South Korean SK Hynix and Japanese Mitsubishi Electric, Toshiba Machine Co. and Komatsu began to plan transfer of production back in July, when they were hit by the first duties, and now these plans are being implemented, representatives of companies and other sources familiar with the situation...

Wall Street is convinced that Tesla needs additional funds. Earlier, analysts at Morgan Stanley said that the company could raise $ 2.5 billion this year, as it increased production and was preparing to pay debts. However, Elon Musk will need more, and analysts agree that Tesla will be able to...

The very controversial decision by sport equipment maker Nike to make use of controversial sports personality of Colin Kaepernick in an ad campaign recently, that drew very sharp criticisms form people – which also included United States President Donald Trump, apparently appears to have been very...

Adobe Systems Inc. is set to acquire software maker Marketo Inc. in  a deal that has been reported to be worth $4.75 billion. This deal is expected to enhance the effectiveness of its marketing tools which would then enable Adobe to give a tough fight to Salesforce.com Inc. and Oracle...

The Chinese Commerce Ministry said on Thursday that more sincerity should be shown by the United States and thereby take corrective measures. This statement came after both the countries slapped fresh trade tariffs earlier in the week.   The US imposed fresh tariffs on $200 billion of...

The question of who would ultimately takeover Sky would be decided by a sealed bids auction if there is no case of best-and-final offer from any of the parties till the end of te current week.   US entertainment giants Comcast and Twenty-First Century Fox have been fighting out hard against...

A plan by Unilever to discard its dual British-Dutch structure would be voted against by a major UK shareholder of the FTSE 100 company.  It is also urging other shareholders to do so.   The plan by Unilever to shift its only headquarters in Rotterdam and incorporate as a single company...

Japanese investment firm SoftBank is now focusing on development of the companies that it has invested in the Middle East. There are a number of companies in the region that the firm has invested in through its $100 billion Vision Fund which had been created specifically for the region.  ...

Chinese payment giant China UnionPay decided to begin expansion into the EU market. In October, the company will start issuing bank cards in the UK, and by the end of the year it will also enter the markets of other European countries. This decision was UnionPay’s response to growing competition in...