Following the IPO of the Chinese restaurant chain Haidilao, there was another long-awaited event on the Hong Kong Stock Exchange - the initial public offering of shares of the investment bank China Renaissance, CNBC reported. It was expected that the bank would raise about $ 346 million when...

Rupert Murdoch media magnate’s company 21st Century Fox agreed to sell its 39% stake in the British television operator Sky Plc to American Comcast. Thus, Comcast, which won an auction for the right to purchase a controlling stake in Sky in the last weekend, has become closer to obtaining full...

Handelsblatt reports that the likely scenario was discussed at a meeting of the bank's supervisory board. Deutsche Bank itself called the report a "fiction". Yet, the market is rumoring that Deutsche Bank is considering merger options, seeking to compensate for losses that the credit organization...

In a surprise, the co-founders of Instagram announced their intention to resign form the company that they had founded but offered no explanation about the reason of their departure.   According to a statement issued by the social media platform’s Chief Executive Kevin Systrom issued late on...

American financial holding JP Morgan reported that more than 75 banks have joined its Interbank Information Network (IIN) based on the Quorum blockchain. JPMorgan is among the few banks that are trying to make blockchain mainstream technology of the financial sector. According to the Financial...

The Ministry of Finance of Belgium informed people about the deficit of coins worth one and two euro cents. The Belgian state earlier refused to coin copper coins of this denomination because of the high cost of the process. "People should use their coins for their intended purpose; keeping them...

Salesforce.com would be helped by Apple Inc to imbibe more of the features of Apple such as its Siri voice assistant into the mobile apps of Salesforce according to a proposed partnership between the two companies. The apps of Salesforce are used widely by the sales and marketing firms.   On...

Signals from oil cartel Opec that there would not be any immediate increase in production and a general tightening of the oil market resulted in the price of Brent crude reaching a high since November 2014 at $80 a barrel on Monday.   There were some enthusiastic investors and traders...

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...