No clarity has been offered by Exxon Mobil and a seismic research company that had been hired by it for searching for oil off the coast of Guyana on Monday following halting of the work after a confrontation with the navy of Venezuela during the weekend. The oil major declined to confirm the...

National Commercial Bank (NCB), the largest bank in Saudi Arabia, has begun merger talks with Riyad Bank, reports Bloomberg. As a result of the transaction, the third largest bank in the Gulf countries with assets of 685 billion riyals ($ 183 billion) can be created. Negotiations are at an early...

Each year brings a new series of problems for business. And although no one can say with certainty what exactly the coming year will be, Bloomberg Intelligence analysts, tracking more than 1,900 companies in various industries, including energy, technology, retail and finance, have compiled a list...

In case there is any delay in the delivery of electric vehicles to customers manufactured by the US electric vehicles make Tesla and if such a delay results in the customers missing out on a significant tax credit by the US government, the car maker would compensate and reimburse the customers,...

Royal Bank of Scotland has applied for a banking license in Germany to maintain access to European markets after the UK exits the European Union, the Financial Times reported. The bank plans to replace its existing branch in Frankfurt with a new division with a license. RBS has already received a...

Toshiba Memory Corp. is preparing to go public in three years time and even as the company does so, its chief executive told the media that the company has no immediate plans to sell off its 40.2 per cent stake in the memory chip company. This business unit is the second largest manufacturer of...

Business segments in addition to tobacco are now the focus of the America's preeminent cigarette company Altria for growth.   It has been reported that the company is contemplating the acquisition of a huge stake in e-cigarette maker Juul following its huge investment of $1.8 billion in...

Alibaba and Softbank invest in Indonesian e-commerce Tokopedia with the growing interest in the said market. Tokopedia is an e-commerce company of Indonesia which has manage to secure “$1.1 billion” during its latest round for funding. At the helm of this initiative was the giant e-commerce of...

The global delivery package company FedEx Corp announced a steeper-than-expected reduction in its profit forecast warning for 2019 which apparently jolted investors resulting in the company losing out nearly 8 per cent of its share value. The reason for the negative forecast, according to the...