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...

For sellers of Samsung products, Amazon.com has been a rough place this holiday season.   Due to apparently mistaken claims of infringement, a number of online sellers of Samsung phones, chargers, cables and TVs were booted from the e-commerce site in mid-November, just ahead of...

As Amazon.com Inc’s shares saw a rise of 1.6 percent in afternoon trade after the top online retailer called its latest holiday sale its best ever, the company shipped more than 1 billion items worldwide this holiday season.   Jeff Wilke, chief executive of Amazon's worldwide consumer...

As Beijing's crackdown on capital outflows prevents some Chinese companies from making foreign acquisitions and as Japan’s cashed-up companies seek to buy growth prospects elsewhere in the world,  bankers and lawyers said that Japan Inc may become a more important force in dealmaking next...

Japanese manufacturer Toshiba Electronics warned of several billion dollars of losses related to acquisition of American company Westinghouse Electric, which operates in the field of nuclear energy. This statement brought Toshiba’s quotes down. Analysts predict $ 4.3 billion of corporate losses....

The 2017 partnership agenda of Cisco-Ericsson looks to boost its revenue by reaching out to businesses outside telecom market. Ericsson makes gear for telecom market, which is looking to prolong its partnership with the company of Cisco Systems Inc. The said extension will be serving “new corporate...

In a breach senior FDIC officials believe was sponsored by China's military, source with knowledge of the matter said that the FBI is investigating how hackers infiltrated computers at the Federal Deposit Insurance Corporation for several years beginning in 2010, Reuters reported.   Also the...