At first, bitcoin was a technology for making payments without intermediaries. Now, when the first crypto currency holds more than $ 100 billion, banks are discussing how to take advantage of this. The largest investment bank Goldman Sachs adheres to the position that the crypto currency can be...

Altice’s CFO has termed the deal as one which will not only reduce the cost of its interest payable but also lengthen its debt maturity, thus giving it more leverage. p { margin-bottom: 0.25cm; direction: ltr; color: rgb(0, 0, 10); line-height: 120%; text-align: left; }p.western { font-family:...

Switch Inc. attracted $ 531 million during the initial public offering. The deal has become the third largest IPO in the technology sector in 2017 in the US, writes Bloomberg. Switch, which provides cloud and telecommunications services, sold 31.25 million shares at a price of $ 17 per share, which...

While exploring the refinancing of its debt, Glencore is also looking for ways to get out of this expensive project. p { margin-bottom: 0.25cm; direction: ltr; color: rgb(0, 0, 10); line-height: 120%; text-align: left; }p.western { font-family: "Calibri",serif; font-size: 11pt; }p.cjk {...

In a that is being labeled as “regrettable” by Dublin, Ireland is being taken to the European Court of Justice for its failure to recover up to 13 billion euros ($15.3 billion) of tax due from Apple Inc by the European Commission.   Citing one of a number of deals the EU has targeted between...

Germany supported the idea of creating a European consortium for the production of lithium-ion batteries. Representatives of German industrial and automotive concerns, including BASF and BMW, are invited to a meeting with the European Commission Vice-President for Energy. It will be held on October...

In what is the latest U.S. tech company to be caught up in a European Union crackdown on unfair tax deals, Amazon was told to pay about 250 million euros ($295 million) in back taxes to Luxembourg.   The fine is only a fraction of the 13 billion euros that Apple Inc was ordered to pay to...

Toshiba announced acquisition of an additional number of shares of bankrupt company Westinghouse Electric, because of which the Japanese conglomerate suffered huge losses. The National Atomic Company of Kazakhstan Kazatomprom will sell a 10% stake in Westinghouse Electric for 59 billion yen ($ 522...

Slightly relaxing an earlier plan to launch the rules from next year that had left global automakers worried about being able to comply, China has set a deadline of 2019 to impose tough new sales targets for electric plug-in and hybrids vehicles.   China’s industry ministry said in a...