As Saudi Arabian Oil Co. presses ahead with plans to raise $10 billion in debt, the company has set final pricing for its debut Islamic bond, reported the media quoting a person with knowledge of the matter. The person said, asking not to be identified as the information is private, said that debt is being…
Tesco will settle investigations by the Serious Fraud Office and Financial Conduct Authority into the 2014 accounting scandal that rocked Britain’s biggest retailer and will have to pay out £235 million to do so. Although this deal requires court approval, as part of a deferred prosecution agreement (DPA) with the SFO, it will pay a…
The view point of three quarters of bankers surveyed by consultancy Accenture in a new report is that within the next three years, artificial intelligence (AI) will become the primary way banks interact with their customers. The Accenture Banking Technology Vision 2017 report, which surveyed more than 600 top bankers and also consulted tech industry…
Now an artificial intelligence startup has the answer to how to track an advertisement without watching all of the hundreds of hours of TV shows or online videos to know when the advertiser’s product appears. Videos of all sorts of things like when President Donald Trump appears, or how often a man holding a gun…
The fact that President Donald Trump’s control of immigration and national security isn’t hampered by the state’s lawsuit over his travel ban is proved by the new U.S. government rules prohibiting the use of laptops and other electronic gadgets on flights from eight Muslim-majority nations, says Hawaii’s attorney general. In the manner that had been…
With the hope to ring fence losses ahead of the end of its financial year, Toshiba Corp’s U.S nuclear unit could file for Chapter 11 protection from creditors as early as Tuesday, reported news agency Reuters citing a source with direct knowledge of the matter. But it remains to be seen that whether the complex…
In order to see Honda Motor Co’s pet aviation project recoup its development costs, Michimasa Fujino, 56, chief engineer of the Hondajet, might have to reach a ripe old age after three decades building an airplane from scratch. Richard Aboulafia, vice president of analysis at aerospace consulting firm Teal Group, thinks it has likely spent…
It has been done by Germany’s state-owned development bank KfW once again. It had erroneously transferring hundreds of millions of euros to Lehman Brothers Holdings Inc. the day the U.S. firm filed for bankruptcy which had made it gain publicity. According to people familiar with the matter, because of a technical glitch that repeated single payments multiple times,…
While becoming the embattled U.S. theme-park operator’s largest shareholder, China’s Zhonghong Zhuoye Group Co. agreed to acquire a 21 percent stake in SeaWorld Entertainment Inc. from Blackstone Group LP. By expanding internationally, SeaWorld’s plan to restore growth is bolstered by the deal. To create its first park outside the U.S. Rivals such as Six Flags Entertainment Corp.…
The place where energy giants BP Plc and Reliance Industries Ltd. found a sea of trouble, is being ventured into by India’s Oil & Natural Gas Corp. Tapas Kumar Sengupta, ONGC’s director for offshore operations said that to help boost natural gas output and raise crude flows, the state-run company plans to invest in a region off…
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