As investors pressured to improve governance, the process of taking a board seat at flagship unit Samsung Electronics was accelerated by Jay Y. Lee, de facto head of South Korea's sprawling Samsung Group.   A controversial merger of two group businesses, Samsung C&T and Cheil Industries,...

The Iranian government has signed main principles of an agreement with French Total, China National Petroleum Corporation (CNPC) and National Iranian Oil Company (NIOC) on early development of the world's largest South Pars gas field. Total with share of 50.1% will become leading member of the...

20,000 customers’ accounts of Britain's biggest retailer Tesco had their money removed after 40,000 customers' accounts were attacked over the weekend.   Adding to growing concerns about the British financial sector's vulnerabilities to cyber attacks, which have jumped in frequency over the...

One of the world's largest sportswear manufacturers, Adidas Group, will reflect costs of 30 million euros ($ 33.4 million) in the report for the second half of the year. The spending is associated with restructuring of troubled brand Reebok, said the German company in a statement. This measure will...

After six months’ of wait, Gannet retracts its offer. The U.S.A Today’s publisher, Gannett Co Inc. announced on Tuesday, the 1st of November 2016 that it will cease to follow up the plan of acquiring Tronc Inc., the latter being the publisher of “Los Angeles Times” as well as “Chicago Tribune”....

The “average analyst” forecast of Pfizer’s earnings were missed by one percent per share. The largest manufacturer of drugs in the U.S., Pfizer Inc., issued its “quarterly adjusted profit” which just fell a little short on standing up to the estimates of the analysts, while four cents were shaved...

The current global environment will disrupt the usual inverse relationship between the U.S. dollar and the precious metal – gold, as the metal continues to be on course to head as high as $1,500 per ounce, according to a technical analyst.   An anomaly to normal market...

Japan's biggest shippers have agreed to merge their container units to create the world's sixth-largest cargo carrier as the industry is reducing around the world, reports Bloomberg. Nippon Yusen KK, Mitsui O.S.K. Lines Ltd. and Kawasaki Kisen Kaisha Ltd., which forecast losses for the year, will...

Yahoo was cautioned over a 2014 data breach and scanning of customer emails for U.S. intelligence purposes and WhatsApp was also warned over sharing user information with parent company Facebook by European privacy watchdogs.   The attention of regulatory scrutiny in Europe has been drawn...