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UAE’s IHC offers $2.8bn to acquire stakes in Colombian food giant...

The International Holding Company (IHC), UAE-based investment giant, has officially received the authorization from the Colombian Superintendency of Finance for its subsidiary, IHC Capital...

MGM purchase to be a tough one for Amazon as US...

US-based eCommerce mammoth Amazon's move to buy the MGM movie and TV studio will provide fuel for the company's critics in the US who...

US-based Citigroup to raise $6bn through unit sale

American multinational investment bank and financial services company Citigroup could raise up to $6 billion by selling retail banking assets in 13 markets across...

Big blow to Reliance, Future: Top Indian court rules in favor...

Indian Supreme Court has stopped regulatory approval for Future Group’s $3.4 billion asset sale to billionaire Mukesh Ambani's Reliance Industries, halting the deal for...

US takes aim at China’s Xiaomi in an unexpected move; Shares...

The shares of China's second largest smartphone maker Xiaomi plunged 11 percent after the Trump Administration blacklisted it and 10 other companies, continuing its...

China hopes for better relations with US in 2021

China and the US can open a "new window of hope" in bilateral ties in the new year, Chinese Foreign Minister Wang Yi said,...

China, EU near investment agreement

According to European officials, China and the European Union (EU) are likely to sign a deal this week that would give EU firms better...

H&M penalized for spying on employees: Will pay one of the...

Swedish multinational clothing-retail chain Hennes & Mauritz AB (widely known as H&M) has been fined more than $41 million by the German data protection...
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