The Japanese company Asahi agreed with Anheuser-Busch InBev (AB InBev) to acquire European beer brands Peroni, Grolsch and Meantime. The deal amounted to 2.55 billion euros ($ 2.9 billion). The agency notes that the acquisition of the European assets will allow Asahi to enter a new market and to...

Google is giving unfair prominence to its own apps like search and maps in supplementary software licensing deals it strikes with mobile phone makers running its Android operating system. This is the allegations that is likely to be charged against Google by the European competition commission,...

As market volatility hit Goldman Sachs Group Inc's bond trading and investment banking businesses, the Wall Street bank's quarterly profit fell by more than half and revenue slumped to its lowest in more than four years.   Reflecting declines in all of its main businesses, Goldman, wrapping...

The first quarterly income results of Wells Fargo for the year of 2016 show much better than it was thought. In spite of the downturn in the oil sector, the reports provided by the company of Wells Fargo show “better-than-expected quarterly results”.   In comparison to last year’s figures...

On Thursday, shares of British clothing and accessories manufacturer Burberry fell 7.5%, which the strongest decline since October last year. The reason for the drop is the company's financial report for the second half of the financial year 2015/16, when the revenue declined more than expected....

A very recent report by anti-poverty charity Oxfam claims that despite receiving trillions of dollars in taxpayer support, US corporate giants such as Apple, Walmart and General Electric have stashed $1.4 trillion (£980bn) in tax havens.   Oxfam said that the sum is held in an “opaque...

According to the annual report of the International Federation of the Phonographic Industry (IFPI), last year digital music sales have bypassed the physical (45% vs. 39%) for the first time in the history. Also in 2015, the overall market showed growth after a nearly continuous decline for the past...

US Goldman Sachs have come to an agreement with the Ministry of Justice of the United States. The bank will pay US authorities $ 5.1 billion within settlement of case on the sale of mortgage securities before the crisis of 2008. This agreement is the final in a series of penalties assigned to banks...

Amid mounting concern about the consequences for the merged entity if Britain votes to leave the European Union, opposition is growing in Germany to Deutsche Borse’s planned $20 billion merger with London Stock Exchange.   "It's a problem if the headquarters of the holding company will be...