Controversial Shell’s Arctic Exploration plan will take decades before oil flows

THE HAGUE - Shell estimates to discover 20% of world's undiscovered oil and natural gas from the project. After the conditional approval for drilling in...

Scandals and controversies result in downfall of Wonga

LONDON - Wonga's big shift into red consist of 36% fall in lending volumes creating a reduction of customer base to 575000 last year...

China joins the league of world largest arms exporter following USA and Russia

SIPRI report has revealed that China has become the third largest arms exporter in the world. Surpassing the Europe's leading economies Germany and France, China...

Win for Credit Suisse as Prudential boss is swooped on board

Tidjane Thiam has replaced Credit Suisse veteran Brady Dougan Credit Suisse has poached Tidjane Thiam, the head of UK insurer Prudential to lead the underperforming...

Struggle continues for Eurozone as Euro suffers

The value of euro depreciated for more than 1% with pound after seven years Reaching more than seven years high, the pound sterling appreciated to...

Alibaba: the Chinese cyber-economic revolution

The Alibaba service has had unprecendented success and is now gaining in popularity worldwide Chinese e-commerce company Alibaba has been recognised as one of the...

Microsoft surpasses its competitors with $10.8 billion corporate bond sales

The software giant, Microsoft, held the largest corporate bond sale of the year worth $10.8 billion. Microsoft Corporation held the largest corporate bonds sale of...

Belarusian economy struggles as the Ruble depreciates

As an impact from the turbulence of Russian economy, Belarusian government imposed 30% tax on the exchange of foreign currency. Belarus has been vested into...

Anadolu Endustri buys half of BC partners for 2.76 billion USD

The Turkish retailer which holds capital in beverage sector companies such as Coca-Cola Co. is ready to pay USD 2.76 billion for 71.7 million shares of Migros supermarket networks...

Six RBS traders accused for insider trading

The employees of RBS were engaged in the crime for ignoring a group of investors' manipulating trades. The Royal Bank of Scotland (RBS) Group Plc....