In February, The European Central Bank completed a nine-month review of loan portfolio of the Italian Monte dei Paschi di Siena, the world's oldest bank. The Central Bank will take into account its results in assessing financial solvency of the financial institution. The bank said that the ECB had not yet announced results of the audit. "Final result of the audit will be taken into account when...

British mobile operator Vodafone has agreed to merge its operations in India with competing company Idea Cellular. The deal will create the largest telecommunications company in the country, as emergence of a new competitor caused a price war. The combined company will have nearly 400 million customers, surpassing the market leader Bharti Airtel. The new company will account for about 40% of...

Two consortia of private investment funds advanced their bids to Stada’s management to purchase this pharmaceutical company for € 3.7 billion. According to the Financial Times, the first consortium includs Advent International and Permira, and the second consists of Bain Capital and Cinven. Each of them offered to buy out shares of the German generic producer at a price of € 58 each. At the same...

Researchers from the University of Southern California conducted an analysis of all users of popular social network Twitter. According to the received data, the number of bots (fake pages) on the network reaches 8 million accounts, which is 15% of the entire user base. Scientists from the Universities of Southern California and Indiana have come to a conclusion that around 15% of all...

American corporation Intel announced purchase of Israeli company Mobileye for $ 14-15 billion, reports Reuters referring to Israeli financial newspaper TheMarker. According to the newspaper, the deal will be announced later on Monday. If the deal takes place, it will become the largest in the history of Israeli technology companies, notes the newspaper. Before that, Google bought an Israeli...

Airbnb service attracted investment of $ 1 billion; thereby the company’s value reached $ 31 billion. In addition, according to sources, the service managed to profit in the second half of 2016. Now Airbnb aims to diversify its business by offering customers not only accommodation, but also bicycle rental, city tours or booking a table in a restaurant. Online rental service Airbnb attracted...

South Korean corporation Samsung intends to expand its production in the US by investing at least $ 300 million in the country’s economy, according to The Wall Street Journal. The newspaper’s sources said that Samsung's efforts will initially create at least 500 new jobs in the US. In the future, this figure, along with an influx of additional investments, is expected to increase. The...

The newest gaming console of Nintendo has shown rather weak sales results in Japan. This can become a problem for the company, although there is a hope for a strong start abroad. The seasonal factor must be taken into account as well. Famitsu portal shared information about Nintendo Switch’s sales in Japan over the past week. So far, the statistics don’t look impressive. It should be noted...

The largest state-owned oil company Saudi Arabian Oil Co. will pay $ 2.2 billion to Royal Dutch Shell to complete withdrawal of Shell from Motiva Enterprises, a joint venture for processing in the US. The deal gives Saudi Arabia exclusive control over the largest US refinery with a capacity of 600 thousand barrels per day in Port Arthur, Texas. The State Oil Company of Saudi Arabia, known as...