In the era of technology, HSBC to alter the traditional system of banking. The customers of HSBC will no longer need to bother about memorising their lengthy passwords for the bank is planning to start “voice recognition and touch ID services” in the coming summer season.   Moreover, the...

John Fredriksen, Norway's richest man, bet on salmon – and did not lose. Atlantic salmon weighing about 4.5 kg is now worth more than a barrel of oil. The company for the fish delicacy breeding has become the most expensive among all Fredriksen’s assets. John Fredriksen made his fortune on offshore...

The CEO of the world's largest miner BHP Billiton, Andrew Mackenzi, is in a dilemma as the company sits on an $11 billion cash pile and the market watched to see what is done with the money. It would also be a critical test of the ability of Mackenzi to invest during the industry's worst downturn...

Despite its small size, Time Inc. isn’t afraid from pursuing an acquisition of Yahoo! Inc.’s core business.   Quoting people who possessed knowledge about the matter, Bloomberg reported that a presentation was heard by the company from Citigroup Inc. bankers on pursuing a deal to merge with...

Following concerns from pilots that they constitute a tangible risk for on board fires, the International Civil Aviation Organization has placed a ban on the cargo shipment of lithium-ion batteries on passenger aircrafts.   The prohibition would come into effect as of 1 April this year and...

The shares of CWC gains further ground following the company’s decision. With the starting of this week, the shares of Cable & Wireless Communications began to rise on Monday, follow the confirmation from the company that it had accepted an agreement on the proposed “takeover deal” by Liberty...

With the aim to strengthen its presence in Europe, the largest U.S. food distributor, Sysco Corp, is all set to purchase London-based food distributor Brakes Group from Bain Capital Private Equity. The deal is estimated to be valued at about $3.1 billion. Sysco Corp announced this takeover on...

As the coalition bombers hit the sources of finance of the Islamic State, the group is squeezing money out of local people in the northern Iraqi city of Mosul by manipulating the exchange rate between U.S. dollars and Iraqi dinars.   The financial infrastructure of the Islamic State would be...

The question of whether an unprecedented wave of bankruptcies expected to hit U.S. oil and gas producers this year will imperil the $500 billion pipeline sector as well now hinges on outcome of two low-profile legal disputes that is expected within weeks.   Chapter 11 bankruptcy protection...