HSBC’s third-quarter profits have fallen sharply after it booked a loss from the sale of its Brazilian unit. The bank’s reported pre-tax profit was $US843 million in the September quarter, down from $US6.1 billion in…
Oil prices rose by over 1 percent on Monday, pushed up by a statement from the producers’ club OPEC that it was committed to a deal made in September to cut output in order to…
Oil prices are on course for their sixth day of fall, dragged lower by a surge in U.S. crude inventories, timid demand and doubts over the ability of producers to coordinate output cuts. Brent crude…
Samsung is still sorting out the mess connected to the recalled Galaxy Note7 but is nevertheless ramping up mobile chip manufacturing by investing $1 billion in an Austin, Texas, factory until the end of June…
After Galaxy Note 7 made a serious damage to reputation and incomes of the leader of the smartphone market Samsung. During the last month, the company announced that they will spend billions to compensate the affected…
Oil prices rose from one-month lows in Asian trading on Tuesday after OPEC agreed on a long-term strategy that was seen as an indication the cartel was reaching a consensus on managing production. But further…
Non-OPEC producers made no specific commitment on Saturday to join the Organisation of the Petroleum Exporting Countries in limiting oil output levels to prop up prices – a stance that suggested they wanted OPEC to…
ZTO Express, a Shanghai-based package delivery company has raised $1.4 billion in the largest IPO for the year. The IPO will give the company access to money for expansion and allow its shareholders to exit…
British medical firm ConvaTec has raised nearly 1.5 million pounds in an Initial Public Offering (IPO) has reducing the price of its shares to the very bottom of the initial price range. British medical products…
Wall Street signalled scepticism on Monday that AT&T Inc would secure the government approvals needed to carry out its planned $85.4 billion (69.87 billion pounds) acquisition of Time Warner Inc, with shares of both companies…