South Korean container carrier Hanjin Shipping Co Ltd’s ability to move stranded freight were getting complicated as cargo owners were withholding up to $80 million in payments for completed shipments, the failed South Korean container carrier told a U.S. judge on Friday.   "Hanjin is not...

Senate Banking Committee hasn’t had such a stormy session since the 2008 crisis, notes WSJ and Bloomberg. John Stumpf, Head of Wells Fargo, got attacked by both Democrats and Republicans. "You have to resign and return remuneration for the period during which the violations lasted, and the Ministry...

Commerzbank is considering possibility of cutting at least 5 thousand jobs, or more than 10% of the total headcount. In addition, the company may close one of the units, and hold a major reorganization aimed at addressing a problem of low profitability on the back of low interest rates and low...

In a move that could hit the company's profit margins in one of its most profitable markets, the Japanese regulators are considering taking action against Apple Inc over possible antitrust violations that may have helped it dominate the nation's smartphone sales, reports Reuters quoting government...

After taking the beating from the malfunction of Note7’s batteries, Samsung is all set to enter the South Korean market with the same product. On Thursday, 22nd September 2016, South Korea “ordered” the company of Samsung Electronics Co. Ltd. to take “additional” precautions for ensuring that the...

It has been just days that Uber debuted its self-driving vehicles in the United States, its close rival ride-hailing firm Grab has set up a partnership with a start-up testing the technology in Singapore and its users will be able to book driverless cars from Friday.   Driverless cars and...

As policymakers aim to boost public finances in the face of low commodity prices, a flurry of frontier market countries are looking to tap the international bond markets.   In what Capital Economics says could be a record-breaking deal, for the first time Saudi Arabia is expected to issue...

As automakers Renault SA and Nissan Motor Co compete with global automakers and tech firms in the race for development of new services including ride hailing and car sharing, the companies announced that they would jointly buy over the French software development company Sylpheo.   Their...

Following the announcement of its $66 billion takeover of Monsanto, there were criticism by a large section of the company  investors that the attention of German drug maker Bayer would get divided between the two companies which could result I the company neglecting in its pharmaceuticals...