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Indian Rupee Rises by 47 Paise Against the Dollar Following Election Results
24.5.2019
When it comes to the markets, stability is something that investors crave, and that is exactly what happened with the elections in India this year. Back in 2014, the Bharatiya Janata Party had come power on the back of a thumping majority but in 2019, it came back to power with an even greater...
Chilean Mining Giant Codelco’s Copper To Be Hit As Mines Go Underground
24.5.2019
As far as the largest mining companies are concerned, they have the capability of taking big hits over the short term. However, it takes a whole new dimension when a company’s largest mine is out of business due to a restructuring process. That is exactly what has happened with Codelco, the Chilean...
Indian IT Giant Infosys Completes Strategic Deal with ABN AMRO
24.5.2019
One of the most remarkable success stories over the past three decades has been the continued rise of the information technology sector in India and among the many companies that have sprung up; Infosys remains one of the most respected names. Throughout the past few decades, the company has grown...
Wall Street Believes That the Trade War with China is Set to Continue
24.5.2019
The trade war between the United States and China has proven to be the biggest diplomatic and economic issue in the world over the past few months. However, following the escalation of tensions between the two sides over the past few weeks, there is a belief that the trade war is going to persist...
Panasonic Becomes Latest Company to Sever Ties with Huawei
24.5.2019
One of the most incredible fallouts from out of the trade war between the United States and China has been the way in which Chinese tech giant Huawei has found itself pushed into a corner. The US had accused that the company’s telecom equipment is used for spying by the Chinese state and eventually...
Finance IT Infrastructure Firm Partners With Institutional Crypto Exchange Seed CX
24.5.2019
A new partnership between Avelacom and Seed CX will let Avelacom’s customers access Seed’s real-time market data and order-routing products
Maltese Government Awards 19 Blockchain Scholarships Using DLT Fund
24.5.2019
The Maltese government has granted 19 blockchain scholarships worth a total of $179,000
Business Morale in Germany Dips in May and Escalates Growth Concerns
23.5.2019
Over the past decade or so, Germany grew at a breakneck pace as it went on to become one of Europe’s and the world’s strongest economies. However, as everyone knows, a country cannot go on growing economically indefinitely, and it seems that Germany is now at that stage. The rate of growth...
As Deutsche Bank Shares Hit New Lows, CEO Promises Tough Cuts
23.5.2019
At one point of time, German banking giant Deutsche Bank was looked upon as being in the same category of some of the biggest banks of the world like Goldman, JP Morgan, and Barclays among others, as it set its sights on international domination. However, the financial crisis of 2008 burned...
Xi Jinping Warns China to Brace for Tough Time Ahead Amidst Trade War
23.5.2019
The trade war between the United States and China has been an incredibly damaging one for both countries, but needless to say, it is the latter which has had a tough time during this prolonged crisis. The Asian nation had put up a brave front throughout the course of the skirmish, but in a stunning...
Novartis Gene Therapy Treatment Might Cost Much Lower than $5 million to $4 Million
23.5.2019
Swiss drug manufacturing behemoth Novartis has almost always been at the cutting edge of drug research and one of the most ambitious projects that the company had embarked on in recent years was the one related to gene therapy. Gene therapy is needed to treat spinal muscular atrophy and consists...
US Copyright Office Responds to Craig Wright’s Bitcoin Registrations
23.5.2019
On May 21, 2019, a press release was sent to a variety of publications that said Craig Wright was granted two U.S. copyrights for the original Bitcoin white paper and version 0.1 of the cryptocurrency’s code. Meanwhile, the U.S. Copyright Office specifically addressed the matter in a press...
US Dollar Sustains Two and a Half Year Highs as Trade Tensions Grip
22.5.2019
The trade war between the United States and China has possibly been the most damaging trade issue that has engulfed the world in recent years. It is only natural considering the fact that the two nations are the two biggest economies in the world and when a trade impasse of this nature takes place...
Saudi Arabia States Oil Producers are Looking to Reduce Inventories
22.5.2019
One commodity that almost always sends investors into a bit of a tizzy is oil, and due to the current fragility in the oil market, there has been a lot of concerns from investors all over the world. In a recent report, Bank of America had even stated that the price of Brent crude could …
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Co-Founders of TransferWise Sell Partial Stake that Now Values the Company at $3.5 Billion
22.5.2019
One of the industries that have grown exponentially over the past half a decade or so is financial technology or better known as Fintech. Hundreds of such companies have opened up all over the world which are engaged in using cutting edge technology in order to provide their users with...
Despite Pain in China, Jaguar Manages to Post a Quarterly Profit
22.5.2019
There was a time when British companies used to rule the world, but over the years, some of the nation’s most successful companies have struggled during heightened competition and iconic car manufacturer Jaguar is certainly one of them. The economic slowdown in China over the past few months...
US Reprieve for Battered Huawei Helps in Recovery of Tech Sector Stocks
22.5.2019
Huawei is the world’s biggest supplier of telecom equipment, but over the past few months, the company has been in absolute turmoil as the American authorities accused that the company’s equipment was a vehicle for Chinese spying and eventually banned it. Additionally, the US also reached out...
Colombo Port to be built by Japan and India, Undermining China’s Belt and Road
21.5.2019
China’s rising influence in Asia and other parts of the world through its Belt and Road initiative has not gone unnoticed. The infrastructure program has come in for a lot of criticism from many nations as they claim that the whole thing is a plan from the Chinese to become one of the most powerful...
10% White Collar Jobs to be Cut by Ford Motors in a Major Revamp
21.5.2019
As far as car manufacturing giants are concerned, Ford Motors is in a league of its own, and over the past decades, the iconic company has expanded aggressively in a range of markets. However, it has generally had mixed results with regards to its global adventure, and after years of reversals...
As HSBC Guns for More Market Share, More Tech Jobs To Come Up in China
21.5.2019
HSBC Holdings is one of the largest banking giants in the world and over the course of its history; the bank has always had a strong presence in Asia. However, the lender is not going to rest on its laurels and is looking to further consolidate its presence in the continent by adding as many...