In a deal that could be worth at least $500 million, Citigroup Inc will seek bids from global insurers keen to sell general insurance products across the U.S. bank's Asia-Pacific markets, reported news agency Reuters citing a source with knowledge of the matter.   And as demand for insurance...

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 up with mobile products, including premium solutions. Soon, there simply cannot be people who...

As China, Chile and Egypt began lifting restrictions on imports from the Latin American country, Brazil’s under-fire meat industry received a major boost.   In a statement released Saturday by the ministry’s press office, agriculture Minister Blairo Maggi announced China’s "total reopening...

Since drivers have returned dozens of leased cars early after the company cut incentives, its car leasing strategy in India, its second-biggest market, is being rethought by global ride-hailing firm Uber Technologies, reported news agency Reuters.   Employing a strategy it has used in other...

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 to Toshiba. Toshiba's losses related to its subsidiary...

Car sales and risky mergers are sucking money out from Tesla. Nevertheless, its financial position is much better than in the past. Does this mean that the company is ready to assemble Model 3? In March, Tesla sent its annual report to the US Securities and Exchange Commission (SEC). Such reports...

Large companies suspended advertising on Google and YouTube, as their ads were shown along with extremist videos. Among those who refused are Marks & Spencer, Lloyds Bank, HSBC, O2, L'Oréal, RBS, BBC, Channel 4, McDonald's. Later they were joined by Volkswagen, Toyota and Tesco. Last week, a...

Saudi Arabian Oil Co., state oil company of Saudi Arabia, plans to raise about $ 2 billion in the debut bond sale, which will be the first step of the energy giant to attract $ 10 billion on the market, Bloomberg reports citing informed sources. Saudi Aramco will sell Islamic bonds, nominated in...

The European Commission fined 11 airlines for a total amount of 776.465 million euros for collusion when setting tariffs for air freight in 1999-2006. This decision was made by the regulator for the second time as back in 2010 the EC decision was annulled by the European Court. "Millions of...