After reports emerged about HSBC, Standard Chartered Hong Kong and some other banks were engaged in moving large sums of money that had allegedly been illegally amassed over a period of almost two decades without any alerts being sounded about the origins of the money, shares of HSBC and Standard...

Even though during the weekend, Oracle Corp and Walmart Inc said that they, along with the other United States based investors of ByteDance will own the majority of the short video sharing app TikTok after a deal was struck the US President Donald Trump’s administration, the Chinese owner of the...

Firms related to the DPRK have legalized more than $ 174.8 million through US banks, bypassing sanctions, NBC News reported, citing bank documents. The documents reviewed by the channel are part of the dossier of BuzzFeed News, which received over two thousand confidential "suspicious transaction...

Novartis’ bond sale raises “1.85 billion” euro to expand malaria and leprosy treatment. Novartis sold a bond for “1.85 billion euros” while the interest payments on the same could shoot up if the drug manufacturer does not manage to spread “medicines and programmes” accessibility for “malaria and...

Starting this Sunday, Americans will no longer be able to down load the Chinese short video sharing app TikTok and the Chinese messaging app WeChat.    According to an order issued by the United States Commerce Department on Friday, no one in the country will be allowed to download the...

Signals of an uptick in mergers among Europe’s banks even as they struggle from the impact of the novel coronavirus pandemic re available with the agreement of Bankia being acquired by Caixabank for 4.3 billion euros ($5.1 billion) in an all-share deal which will result in the creation of the...

Travel company Thomas Cook, which went bankrupt last year, resumed operations as an online travel service. The service started working on Wednesday, and now tourists can book tours to destinations that are not subject to any prohibitions or restrictions in the UK in the face of a pandemic,...

Kraft Heinz, one of the world's largest food manufacturers, plans to cut costs by $ 2 billion over the next five years, CEO Miguel Patricio told The Wall Street Journal. The funds saved will be used to stimulate sales of some brands. Marketing spending in general will increase by 30%. "In the...

The portfolio of the drugs and treatments for cancer of Gilead Sciences Inc will be boosted by the decision of the company to acquire biopharmaceutical firm Immunomedics Inc in a deal that is worth $21 billion. The deal would give Gilead direct access to a promising drug. This was announced by the...