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. The number of users of mobile online games has grown to 56.3% of the total number of players in 2016 and will exceed 66% by 2019. In...

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. The deal between the two companies was announced in February 2016. Under the original terms of the agreement,...

In order to "provide a critical check on possible dysfunctional group dynamics," addition of two new independent directors to the board of the luxury electric car maker, without ties to Chief Executive Elon Musk, has been urged by a group of Tesla Inc investors.   And possibly enraged by the...

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 of strikes by the unions, reports Bloomberg. Meanwhile, the shares of the 500-year-old company grew on...

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 news has provoked a rapid rise in BlackBerry’s quotes. In February 2017, BlackBerry and Qualcomm entered...

Placed in line with the firm's strategy to boost overseas growth as investment returns diminish at home, Japan's Dai-ichi Life Holdings Inc plans to expand its U.S. presence and also plans to start a life insurance business in Cambodia in 2018, its president said.   yields on Japanese...

Large US companies moved out $ 1.6 trillion to countries with preferential taxation regime, bypassing the US tax authorities. The international association of organizations to combat poverty Oxfam and the Institute of Taxation and Economic Policy prepared a study based on an analysis of tax returns...

EU member countries are offering looser regulatory standards to banks after Brexit, taking advantage of a gap in EU financial rules. The countries are competing to host the trading operations of London-based investment banks.   Even though they are some of the most complex and riskiest parts...

As part of the top crude-exporting country's drive to diversify investments before the listing of national energy giant Saudi Aramco, Saudi Arabia and international oil companies have discussed gas venture opportunities inside the kingdom and abroad.   New agency Reuters reports quoting...