Apple is considering a possibility to invest up to $ 1 billion in SoftBank Vision Fund, belongs to Japanese telecommunications company SoftBank, as reported by The Wall Street Journal, citing a source close to the situation. Results of the negotiations are not yet known, but such a deal could...

Directors of Alphabet, Apple, Microsoft, Facebook, Intel, Cisco, IBM and Oracle have been invited to a meeting with Donald Trump in the Trump Tower in New York City on Wednesday, December 14, according to Recode, citing sources. The publication notes that the meeting with US President-elect will...

Italy is ready to inject funds into Monte dei Paschi di Siena, if the problem bank fails to obtain the necessary capital from investors, said a source in the country’s treasury on Monday. In 2016, the third-largest Italian bank has been trying to attract 5 billion euros ($ 5.3 billion) despite...

Apple topped Bloomberg’s ranking of the largest US corporations that manage to optimize payment of taxes in the United States with the maximum yield. The scheme involves purchase of US government debt instead of capital repatriation and profit tax of 35%. Apple and other US corporations use a...

Just a year ago, Ivan Glasenberg, Head of Glencore Plc, tried to save his company from the "bears". Now, we see his triumphant return. He once again confirms his reputation with deals, which redraw the global raw materials market. Glencore and Qatar sovereign fund jointly acquired a package of...

For the alleged participation in a cartel to manipulate the price of the Euribor financial benchmark, the European Commission has fined Credit Agricole, HSBC and JPMorgan Chase) a total of 485 million euros ($520 million).   The Euribor interest rate which was set using quotes submitted by a...

For the role that Pfizer played in ramping up the cost of an epilepsy drug by as much as 2,600 percent, the company has been slapped with a record 84.2 million pounds ($107 million) by Britain's competition watchdog.   Following a dramatic price hike in 2012, a fine of 5.2 million pounds was...

A new competition with supermarket chains was sparked off as Amazon.com Inc opened a brick-and-mortar grocery store in Seattle without lines or checkout counters, the online retail giant announced on Tuesday.   A bill is sent directly to the shoppers’ Amazon accounts if they do not replace...

Noting the lowest growth rate that has been recorded since the 2008-09 global financial meltdown, a slowing global ad spending in 2017 is likely continue due to the economic and political uncertainty that has characterized 2016 which saw a slowdown in ad revenues.   According to a report by...