Today, one of the leading banks of the world financial system, Deutsche Bank, reported a fall of its quarterly earnings by 98% to € 20 million. This sharp drop in profits was caused by the bank's anti-crisis restructuring programme, sale of the assets and litigation. After the statement was...

After the changes made by AB InBev in its offer, the deal may be cracking soon, think analysts. Anheuser-Busch InBev hiked up its bid by “$100 billion-plus” for buying its “rival brewer SABMiller”. However, Brexit has caused the interest of investors on the said offer to shrink, which threatens “to...

With a sale that could potentially fetch at least $400 million, McDonald’s Corp. is planning a sale of 20-year franchise rights in Malaysia and Singapore if reports and sources with knowledge of the matter are to be believed.   Sources who did to want to be identified because the information...

With the aim to expand its digital advertising and media business, ending a lengthy sale process for the fading Web pioneer, Verizon Communications Inc said on Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash.   As Verizon gains access to Yahoo's ad...

The Government of India is considering a merger of 13 state-owned oil companies. The Government of India is planning to start consulting on a merging 13 state-owned oil companies in one giant corporation, writes The Economic Times, citing sources. According to the publication, the Ministry of Oil...

JPMorgan Chase & Co is streamlining its business and the bank would stop settling U.S. government securities transactions for most dealers by the end of next year.   This was announced recently by the bank.   The only clearing bank for such transactions between dealers and...

For the first time in history, the market of smartwatches fell in the II quarter 2016 yoy due to a sharp drop in sales of Apple Watch, according to preliminary data gathered by International Data Corporation research company (IDC). Sales of smartwatches in April-June decreased by 32% to 3.5 million...

In a call-back that would cost General Motors Co $550 million, the U.S. automaker would be forced to recall another 4.3 million vehicles for potentially defective Takata air bag inflators due to sustained pressures from US regulators. The U.S. automaker said this in a statement on Thursday.  ...

Another "crazy idea": talking cars that can read a driver's emotions, is the new engagement of SoftBank Corp founder Masayoshi Son. This new potential venture flows very fast on the heels of the $32 billion takeover of chip designer ARM Holdings by SoftBank announced earlier this week.   ARM...