The cleanup of the murky balance sheets of China's banks may already be proceeding apace even though they have long spurred fears of an impending crisis, believes UBS.   "Contrary to prevailing market wisdom, we believe considerable progress has been made in recognizing and dealing with the...

Making inroads into a market Japan Tobacco (JT) relies on for 40 percent of its profit, its e-cigarette has rapidly captured close to 3 percent of Japanese tobacco sales claims Marlboro maker Philip Morris International.   A company spokesman said that the iQOS accounted for 2.2 percent of...

As mainstream automakers are reluctant to go full tilt at the new technology of electric vehicles, this sector is drawing more talent from mainstream companies.   Better pay and pioneering opportunities await those who make the jump. According to a person close to the company, a $15 million...

Despite concerns about slowing economic growth in China, in June Alibaba company showed 18%-growth in the number of active buyers, compared with 434 million people in the previous year. The number of active users increased by 39% to 427 million users per month, which almost doubled growth of the...

A call on the Yum Brands Inc unit to stop the routine use of antibiotics by the companies that supply its poultry was delivered by consumer groups through a petition from more than 350,000 people to the KFC fried chicken chain.   By forcing their respective meat suppliers to adopt new...

The Federal Circuit has agreed to re-consider the penalty amount payable by Samsung to Apple. One group of professionals in the industry informed the Supreme Court that Apple Inc “deserved” the damage charge of “hundreds of millions of dollars” that was paid by Samsung Electronics Co Ltd, whereby...

US Marshals Service put on auction 2719 Bitcoins, confiscated in several criminal cases. The total value of items may exceed $ 1.6 million. The auction is scheduled for August 22, and participants can register starting from 18 August. Bitcoins were seized within nine criminal cases. For the last...

Atlante fund, designed to rescue Italian banks, has attracted about 1.6 billion euro ($ 1.8 billion) to further purchase "bad" loan portfolio Banca Monte dei Paschi di Siena (BMPS), reports Reuters. Problem loans of Italian banks totaling € 360 billion become a concern of investors, and contributed...

Uber’s main rival in one of Asia’s fastest growing ride hailing market – India, Ola has been left more vulnerable to attack in its $12 billion home market following Didi Chuxing's acquisition of Uber's China business last week which has reshaped the landscape in Asia's growing ride-hailing sector....