After OPEC leader Saudi Arabia softened its stance on arch-rival Iran amid mounting pressure from low oil prices, the oil cartel agreed on Wednesday modest oil output cuts in the first such deal since 2008.   "OPEC made an exceptional decision today ... After two and a half years, OPEC...

The majority showed their consent for the takeover transaction at SABMiller & AB InBev. On Wednesday, the 28th of September 2016, the shareholders of SABMiller gave their approval for the “$100bn takeover offer” given by “Anheuser-Busch InBev”.   Over ninety five percent of SABMiller’s...

Mexican government released the news of Cisco’s plans in the country. Cisco Systems Inc. is known in the U.S. for making “networking equipments”, whereby the company now has plans of expanding in Mexico which would cost over “$4 billion” between the period of “2016 and 2018”, informed the...

Aetna to provide a significant discount on Apple Watch to some of its customers. Aetna Inc. is going to give out Apple’s Smart-watches in discount to some of the customers, whereby kick starting the “first deal” between the “tech giant” and “an insurer”.   Moreover, almost “50,000 employees”...

A new report on the prospects of Initial Public Offerings (IPO) estimates that there would be a strong bounce-back in activity in the market in 2017 even as the market for initial public offerings has had a year it would rather forget as it tried to deal with global political uncertainty.  ...

Airbus Corporation has received billions of dollars in subsidies from the European Union. In 2011, the EU has not fulfilled an order of the World Trade Organization (WTO) to return the funds within six months. This a conclusion is contained in the WTO’s report published at the end of last week. In...

UberEats meal delivery service is planning to actively expand international presence. Uber posted job ads on its website and on Internet recruiting resources. The company is hiring various employees, from basic control to marketing managers, couriers and sellers in 24 countries in total, according...

Doubt on the chances of any policy decision during the energy meeting on Algeria were cast as Saudi Arabia's Energy Minister Khalid al-Falih said on Tuesday that talks among OPEC and non-OPEC oil producers in Algiers this week are consultative.   He also said he was optimistic about the oil...

Based on analysts' take on the market reaction,  Hilary Clinton appears to have edged out her Republican opponent Donald Trump in the first presidential debate.   "Early indications suggest Hillary won the debate; at least didn't lose. Futures are higher and the peso is rallying," said...