The Crown Prince of Saudi Arabia Mohammed bin Salman will soon be taking a decision about the initial public offering for the state-owned oil company Saudi Aramco which can be expected to be launched soon, said the energy minister of Saudi Arabia.   "It is going to come soon ... but it will...

Discussions about a possible partnership between Peugeot, Vauxhall owner PSA and car giant Fiat Chrysler is currently ongoing. This news of a possible tie up was recently confirmed by Fiat Chrysler.    The talks were also confirmed by PSA, which operates UK Vauxhall factories at...

The third quarter performance of the German lender Deutsche Bank reported a new t loss that was more than what the markets were expecting as the bank’s performance was impacted by a major restructuring plan being implemented in the company.   During the third quarter, the bank made a net...

A Reuters report based on information from sources claimed that Saudi Aramco is set to announce the launch of its Initial Public Offering (IPO) on November 3. The much awaited IPO, the largest ever in history, had been delayed a number of times – including earlier this month, so that advisers have...

According to Indonesian investigators probing the fatal crash of the a Lion Air flight last October, the seeds of the accident were sowed in the lack of understanding in the part of Boeing about the risks in the design of cockpit software on its 737 MAX craft and added that such an action was also...

While defending the $1.7billion payout to Adam Neumann, the co-founder of the United States based office-sharing company WeWork, its new Executive Chairman Marcelo Claure said the company now faces ‘zero risk’ of going bankrupt – potentially hinting at the fortunes of the company after the ouster...

Costs towards booking charges for addressing the potentially costs of engine defects in the United States and its home market impacted the earnings of the South Korean auto giant Hyundai Motor for the third quarter forcing the company to miss analysts estimates by a significant amount.   The...

In a surprise announcement, United States based electric car maker Tesla announced a fourth quarter profit for 2018 at $139 million which is the first time that the company has managed to post two consecutive quarters of profits in the 15 years that it has been in operation.   According to...

Even as Japan’s investment conglomerate SoftBank reached a deal to takeover United States based office space sharing firm WeWork through owning a majority stake at the company, the deal has come as a boon for the beleaguered co-founder of WeWork - Adam Neumann. He is slated to part the company with...

Japanese auto giant Toyota has stressed that it would soon bring in its battery electric vehicles (BEVs) into the large Indian market.   The first all-electric car to be manufactured by Toyota India in collaboration with the Indian auto major Maruti, Toyota's chief technology officer,...

Weak demand for construction and mining equipment all over the world has drive the industrial equipment manufacturer Caterpillar to report a larger than expected drop in revenues for the third quarter of the current year. This forced Caterpillar, which is also known as the industrial bellwether, to...