Due to the historic fact that China’s currency, yuan’s, exchange rates at home and abroad diverge by the most in the months from December to March, the country’s authorities have suspended at least two foreign banks from conducting some cross-border yuan operations, said local media reports quoting...

A recent Study has established the saying in the business world - once a billionaire, not always a billionaire.   This was established in e recent study report by the UBS Group AG and PricewaterhouseCoopers which studied most of the world’s richest families 20 years ago and found that they...

Deutsche Bank AG is going to sell its stake of 20% in the Chinese Hua Xia Bank Co. to companies PICC Property and Casualty Co., declared the bank in a statement. The deal is related to the plan the bank’s head John Cryan to reduce the credit institution's presence and increase capital reserves. The...

Navigant Research provides a market about the electric vehicle’s market. According to reports, the manufacturers of the luxury vehicle form the twenty three percent of the EV “plug-in electric vehicle” market. There are further expectations that the said market is on a rising graph whereby it will...

Battling both competition from emerging market rivals and the impact of its own deteriorating finances, Japan's Toshiba Corp may need to curb its ambitions in nuclear power even as it looks set to win a deal in India, industry experts said.   There were media reports that Toshiba's U.S....

The early release of the Samsung’s Galaxy S7 is being viewed as a strategic move by the company to try and gain lost market share with the latest model of the company hitting the shelves months ahead of a possible new Apple phone.   The new Galaxy S7 is expected to be launched in early 2016...

In the months leading up to the tournament, there is growing global demand for Euro 2016 tickets on the resale market. Many group stage matches are already posting big ticket prices on the resale, according to the international ticket market place Ticketbis.   There is barely six months for...

Due to a manufacturing defect, California T had to be recalled by Ferrari. Ferrari NV’s a division, namely Ferrari North America Inc. is “recalling” some of “2016 California T vehicles”, reports Reuters. The said step was taken for a possible fuel leak risk in the engine compartment as pointed out...

In the latest high-profile target in a corruption crackdown in China, the head of China Telecom, one of the nation’s big three telecoms firms, is under investigation for “severe disciplinary violations”.   A statement on the website of the Central Commission for Discipline Inspection, the...