The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and […]
South Korea’s Moon Bemoans GM Plant Closure
South Korean President Moon Jae-in said on Monday General Motors Co’s (GM) (GM.N) decision to shut down a factory south […]
Amazon’s $1.2Million Settlement Over Pesticide Sales
Amazon.com Inc will pay a $1.2 million penalty to settle nearly 4,000 alleged violations of U.S. law in a […]
Asia’s Biggest Private Equity Acquirer Is Seeking $6 Billion
Hillhouse Capital Management, the Chinese investment firm that last year helped lead Asia’s biggest-ever buyout deal, is targeting to raise […]
Warren Buffett’s Bumpy Ride With IBM Draws to a Close
Warren Buffett is just about done with International Business Machines Corp. His conglomerate, Berkshire Hathaway Inc., reported that it cut […]
Britain To Add Nigeria’s Naira To List Of Accepted Trade Currencies
The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of […]
IBM lawsuit casts diversity in starkly competitive terms
International Business Machines Corp’s (IBM) insistence in a new lawsuit that its efforts to recruit and maintain a diverse workforce […]
Ethiopian Geothermal Is Private Equity’s Next $4-Billion Bet
U.S. private equity and hedge funds are backing an effort by Ethiopia to turn itself into an exporter of electricity […]
U.S. Will Halt Crude Oil Import From Nigeria
There are indications that the United States may halt crude oil import from Nigeria by 2022, as it moves closer […]
The World’s Biggest Container Shipping Line Is Now Worried About Amazon and Alibaba
The world’s biggest container shipping line is trying to stop customers like Amazon.com Inc. and Alibaba Group Holding Ltd. from […]
Federal Funds for Clean Coal Project Mispent on Liquor and Spas
Millions of dollars of federal funds for a failed carbon capture and sequestration project were improperly spent on liquor, lobbying, […]
Amazon Is Laying Off Hundreds of Employees at Its Seattle Headquarters
Amazon (AMZN, +3.50%) is cutting hundreds of jobs at its Seattle headquarters in a rare set of layoffs for the […]
Meet The First Female Laureate Of The Mo Ibrahim Prize For Achievement In African Leadership
“I am proud to see the first woman Ibrahim Laureate, and I hope Ellen Johnson Sirleaf will continue to inspire […]
Wiese Cuts Stake in Steinhoff Down to 6%
In an astonishing sign of lack of confidence in Steinhoff International, Steinhoff’s former chairperson Christo Wiese has cut his stake […]
Barclays Bank in trouble Over £2.2billion Qatari loan
Britain’s Serious Fraud Office has charged Barclays Bank with unlawful financial assistance to Qatari investors, extending to the lender’s operating […]
Warning Signs Flash for Kenya Currency Amid Political Crisis
As Kenya’s shilling appreciates in spite of a political crisis that shows little sign of abating, warning signs are starting […]
“Second place is first loser”: Google’s Waymo Against Uber
After two days of legal wrangling, lawyers for Google’s self-driving car company Waymo on Wednesday injected a little bit of […]
Tesla Loses Head of Global Sales To Lyft
Tesla has lost another executive—this time its president of global sales and service, and CEO Elon Musk says he has […]
Samsung chairman named as suspect in $7.5 million tax evasion case
Samsung Electronics’ (005930.KS) ailing chairman, Lee Kun-hee, was named by South Korean police on Thursday as a suspect in an […]
Casino Mogul Steve Wynn Steps Down as CEO Amid Harassment Allegations
Steve Wynn has stepped down as the CEO of Wynn Resorts after allegations of sexual misconduct piled pressure on the […]