Comprising mainly locally-branded models that are cheaper and have a shorter range than those offered by foreign automakers such as Tesla and Nissan, the electric cars that are old are sold in China is more than in the rest of the world combined.   As part of Beijing's policy to build global...

Tax incentive prove to be fruitful for Honda, while analysts warn that rolling back of same scheme will lead to a sharp drop of sales. In an attempt to “make the most of a tax incentive”, customers in China “rushed” to purchase cars, whereby boosting the sales of the “global automakers” in the year...

Canadian pharmaceutical company Valeant will sell three its cosmetics brand to L'Oreal for $ 1.3 billion, Bloomberg reported, citing the statement of the French cosmetics and perfumes manufacturer. Under the deal, Valeant will sell three skin care products: CerAve, AcneFree and Ambi. Annual sales...

In 2017, IPO fundraising in China is expected to reach its highest level in six years, as the government is turning to the stock market to help companies reduce debt, Bloomberg reports. Volume of initial public offerings in mainland China will grow by 50% to about 225 billion yuan ($ 32.4 billion),...

Media giant Zenimax, publishes computer games and owns Bethesda Studios, id Software, and Arkane Studios, accused Facebook in illegal acquisition of Oculus VR, creator of VR headset Oculus Rift. ZeniMax Media recons that the world's largest social network bought the company knowing that Oculus...

US President-elect Donald Trump thanked Ford Motor Company and Fiat Chrysler, which recently announced heavy investments in the US auto industry. The day before, on January 8, the company Fiat Chrysler Automobiles NV announced its intention to invest $ 1 billion in modernization of plants in the...

This Sunday will mark the start of the OPEC and non-OPEC landmark deal to cut production by 1.8 million barrels a day in 2017.   In order to understand whether everyone will respect the deal, the first month of implementation will be key. However analysts say that full compliance...

Next year, when you order something from Amazon, for all you know a drone might be supplying your delivery! According to Reuter reports, Amazon is eyeing the airships to turn them into its store house for products that would be delivered through drones, whereby the company filed for “a patent”....

According to weekly government data released  this week, the U.S. last week exported a record 8 million barrels of gasoline and nearly 10 million barrels of distillates.   The U.S. has been oversupplied with gasoline and crude oil and the U.S. refined product experts have been...