A challenge was launched to global shippers AP Moller Maersk and Mitsui OSK Lines by China on Thursday. However analysts feel that in order to weather one of the industry's worst-ever slumps, the giant company must slim down its workforce and order book.   China Cosco Shipping Corporation...

A fresh $6.4 billion bid for Australian port and rail firm Asciano is being planned by Canada's Brookfield Asset Management with assistance from Qatar's sovereign fund, Reuters reported citing sources. This development has increased the global battle that has been going on for some time now for the...

US high-tech sector is no longer entering the market. There have been no IPO in January, which was a kind of anti-record in recent years. Last time, only 2011 passed without tech IPO in the beginning of the year. This data are given by Renaissance Capital, a management company, engaged in just...

The controversial strategy of expanding in the general LED lighting market by the chief executive of German lighting group Osram led to the chief executive running up against the company's biggest shareholder Siemens on Tuesday.   The announcement in November of an investment of a...

In a deal that values the home-security company ADT Corp. at about $6.93 billion, private-equity firm Apollo Global Management LLC is to buy the company.   The deal was not affected despite the latest signmarket volatility.   Representing a 56% premium over Friday’s closing price...

Bringing in some relief to the world markets, top oil exporters Russia and Saudi Arabia agreed on a deal to put a freeze on the levels of output. However the deal is still dicey as it was contingent on other producers joining in – especially Iran, which was absent from the talks. Iran, recently...

Indian online retailer Snapdeal has raised another $200 million or Rs 1,367.6 crore, just seven months after it raised $500 million even as signs emerge of a drying up of funds for Indian startups.   Media reports say that the organizations that invested this time in the Indian company...

After 10 months of heated debate, HSBC's board of directors unanimously decided to keep its headquarters in London. Earlier, Britain's largest bank seriously thought about moving to Hong Kong. After the global crisis of 2008-2009, the reputation of London as a global financial center was severely...

In what is the biggest repurchase ever, Japan’s SoftBank Group Corp. announced it would buy back up to ¥500 billion ($4.4 billion) of shares on Monday. This move helped to bolster a share price beaten down by worries about U.S. mobile subsidiary Sprint Corp.   14.2% of the Japanese...