As the coalition bombers hit the sources of finance of the Islamic State, the group is squeezing money out of local people in the northern Iraqi city of Mosul by manipulating the exchange rate between U.S. dollars and Iraqi dinars.   The financial infrastructure of the Islamic State would be...

The question of whether an unprecedented wave of bankruptcies expected to hit U.S. oil and gas producers this year will imperil the $500 billion pipeline sector as well now hinges on outcome of two low-profile legal disputes that is expected within weeks.   Chapter 11 bankruptcy protection...

In the difficult global market scenario, Standard Life increases its inflow ratios. Bucking the trend, Standard Life hits a nine percent increment in global markets, whereby hitting “pre-tax operating profits” to “£665m” besides a reduction of “£38m” in the risk margin factors.   However,...

Although Essentra witnessed a “good growth” in many of its sectors, the downturn in the oils and gas industry caused a marginal slip. The year of 2015 has been a good productive year for Essentra. As per the report provided by the company, it has observed “good growth” in “most of its operations”....

The German automaker Mercedes-Benz received a class action lawsuit in the United States. The producer is accused of using software that disables exhaust control of the harmful emissions into the atmosphere at low temperatures. According to the plaintiffs, the exhaust of the company’s diesel engines...

Richard Branson wants to again join the race to send passengers and satellites into space. The billionaire entrepreneur said that his Virgin Galactic venture is eager to rejoin the race among rival billionaire entrepreneurs despite the deadly accident 16 months ago.   “To have three or four...

Ahead of the expiring date of the current facility, Glencore signed a new credit facility. On the 17th of February 2016, Glencore began to ease out access to the company’s “future cash requirements”. Likewise, it made an announcement by saying that Glencore “had signed a new revolving credit...

The technology distributor Ingram Micro would be bought by Tianjin Tianhai, a Chinese shipping group for $6 billion in the latest mega-deal that involves a Chinese company.   Ingram, based in Irvine, Calif., said that it would be able to increase investment and expand its geographical reach...

A challenge was launched to global shippers AP Moller Maersk and Mitsui OSK Lines by China on Thursday. However analysts feel that in order to weather one of the industry's worst-ever slumps, the giant company must slim down its workforce and order book.   China Cosco Shipping Corporation...