Metallurgical and mining company Evraz is interested in buying the French division of British steelmaking corporation British Steel, which produces railroad rails, writes Financial Times, citing sources in the market. The division is called Hayange and employs about 400 people. It is located in the north of France. The company is a supplier of the French state rail carrier SNCF. British Steel...

Readiness of the US Federal Reserve to soften monetary policy once again and begin to reverse the rate cuts caused a rally in global markets, including oil prices (Brent quotes has risen by almost 5% since Wednesday). The demand grew for both risk-free and risky assets. For the first time since 2016, the required yield on ten-year US government bonds fell below 2%, while the total volume of bonds...

China Railway Corporation, with the approval of the State Council of China, completed restructuring and changed its name to China State Railway Group Co. Ltd. This is expected to make the company more market-oriented, reports China Daily. The company with a registered capital of almost 1.74 trillion yuan ($ 252 billion) is subordinate to the central government. The Ministry of Finance performs...

Google will invest $ 1 billion in housing construction in the San Francisco Bay area in the next ten years. The company will do so as the region’s largest employer. This was announced in the company's blog by its general director Sundar Pichai. He called the problem of the lack of affordable housing for people with low and middle incomes particularly acute and difficult for the city. Google has...

The most anticipated debut at the Cannes Lions-2019 festival will be the Chinese video application TikTok. It began testing ad placement features and is going to compete for advertisers with Instagram and Snapchat. TikTok has begun testing various products for advertisers, the Financial Times reported, citing several sources familiar with the company's plans. According to them, TikTok is testing...

Representatives of 661 US companies and trade associations sent an open letter to US President Donald Trump asking to seek an urgent solution to the problem of trade disputes with China. The business believes that the current confrontation is having a negative impact not only on companies, but also on consumers. On Thursday evening, participants of the Tariffs Hurt the Heartland public business...

American oil and gas company ExxonMobil and Saudi Basic Industries Corporation (SABIC) Petrochemical Corporation of Saudi Arabia will build a petrochemical plant in the US and the world's largest ethane steam cracking unit, the joint release of the companies says. "ExxonMobil and SABIC today announced a decision to begin construction of a chemical plant and ethane steam cracking unit with a...

IT company Salesforce.com concluded the largest deal in the field of mergers and acquisitions in its history by purchasing Tableau Software for $ 15.3 billion. Salesforce is known worldwide for its cloud-based CRM, and Tableau Software specializes in cloud computing, database processing, infographic construction, and data visualization for analysis. Tableau is headquartered in Seattle, and its...

American Intel has agreed to buy a startup Barefoot Networks in order to expand the scale of its network technology and better compete with Broadcom, said the IT giant. Although Intel is the largest manufacturer of computer chips in the United States, the company has not yet released chips that support data transmission over Ethernet, a widely used technology for connecting computers and servers....