London hosts more billionaires than any other city in the world, says a new study of Wealth Insight. The capital of the UK is a haven for 4400 super-riches, the net assets of whom amounted to $ 30 million or more, indicate Wealth Insight data for 2015. This is by 0.8% more compared to the previous...

News Agency Reuters reports that from next year, three low-cost sport utility vehicles (SUVs) would be launched in China by Hyundai Motor and affiliate Kia Motors. China is the largest market for them.   Deviating from their strategy of appealing to price-conscious Chinese buyers with older...

Highlighting the drive for further consolidation in the agro seed sector, news reports that Bayer AG and BASF SE were interested in acquiring the world's largest seed producer saw shares of Monsanto Co rally as much as 12 percent on Thursday.   People familiar with the matter told Reuters on...

Swatch Company entered into a cooperation agreement with the payment system Visa Europe and Swiss Corner Bank. Within the new project, Swatch Bellamy smart watch will be equipped with the NFC-technology, which can be used for contactless purchases. "Bank customers can create a register entry by...

After a long series of setbacks that have plagued the American developer of browser games Zynga, the company's value may be less than its own headquarters in San Francisco. Zynga has long been experiencing difficulties with development of the business models and strategies to promote its products....

A $9 billion copyright retrial has brought Oracle Corp and Google face to face in a legal battle over program copy rights.   In the law suit Oracle has accused Google of stealing programming which helped the latter to become the world's leading smartphone player. On the other hand Google...

Major oil companies, including Royal Dutch Shell, ConocoPhillips and Statoil, refused the US government’s licenses to drill exploratory wells in the Arctic. Total cost of the denied permissions amounted to $ 2.5 billion. Oil majors gave up the rights to drill in an area of 2.2 million acres (about...

The new KFC addition will make its customers literally lick their fingertips. The giant of fried chicken trends, KFC, has launched a new product that sends its tag line “finger lickin’ good” to yet “another level. The new addition to KFC’s menu features “two edible nail polishes” which has a...

Worries over brimming inventories and a looming refined products glut were overweighed by some 2.5 million barrels of daily production that have been taken off the market due to the supply disruptions in Canada and elsewhere resulted in rise of global oil prices for again on Tuesday.  ...