Apple Inc had joined hands with Alibaba in China to offer interest free loans to customers to purchase iPhones as a strategy of the US tech giant to boost up its dropping sale in the Chinese market – one of the largest and most critical overseas markets for the company.   Apple has tied up...

Consulting agency Brand Finance published a ranking of the most expensive banking brands in the world. Experts analyzed the 500 most expensive and strongest banking brands in the world. It is noted that the total value of Chinese banking brands exceeded the value of American brands by more than $...

Hopes for a possible trade deal between the United States and China, as well as strong financial performance of companies in the fourth quarter, led to an influx of money into the industrial goods and basic materials sectors in the first six weeks of 2019. During the same period, shares of...

Saudi Aramco is holding negotiations with the Indian conglomerate Reliance Industries for possible investments, said the Saudi company’s chief executive officer, Amin Nassar, on Wednesday. The company is also looking at some other possible areas to invest in India, Nassar said.   An...

The net profit of the commodity trader Glencore (Switzerland) in 2018 decreased 1.7 times to $ 3.4 billion, the company said. Simultaneously, the trader announced repurchase of shares. The profit declined mainly due to non-cash impairments in Mutande and Mopani totaling $ 1.4 billion, compared with...

Despite Washington’s warnings about the threat from the Chinese company Huawei, Berlin is going to allow it to create a 5G network in the territory of Germany. Next week, Barcelona will host MWC Barcelona, an international conference of representatives of the mobile industry. According to experts,...

It is unlikely that the strongest action of an outright ban on the Chinese telecommunication equipment giant Huawei in the United Kingdom would be imposed which was hinted at by the head of the Britain’s foreign-intelligence agency. While talking to the media, he reportedly said that class for an...

The accounts of the Venezuelan state owned oil firm PDVSA has been frozen by the Russian bank Gazprombank and all of the transactions with the Venezuelan company has been halted by the bank so as to avoid being implicated by the US for violating American sanctions on the South American country,...

After an unsuccessful attempt to enter the US market in 2017, the financial division of Alibaba Group focused its efforts on finding a partner in the European market. And eventually it succeeded: the company announced an agreement on the purchase of the British payment service WorldFirst. In a...