The Federal Reserve again fined Deutsche Bank. This time, the penalty amount reached $ 156.6 million for violating foreign exchange rules and the Volcker Rule, suggesting that the bank was unable to comply with the terms of the Dodd-Frank Act. Recall that Volcker Rule limits ability of US-based...

Stable oil prices, a change in leadership, weak profitability of hedge funds and other reasons for the American bank’s disappointing results. Losses in Goldman Sachs’ trading division are infrequent. However, recently they put an end to a series of excellent results of the largest American bank and...

Management of General Motors claims that the Venezuelan authorities have illegally seized the company's plant. In this regard, the concern is immediately suspending its activities in the country. "GMV (General Motors Venezolana) unexpectedly passed under the control of the state, which became a...

Even as policymakers scale back subsidies aimed at building sales from relatively low levels and consider tapping the brakes on sales quotas for plug-in cars, China's auto industry is charging ahead with aggressive plans to electrify cars.   To show off numerous battery electric and plug-in...

Dynamics of Alphabet Inc.’s shares may not have pleased investors in recent years, but analysts at Credit Suisse say that the situation will soon change. Last year, Facebook’s shares rose 29%, Amazon - 44%, while Alphabet - only 10%. Yet, this lag may disappear, as YouTube and Google Cloud will be...

Ant Financial, the financial arm of the Chinese online retailer Alibaba, raised its offer to buy MoneyGram International Inc. by 36%. The revised rate is $ 18 per share, compared to the previous offer of $ 13.25, according to the companies’ joint statement. Under the terms of the new deal, all of...

The Chinese online game market reached 177 billion yuan ($ 25.7 billion) in 2016 and, according to iResearch, will exceed 232 billion yuan ($ 33.69 billion) by 2019. The number of users of mobile online games has grown to 56.3% of the total number of players in 2016 and will exceed 66% by 2019. In...

International pharmaceutical company Abbott Laboratories and provider of diagnostic devices and services Alere Inc. agreed to reduce the amount of the merger transaction to $ 4.4 billion. The deal between the two companies was announced in February 2016. Under the original terms of the agreement,...

In order to "provide a critical check on possible dysfunctional group dynamics," addition of two new independent directors to the board of the luxury electric car maker, without ties to Chief Executive Elon Musk, has been urged by a group of Tesla Inc investors.   And possibly enraged by the...