Indorama looks to increase its “green credentials” amid stronger regulations and customer demands on recycling. Indorama Ventures is a chemicals company from Thailand which has made a commitment of investing “$1.5 billion” for recycling at a time when more and more consumers are becoming aware of...

The ban on electronic cigarettes in a number of countries around the world, which was introduced after testing a new generation of tobacco products, could lead to a decrease in growth in the sector, Fitch rating agency reported. "We expect that a recent inspection of a new generation of tobacco...

One of the world's largest investment companies, BlackRock Inc., held a series of negotiations with the Chinese Internet giant Tencent Holdings on a partnership to expand its presence in China, reports Dow Jones, citing sources. According to sources, the parties discussed BlackRock tools for...

The United States has been awarded permission to impose tariffs on $7.5 billion of European goods by the World Trade Organization (WTO) and many analysts fear that this could be the beginning of another trade spat between the tow trading partners on both sides of the Atlantic Ocean.   The...

The South Korean electronics giant Samsung Electronics Co Ltd announced on Wednesday that it would end production of its mobile phones in China. The company said that its fortunes and market share in the largest smartphone market in the world were being hit significantly by local Chinese rivals....

Danske Bank is winding up operation of its Estonian branch, whose employees are suspected of large-scale money laundering. “In accordance with the approval of the Estonian Financial Supervision Authority, Danske Bank has virtually ceased banking in Estonia. Now all attention is paid to ensure the...

PayPal Holdings Inc, the American payment system, will become the first foreign company of its kind to gain access to the PRC payment services market through the purchase of the local company Gopay Information Technology Co. The People’s Bank of China (PBC, the country's central bank) has allowed...

There has been a rise of about 40 per cent in the last one year in the amount of money that had been stolen by criminals through bank transfer scams in the United Kingdom and currently the amount being stolen every month is more than £1m, claimed official data published by the UK.  ...

Since the downturn in the global oil market three years ago, Saudi Arabia has been trying to reduce the dependence of its economy on revenues from oil. As a part of that vision, the kingdom is not set to open up some of its closed doors to international tourists.    The kingdom...