The world's largest Internet retailer Amazon.com Inc. increased its net profit in the first quarter of 2017 by 41%, thus exceeding the market expectations. Amazon’s shares grew by 4.1% to…

Recently, Swiss banks decided to "clean up" their assets. They launched a website with information on currently existing "dormant accounts", which keep at least 52 million ownerless Swiss francs in…

Mexican state-owned oil company Pemex for the first time signed its own hedging contract worth $ 133.5 million against a decline in oil prices to $ 42-37 per barrel.

Housing prices in London showed the biggest drop in eight years in April, as buyers avoided the capital’s central districts, Bloomberg writes.

The Federal Reserve again fined Deutsche Bank. This time, the penalty amount reached $ 156.6 million for violating foreign exchange rules and the Volcker Rule, suggesting that the bank was…

Stable oil prices, a change in leadership, weak profitability of hedge funds and other reasons for the American bank’s disappointing results.

Management of General Motors claims that the Venezuelan authorities have illegally seized the company's plant. In this regard, the concern is immediately suspending its activities in the country.

Dynamics of Alphabet Inc.’s shares may not have pleased investors in recent years, but analysts at Credit Suisse say that the situation will soon change.

Ant Financial, the financial arm of the Chinese online retailer Alibaba, raised its offer to buy MoneyGram International Inc. by 36%. The revised rate is $ 18 per share, compared…

The Chinese online game market reached 177 billion yuan ($ 25.7 billion) in 2016 and, according to iResearch, will exceed 232 billion yuan ($ 33.69 billion) by 2019.

International pharmaceutical company Abbott Laboratories and provider of diagnostic devices and services Alere Inc. agreed to reduce the amount of the merger transaction to $ 4.4 billion.

Royal Mail Plc said it would abandon the existing pension scheme, fearing that annual contributions will soon exceed 1 billion pounds sterling. This decision caused fierce criticism and a threat…

Manufacturer of processors and components Qualcomm will have to pay Blackberry $ 814.9 million for royalties overpaid by the Canadian company on results of sales of the company’s products. This…

Large US companies moved out $ 1.6 trillion to countries with preferential taxation regime, bypassing the US tax authorities.

Saudi Arabia and international oil companies discussed a possibility of investing in gas business in the kingdom and beyond, as the country seeks to diversify its investments before the IPO…

A study published by the Berlin-based Dalia Research firm on Statista’s says that "Made in Germany" brand exceeds other brands in popularity. The paper’s authors note that many buyers associate…

The coffee company JAB Holding Co. agreed to buy the American network of bakeries Panera Bread Co. for $ 7.5 billion, the companies said in a joint statement. According to…

Deutsche Bank, which is going through a capital increase of 8 billion euros ($ 8.5 billion), is not currently pondering mergers, the banks’ executive director John Cryan said.

Real estate agency Savills named the world's largest technology centers. The agency evaluated 22 cities in different countries of the world. The rating was compiled on the basis of over…

BlackBerry’s quotes jumped almost 15% thanks to the company’s positive financial report. The Canadian vendor's profit once again turned to be higher than Wall Street’s expectations.

Glencore, one of the world's largest commodity traders, is at the final stage of negotiations to sell part of its assets in oil storages after a period of growth in…

Goldman Sachs, Morgan Stanley and Bank of America are planning to set up a joint venture to share trade processes and ideas.

This year, the two leading smartphone manufacturers, Apple and Samsung, will be introducing flagship devices. Perhaps, these presentations will become a turning point for both vendors. The market is fed…

At last, Toshiba agreed to bankrupt its subsidiary Westinghouse Electric (services nuclear power plants), which brought to the Japanese conglomerate multibillion-dollar losses. The bankruptcy procedure will cause additional financial damage…