Saudi Arabia is considering possibility of an initial public offering of the state oil company Saudi Arabian Oil Co. (Aramco). The decision may be taken in the coming months. Crown Prince Mohammed bin Salman aired the possible sale of a stake in Aramco in an interview with Britain's The Economist. Currently, Aramco controls more than 10% of the world oil market’s production. It is not known...

Apple is going to curtail output of new iPhone models at 30% in the first quarter of this year due to the downturn in sales, reported Nikkei newspaper. This announcement caused a drop in shares of Apple and its partners - manufacturers of components. In the first quarter of 2016, Apple will reduce production of the iPhone 6 and iPhone 6s models by 30%. This is was announced by the Japanese...

The Japanese brewer Asahi plans to buy Talking Rain Beverage, the American carbonated beverage manufacturer, the newspaper Nikkei reports, citing informed sources. According to the newspaper, the deal on purchase of all shares of the American company could reach 50 billion yen ($ 400 million). It will be Asahi’s first deal with a company from the United States. A representative of Asahi said...

Chinese antitrust regulators fined eight companies engaged in maritime transport, totaling 407 million yuan ($ 63 million), accusing them of conspiring to cartel overcharges for transportation of vehicles and heavy equipment. Basing on the finding of National Development and Reform Commission (NDRC), the main function of which is to control prices in the PRC, a number of companies was recognized...

The outgoing year was not fruitful in regard to high-tech companies’ IPOs. However, some players have managed to attract Wall Street’s attention and held initial publics very well. Observing lack of high-profile IPOs, financial analysts concluded that the "Unicorn" era is coming to the end (“Unicorns” are technology companies that have achieved valuation of more than $ 1 billion without going...

Enterprise Products, a company from Texas, became the first American company to sign a contract on oil exports after the abolition of the 40 years old ban. In early January, the company will send 600 th. barrels. to a refinery in Switzerland. In the first week of January, the American Enterprise Products will ship 600 th. barrels of oil produced in Texas from the terminal in Houston. Thus, it...

According to Bloomberg, state of Mexican billionaire Carlos Slim has decreased by almost $ 20 billion from the beginning of 2015. This is the biggest loss in the ranking of the world richest people this year. In the current year, Mexican billionaire of Lebanese descent Carlos Slim has moved from third to fifth place in the ranking of 400 richest people in the world, according to the agency...

Apple has signed a cooperation agreement with UnionPay, the largest in China payment system, within the planned launch Apple Pay in China in 2016. The agreements were signed with 15 Chinese banks, including the Agricultural Bank of China, Bank of China, China Construction Bank and ICBC. Apple has signed an agreement with China's largest payment system UnionPay, as well as 15 Chinese banks as part...

Federal Court of Australia decided to remove some types of painkillers "Nurofen" from pharmacy shelves, accusing the British manufacturer Reckitt Benckiser of misleading consumers. The Court concluded that the drugs, differently positioned for specific types of pain, such as migraine, back pain and others, are completely identical. All of them contain a standard quantity of active material -...