In June, the IMF named Deutsche Bank the world’s riskiest financial institution. Experts believe that the bank is unlikely to repeat the fate of Lehman Brothers, but if it does happen, the consequences for the global financial system can be catastrophic. In late June, the International Monetary Fund (IMF) has called Deutsche Bank, still reeling from the effects of the global financial crisis of...

Japanese telecommunications company SoftBank Group is ready to buy British corporation ARM, produces processors for mobile devices, Financial Times reported, citing sources familiar with the situation. Estimated amount of the transaction numbers £ 24.3 billion ($ 32 billion). If the deal goes through, the purchase of ARM will be the largest in the history of European technology. According to...

In the II quarter, net profit of Citigroup Inc. decreased by 14% compared with the same period last year; at that, net profit of Wells Fargo fell 2.8%. Extremely low interest rates continue to put pressure on profitability of credit institutions. Net profit of US bank Citigroup Inc. in the II quarter of 2016 was $ 3.998 billion, or $ 1.24 per share, compared with $ 4.65 billion, or $ 1.45 per...

Shares of Swatch watches fell by 14% at the opening of trading on Friday. It happened after the company warned that profits in the first half of the year will be 50-60% less than a year ago. In fact, the true reason is quite simple: sales of luxury watches are falling. In 2015, exports from Switzerland fell for the first time since 2009, dropping by 11.1% compared to last year in April, according...

The corporation is suspected that setting limits on advertising opportunities of partner companies. Thursday, July 14, The European Commission has brought to Google new claims relating to promotional activities of the corporation. The idea is that the company, using a dominant position in online search, is limiting opportunities of partner companies to place advertisements of Google’s...

Market capitalization of Amazon online retailer got ahead of Warren Buffett's Investment Corporation Berkshire Hathaway. When trades were closed on July 11, Amazon's capitalization was $ 355.7 billion, while Berkshire Hathaway’s - $ 354.9 billion. The publication notes that Amazon’s quotes have been constantly increasing and updating the historical highs from mid-May. The most expensive company...

US Federal regulators have banned Elizabeth Holmes, founder and CEO of Theranos startup medical, from heading blood tests laboratories, or owning them. Above that, the regulators revoked license of Theranos Laboratory in California. The organization will no longer be get subsidies within the state programs for indigent and seniors Medicare and Medicaid. The regulator, Centers for Medicare and...

French company Danone, the world's largest yogurt maker, announced its intention to acquire US producer of organic products WhiteWave Foods priced at $ 56.25 per share in cash. The amount of the transaction includes WhiteWave’s debt amounted to $ 12.5 billion, according to Danone’s report. It is reported that the transaction has been unanimously approved by boards of directors of both companies....

International mining group Rio Tinto intends to sell its stake in Australian coal mine for a symbolic sum of one Australian dollar. The buyer will also receive 80 million Australian dollars to restore the facility. British-Australian group Rio Tinto is going sell its stake in a closed coal mine for $1 Australian dollar ($ 0.75). The company has already confirmed the talks on this issue with...