Banks seeking to strengthen their relationship with Saudi Aramco are considering doling out cheap loans worth billions of dollars, before the oil giant’s stock listing, according to a report by news agency Reuters, citing sources from the banking industry and export credit agency (ECA) sources....

It would be by 2021 that General Motors Co would begin making profits from the sale of electric cars, said the company Chief Executive Mary Barra in what is being described as a bold promise to investors.   But how that would be achieved has not been described by Barra. And this is critical...

A bet that London would continue to retain its position as the center piece in the European financial market even after Brexit is being placed by Spain’s Alantra Partners SA. And this is the reason that the Spanish bank is contemplating the moving of its present global headquarters from Madrid...

The race for creating more efficient pickup trucks among automakers is getting hotter as Ford Motor Co intends to gain some marketing edge over rivals in this segment and plans to unveil and launch a diesel engine version for its best-selling F-150 pickup truck in the spring.   The F-150...

While stressing that there had been no reports of any known hacking or even attempts to do so, iPhone manufacturer Apple Inc. has said that the chip security bug that was detected and revealed earlier this week, have the potential of affecting all of its Mac computers and iOS devices such as the...

The biggest rocket launched so far is going to be sent to space by SpaceX.   The rocket has been named the Falcon Heavy and would be launched by end of the month. This was announced by the Chief Executive of the company Elon Musk through social media earlier this week.   The...

The national oil giant Aramco of Saudi Arabia has been turned into a joint-stock company from first January this year. This is being viewed as a crucial measure for the company set to make initial public offerings (IPO) sometime later t his year.     Saudi Arabia wants to amass money to...

Travis Kalanick, who is the co-founder of the ride hailing company Uber and who was removed from his position as chief executive in June last year, is reported to be selling off at least two thirds of his share in the ride hailing company.   According to media reports quoting sources with...

Talks between the Thai government and some other possible backers and the London-listed Metal Tiger has started, the company said, even as it fights on with its dispute with Australian gold miner Kingsgate Consolidated before a shareholder meeting early next year in Sydney.   The...

The re-hauling of the U.S. tax rates by President Donald Trump would cost about $5 billion in earnings hit for Goldman Sachs Group Inc. The lender said that the hit would take place in the fourth quarter.   This is the first time that a major U.S. bank has provided any details of the...

The software that Apple Inc. used to display to users whether their phone battery is good would be changed by the company in addition to the iPhone maker reducing the prices for the replacement of its batteries. This was announced by the company recently after the company faced huge flak from users...