Stockholm International Peace Research Institute (SIPRI) published a report on situation in production and sale of arms in the world. The report features the world's 100 leading arms manufacturers in 2014. US companies continue to lead in terms of weapon sales: they accounted for 54.4% of the...

Coming close to 11-year lows due to fears that the global oil glut would worsen in the months to come in a pricing war between leading OPEC and non-OPEC producers, oil prices fell for a seventh straight session on Monday.   For the first time since December 2008, Brent crude fell by 3.4...

After giving “disappeared’ from public view for quite some time, the billionaire chairman of Fosun Group, one of China's biggest privately held conglomerates, re-emerged on Monday.   Guo Guangchang was accused to have ‘disappeared’ in connection with an investigation by authorities, Chinese...

After a court ruled it had made misleading claims, the drug giant Reckitt Benckiser was ordered on Monday to pull some of its popular Nurofen painkiller brands off shelves in Australia. The company has admitted that it had been selling for almost double the price of its standard painkiller,...

Royal Dutch Shell received the green light from China on Monday to finally complete its takeover by crossing the last hurdle in its takeover of BG Group.   Now the last hurdle for the completion of deal, expected to be completed in early 2016, is the ratification from the shareholders...

The ICA Gruppen is holing a “Capital Markets Day” for reviewing its property status and online shopping operations. Sweden – 11 December 2015 – ICA Gruppen organises “a Capital Markets Day” programme on the 11th of December 2015 in the capital of Sweden. The agenda of the event offers a “review”...

A little-known bond trader was on a hot streak before Lehman Brothers collapsed, pulling the trigger on the global financial crisis. More than $700 million in profits was given to the bank in a period of two years by Jonathan Hoffman.   He was then looking at a bonus of $83 million. Even by...

In a win for activist investors that could spark further consolidation in the farm chemicals industry, chemical giants DuPont and Dow Chemical Co agreed to merge in an all-stock deal valuing the combined company at $130 billion.   The ultimate aim of the two companies is to eventual split-up...

Fall in demand for electric cars and hybrid cars has not frightened the American Ford. The company is willing to spend $ 4.5 billion on development in this area. In the next four years, the carmaker is going to develop 13 new models and try to prove their benefits to consumers. Other producers have...