Swiss bank Credit Suisse recorded an annual loss for the third consecutive year and reported write-offs in the fourth quarter of 2017 in connection with the tax reform in the US, CNBC reported. The net loss of the bank in 2017 was 983 million Swiss francs ($ 1.05 billion). Credit Suisse reported...

Sales of the BMW Group increased in January by 3.8%, which was facilitated by the appearance of new and updated old car models. Bavarian automaker Bayerische Motoren Werke said that sales in January rose to 169538 vehicles, as the brand's sales rose 3.4% to 148400 vehicles. The increase in sales...

Given the forecast that there would be a very significant growth in the shipping industry in India, DP World, a port operator based in Dubai is anticipating to play a large part and is seeking ways and means to get involved in the shoring up of the logistics and transport infrastructure there....

Last December, Amazon announced purchase of Blink company. It specializes in the development of wireless surveillance cameras and smart doorbells, through which home owners can see in real time who is at their door using their smartphones. The financial terms of the deal were not disclosed, but...

The already tarnished image of the big banks of Australia may take another hit just before an inquiry into their businesses because they are set to cut jobs and other costs as they react to a revenue crunch.   Cost curtailment has been go-to method for the so-called Australia’s Big Four...

Warnings of the consequences of a bad Brexit deal on the Japanese companies was issued by the Ambassador of Japan to the United Kingdom - Koji Tsuruoka, to the British Prime Minister Theresa May in London on Thursday.   In case of a bad Brexit deal impacting the profits of the Japanese...

In what is the latest action by a regulatory body against the most popular search engine of the world, a fine of 1.36 billion rupees ($21.17 million) has bene imposed on Google by the antitrust watchdog of India on Thursday allegedly for the company violating and misusing its dominant position in...

The Financial Services Agency of Japan (FSA) plans to check 32 local crypto-exchange exchanges. In particular, the exchanges will be checked to ensure the safety of users' funds, reports Reuters. The financial regulator will check the activity of crypto-instruments for compliance with 43...

Even while Tesla announced its biggest ever quarterly loss a day later, there has been no let up in the efforts of its founder and tech billionaire Elon Musk to foray into the space exploration segment.   A day before the latest financial reports were released by Tesla, an electric car...