Chinese steelmakers Baosteel Iron and Steel, Wuhan Iron and Steel today announced their merger, which will be carried out through an exchange of shares. As a result, the market will get a new global giant, second only to ArcelorMittal in terms of production. Leading manufacturers of steel in China,...

Accounting experts are of the view that due to the broad leeway that energy companies have enjoyed reporting under U.S. rules, New York Attorney General Eric Schneiderman faces an uphill climb in building a case against Exxon Mobil Corp for not writing down assets amid the oil-price slump.  ...

In a growing trend this year, there has been an improvement in PC demand and suppliers of parts used in personal computers are steadily replenishing their inventory, and this has encouraged Intel Corp as the US chip maker raised its quarterly revenue forecast for the first time in more than two...

$55 million was raised in funding rounds by Ripple, a Google-backed start-up that uses blockchain technology to settle financial transactions between some of the world's biggest banks.   Standard Chartered, Accenture Ventures, SCB Digital Ventures, the venture arm of Siam...

Learning from the Israeli experts, Volkswagen is set to explore cyber security measures. Former Head of Shin Bet, intelligence agency of Israel, will be creating a company in collaboration of Volkswagen, whereby the company will invest into developing “security systems for Internet-connected cars...

German industrial conglomerate Siemens AG has signed an agreement of intent to participate in Argentinian transport, energy and infrastructure projects in the amount of $ 5.6 billion. This was announced by the company’s Chief Executive Officer Joe Kaeser. According to Kaeser, President of Argentine...

Forthcoming reform of European copyright legislation will make video hosting websites pay greater contributions to musicians and record companies. The paper also demands that producers and publishers inform authors and performers on amount of profit derived from their works, reports BBC News....

2017 may not be as shining for Ford’s financial activities in comparison to 2016. Last week, the Company of Ford Motor informed that the company’s upcoming year of 2017’s “financial performance” will be dull in comparison to its current year’s performance. The degradation in performance will be...

The world leader in seed market will soon be acquired by Bayer. According to the Reuters reports, on Wednesday, 14th September 2016, Bayer informed that it succeeded in taking over the management of Monsanto for a “$128 per share offer in cash”, whereby the total value counting the debt equals to...