In the III quarter, American carmaker Tesla Motors Co. sold 24.5 thousand electric vehicles, which is 70% more than in the II quarter, and twice more than in the III quarter of 2015 (11.58 thousand cars). The last quarter was a record for Tesla in terms of sales. In III quarter, the company sold...

After fears over its stability sent tremors through global financial markets, assurances that Germany's largest lender remains robust was given by Deutsche Bank's chief executive sought to reassure his staff on Friday.   After being handed a demand for up to $14 billion earlier in September...

Following U.S. approval of a long-stalled sale of F-15 fighter jets to the Persian Gulf nation, Boeing Co. is nearing an agreement with Qatar’s flagship airline for a multibillion-dollar commercial jet order.   People, who asked not to be identified because the talks are private,...

Eight years ago, the markets were in panic as Lehman Brothers collapsed. Now, there is a real threat of a repeat, only this time with participation of the largest German bank - Deutsche Bank. In any case, this is what market participants fear. Shares of the financial giant has once again updated...

The U.S. bank faces a tough month from financial angle. The Wells Fargo’s C.E.O Stumpf will be losing his “$41m” compensation amount following the “fake account scandal” of the U.S. bank.   The ex-head of “community-banking, now retired, Carrie Tolstedt, will also be affected in her pay, for...

Facebook reaches another record mark in its advertisers’ clientele base. Facebook hits “4m” advertisers’ record through its site as well as mobile app, whereby they reported an increment of thirty three percent in the same number within the period of “last seven months”.   Many small...

The world's largest retailer Wal-Mart Stores is negotiating with Flipkart, the largest Internet company in India, according to a source familiar with the situation. If the parties agree on cooperation, Wal-Mart will be able to strengthen its position in the market of Asia's third-largest economy....

After OPEC leader Saudi Arabia softened its stance on arch-rival Iran amid mounting pressure from low oil prices, the oil cartel agreed on Wednesday modest oil output cuts in the first such deal since 2008.   "OPEC made an exceptional decision today ... After two and a half years, OPEC...

The majority showed their consent for the takeover transaction at SABMiller & AB InBev. On Wednesday, the 28th of September 2016, the shareholders of SABMiller gave their approval for the “$100bn takeover offer” given by “Anheuser-Busch InBev”.   Over ninety five percent of SABMiller’s...