Following announcement by Apple of holiday-quarter revenue shortfall because of weak China demand, the shares of the company dropped by as much as 10 per cent on Thursday. The announcement by the iPhone maker spooked many investors raising concerns about the larger slowing of global growth...

The German bank’s new chief executive is taking control of the scenario to deliver on positive results, informs the chairman. The chairman of Deutsche Bank, Paul Achleitner, ruled out the requirement of seeking state help and put the speculations down of the German bank making loss to opt for...

According to an announcement made by Iowa Attorney General Tom Miller, settlement of the allegations against the US banker Wells Fargo that it had violated the consumer protection laws of the state would be made by the bank against a payment of $575 million. This settlement is a part of...

The Pentagon confirmed the news about the names of the recipient who was awarded the recent defence deal. In a short note, Reuters reported the news of Boeing Co bagging another defence contract. The report said that the company has cracked a “U.S. defence contract” worth four hundred million...

The FICC may not find as much patience with Goldman if it fails to match its “cost of capital”. The three months period between the “winter solstice in the northern hemisphere” and the spring equinox could be an uncertain time for the Goldman Sachs’ bankers causing trepidation.   The review...

Grave concerns about the issue of the Chinese telecom equipment manufacturing company Huawei supplying technological equipment for the planned 5G telecoms networks in the United Kingdom was expressed by the British Defence Secretary Gavin Williamson, said a report published in the Times newspaper...

Brazilian authorities have denied French Total to issue a license to drill exploration wells at the mouth of the Amazon, reports EFE, citing a statement from the Brazilian Institute for Environmental Protection and Renewable Natural Resources (Ibama). “Total could not provide convincing evidence...

Resting its confidence on fast growth tin global demand for electric vehicle batteries, South Korea's SK Innovation, which supplies batteries to auto makers like Daimler and Volkswagen, plans to double its total production capacity by more than tenfold by 2022.   According to a senior...

U.S. companies are being contemplated of being barred from using telecommunications equipment made by China’s Huawei and ZTE by President Donald Trump, according to a Reuters report.   The report based on government sources, further states that Trump is considering passing an executive order...