According to the research company International Data Corporation (IDC), sales in the world market of portable devices reached 27.9 million units in the second quarter of 2018, which is 5.5% more than in the same period in 2017. In dollar terms, the market grew by 8.3% and amounted to $ 4.8 billion....

A large number of compensation claims was the primary reason that the payday lender of the UK, Wonga, collapsed and has been sent into administration, the company had become notorious for its extortionate interest rates and was considered to be a symbol of Britain’s household debt crisis.  ...

Lyft Inc, the main competitor to Uber in the market of mobile applications for ordering a taxi in the US, has begun preparations for the initial public offering, Bloomberg reports citing informed sources. According to sources, the IPO is being prepared by the consulting company Class V Group. It is...

There were any known sale deals with Chinese importers after the closure of an annual U.S. soy exporters’ conference compared to other years where the conference ended with export contracts worth billions of dollars being signed with Chinese importers.  Sot beans is the main cash crop of the...

The British manufacturer of sports cars Aston Martin Holdings Ltd announced its intention to conduct an initial public offering on the London Stock Exchange (LSE). As stated in the company's press release, the relevant documents have been sent to the Financial Conduct Authority (FCA). Dow Jones...

Lack of investment opportunities, high penetration of smartphones and the Internet, as well as the rapid growth of household wealth, created unique conditions for financial services in China, reports CNBC. State or state-affiliated creditors make up most of the local banking system. They...

Despite the slowing of outbound investments from China, in the first half of the current year 20 per cent of all global assets disposed by global funds were amassed by Asian investors making them the most active net buyers of commercial property. According to international property consultant...

The much awaited and talked about Initial Public Offering (IPO) of 5 per cent of the state owned largest oil company of Saudi Arabia – Saudi Aramco, has been shelved.   It has been two years since the idea of the largest ever IPO was floated by the Crown Prince of Saudi Arabia Mohammed bin...

In a battle among staying ahead in the automotive industry, Toyota unites four of its group firms to strengthen itself. In an attempt to compete better with the “automotive component giants” like Bosch Group, Toyota Motor Corp will bring four of its group firm in a “joint venture”, wherein they...