Saudi Oil Corporation Saudi Aramco hired US investment bank Moelis & Co. as a consultant for initial public offering of its shares. Amount of the transaction and the amount of Moelis & Co’s remuneration are not specified, yet, according to some estimates, the sum will be record for any IPO...

Silicon Valley “has no choice but to fight”. Robert Cyran reports that Silicon Valley is putting up a fight to sustain its immigration based life. As of now, more than hundred tech firms, like “Google, Facebook and Apple”, have joined arms in the battle against the U.S. President’s executive ban on...

If media sources are to be believed, a controversial Dodd-Frank rule that requires companies to disclose whether their products contain "conflict minerals" from a war-torn part of Africa is to be targeted by U.S. President Donald Trump through the issuing of an executive order.   If it is in...

2016 turned out to be particularly successful for Bitcoin - the cryptocurrency has even been named the best asset. However, the beginning of 2017 looks like a roller coaster: first, there was an increase of 20%, then a sharp drop of 35%, and bounce back. What will happen to Bitcoins in next 11...

The global oil markets gains were caped and pulled down by further signs of growing U.S. production even as the prices across various markets edged up on Monday on fears that new U.S. sanctions against Iran could be extended to affect crude supplies.   Very recently, the U.S. President...

Noting the lowest price that has been paid to date for the Pentagon's most expensive program, for 90 F-35 jets, the Department of Defense and Lockheed Martin Corp announced on Friday of an agreement worth about $8.5 billion.   Marking a total savings of $728 million when compared to $102...

Some of the chief executives of major U.S. companies expressed concern about a travel ban on people from seven Muslim-majority countries traveling to the United States as they huddled with President Donald Trump at the White House.   Bank rules, tax reform, and objections to Trump's week-old...

In what is considered to be the latest global firm to consider a response to criticism about imports from new U.S. President Donald Trump, Samsung Electronics may build a U.S. plant for its home appliances business, reported the media quoting a person familiar with the matter.   The...

In order to lobby against any major changes to visa regulations that could hurt the country's $150 billion industry, Indian IT sector leaders will meet both U.S. lawmakers and officials from U.S. President Donald Trump's administration later this month.   While it is certain that the chief...