An attempt has been made by Walmart to target Chinese shopping clients. Reuters reported that Walmart Stores Inc. is set to make an investment of “$50 million” in New Data, the latter being the online “grocery and delivery firm” based out of China and a “joint venture” which is partly owned by...

Mitsubishi Motors Corporation (MMC) announced joining Renault-Nissan alliance as Nissan closed acquisition of 34% of its shares. As a result of the transaction, total value of which amounted to ¥ 237 billion ($ 2.283 billion), Nissan became the largest shareholder of MMC. Under the deal, Head of...

According to a newspaper published by China’s central bank, the country’s currency regulator bust underground banking operations that involved more than 1 trillion yuan ($148 billion), as a part of China’s campaign to crack down on illegal capital outflows.   The Financial News reported...

The shares of Apple Inc supplier Laird Plc were shot down by as much as 50 percent after the company cited a slowdown in smartphone sales and "unprecedented" pricing pressure.   The company said that these factors would lead to it posting a sharply lower profit for the year as expected by...

US authorities have fined British auditing and consulting corporation EY (Ernst & Young) for systematic errors during audit of oilfield services company Weatherford International. The latter artificially inflated its financial performance. US Securities and Exchange Commission (SEC) fined EY $...

Intel's net profit in the III quarter has grown by 9% to $ 3.4 billion. Revenue increased by 9% to $ 15.8 billion, the company’s report said. Analysts polled by FactSet were expecting revenue of $ 15.6 billion. Adjustments in the one-off articles, Intel’s net profit in the last quarter numbered $...

Market capitalization of Chinese microblogging service Sina Weibo for the first time overtook indicators of its US rival Twitter. During Monday trading on NASDAQ, Weibo capitalization reached $ 11.32 billion, while Twitter’s figure was $ 11.22 billion. At the end of the trading day on the New York...

Netflix Inc has kept U.S. customers despite a price hike and as original shows such as "Stranger Things" drew new international viewers, the company’s shares soared 20 percent in late trade as it added over 50 percent more subscribers than expected in the third quarter.   A two-quarter trend...

According to court papers filed on Monday, allegations that Deutsche Bank AG had illegally conspired with other banks to fix silver prices at the expense of investors would be settled by a payment of $38 million to settle the U.S. litigation.   In a number of recent lawsuits investors have...