned to a profitable level in the first financial quarter against the backdrop of an increase in profitability…

In the II quarter, Chinese tech giant Tencent Holdings Ltd recorded a drop in net profit for the first time in almost 13 years due to weaker performance in the…

British Petroleum Corporation hopes for a second chance in the shale oil market in the United States and has already bought oil and gas fields from BHP Billiton for $…

The American company Monsanto, previously acquired by the German Bayer for $ 66 billion, lost a case in the San Francisco District Court. The company will be liable to pay…

Despite the scandal, the financial affairs of the trading giant reached a climax thanks to the rise in prices for commodities.

Japanese authorities concluded that three Japanese companies - Mazda, Suzuki and Yamaha - improperly conducted exhausts and fuel economy checks of cars and motorcycles. Earlier, some more local automakers, including…

Head of Tesla Inc. Elon Musk said that he is considering selling the company to private investors.

Washington’s new sanctions put Iran's economy "on the brink of survival," said the American economist Steve Hanke on Monday, August 6, in an interview with the German neespaper Die Welt.…

European companies producing industrial goods began to feel negative consequences because of the US trade conflict with China and other countries, reports Reuters.

The US manufacturer of electric vehicles and solar panels Tesla Inc completed the quarter with a record loss once again, but its revenue exceeded forecasts, and the founder and head…

President of Iran has been summoned to the country's parliament. MPs gave Hassan Rouhani a month to prepare a report on the economic situation in the country. In particular, they…

The Swiss bank Credit Suisse Group AG increased its net profit in the second quarter of 2018 more than twice thanks to higher revenues.

The company's profit decreased for the first time in 7 quarters. However, the South Korean company is still optimistic and hopes for stability in the production of semiconductors.

Head of the largest Swiss watch-manufacturing group owned by the Hayek family, Swatch Group CEO Nick Hayek said that he intends to withdraw all watch and jewelry brands from the…

A 20-percent stake in 50 Hertz, which was put up for sale, will be acquired by the German state bank KfW. The government of the Federal Republic of Germany explained…

Facebook’s shares fell by 24% after publication of regular financial statements. This even indicates that investors are waiting for the company to have uniquely successful results. Facebook’s revenue grew 42%…

The largest Chinese payment systems Alipay (belongs to Alibaba Group) and Tenpay (owned by Tencent holding company) are fined $ 90,000 each for violations of the rules for controlling foreign…

Shares of American Alphabet Inc. rose to a record high in the course of trading after the main session on Monday, as the company's profit for the II quarter exceeded…

Huawei is the third largest smartphone manufacturer. By 2021, the company wants to become the market leader, ahead of Apple and Samsung. There are grounds to hope for such a…

Net profit of the Swedish automaker Volvo increased by 43% to 15.18 billion Swedish kronor (about $ 1.711 billion) in the first half of 2018, according to the automaker.

Boeing proved to be more optimistic than Airbus in forecasting the demand for planes until 2037. The American company expects that 42.7 thousand new aircraft worth $ 6.3 trillion will…

Anglo-Australian mining company Rio Tinto said that its supplies of iron ore from Australia in the II quarter increased by 14%. This is reported by Reuters.

The European manufacturer is working on a major agreement with two Asian air carriers: AirAsia and StarLux Airlines. The result of negotiations can be transactions totaling $ 29 billion.

Consulting company BCG has presented the jubilee, twentieth issue of its Value Creators Report, in which companies are ranked based on the aggregate shareholder income for the previous five years…

German Allianz is one of the main insurers of the FIFA World Cup. Yet, the company missed an excellent opportunity to earn on the national team’s fail at the World…

The EU antitrust regulator has promised to impose a fine in the amount of several billion euro on Google. The watchdog believes that the search giant is promoting its services…

Benchmark crude oil rose in price on Tuesday, while the growth rate of Brent prices increased against the backdrop of a strike of oil workers in the North Sea. The…

The world's largest brands have lately been increasingly complaining that it is very difficult to convince young consumers to remain faithful to one brand.

PayPal Holdings Inc is looking for new acquisition options after the recent takeover of iZettle, which became the largest deal in the history of the American payment company, Reuters reports.

The EU authorities are planning to organize international negotiations with the world's largest automakers to develop a compromise plan that would help prevent introduction of strict import duties on cars…

The Norwegian Equinor (ex-Statoil) and the country’s government agreed on development of new deposits at the Troll gas field, which is now Europe's largest. The $ 1 billion project should…

The audit company PwC is obliged to pay compensation in the amount of $ 625.5 million in connection with the bankruptcy of Colonial Bank from Alabama in 2009, according to…

German Thyssenkrupp and Indian Tata Steel Ltd. reached a final agreement on establishment of a European steel company, in which they will own equal shares, reports Bloomberg.

It’s been less than 4 days after the introduction of the EU response fees, but the famous motorcycle manufacturer announced transfer of part of its US-based production abroad. The US…

The German carmaker BMW needs specific information about the plans of the UK to leave the European Union. "If we do not have clarity in the next few months, then…

The American division of Deutsche Bank AG failed the second part of the annual stress tests of the US Federal Reserve because of the "widespread and critical shortcomings" in controlling…

The volume of M&A deals concluded in the world in the first half of 2018 reached $ 2.5 trillion. This is a record high for this period. The data underscore…

Having promised to find out where and how developers of third-party applications accessed users' data in 2007-2015, Facebook still cannot report on the results of this work. As it turned…

Instagram now supports videos more than an hour. Will the service be able to attract users who are accustomed to YouTube in the struggle for the multibillion-dollar video advertising market?

The manufacturer of electric vehicles Tesla Inc. will partially curtail its business of selling and installing solar panels, which was bought two years ago. This is reported by Reuters with…

Shares of the American conglomerate General Electric (GE), capitalization of which was the largest on the US and world market company at the beginning of this century, will be removed…

ExxonMobil Corp, the largest gas supplier in southeastern Australia, is considering a possibility of opening of LNG (liquefied natural gas) import to overcome the impending shortage of gas from 2021…

The US Justice Department said that it will not appeal against the court decision, which authorizes the merger of the telephone giant AT&T and cable corporation Time Warner. After that,…

SoftBank and the Government of India are expected to enter into an official agreement shortly after final agreements have been reached.

Japanese Toyota Motor Corp agreed to invest $ 1 billion in the Singapore online taxi order service Grab as the lead investor in the current round of financing the company,…

The number of defaults on corporate bonds in China is expected to reach a new high in 2018 amid tightening of measures within the framework of Beijing's debt reduction program.…

International taxi and logistics service Gett closed another $ 80 million investment round from Access Industries, Baring Vostok, MCI and Volkswagen Group. The company expects to become profitable in the…

While Netflix is developing its own film production in order to attract a loyal audience, viewers still believe that Netflix content is inferior to releases from most major film studios,…