Asia Stocks Make Tentative Gains, Brent Tops $91
Asian shares swung higher on Monday as Wall Street futures stabilised, though tests loom ahead as UK interest rates are…
Category: World
Goldman Sachs Forecast Five Rate Hikes In Federal Reserve This Year
Goldman Sachs is forecasting that the U.S. Federal Reserve will raise interest rates five times in 2022, versus four previously,…
Employee Of Deutsche Bank’s “Postbank” To Stage Strike
Some employees of Deutsche Bank’s Postbank will stage a strike on Monday to raise pressure on management to meet their…
Chevron Report Fourth Quarter Profit
Chevron Corp on Friday reported a fourth quarter profit, which missed estimates by analysts on weaker than expected oil and…
Europe’s Tech Stocks Set For Biggest Monthly Drop In More Than 13 Years
European technology stocks fell on Friday and was on track for its biggest monthly drop since the 2008 global financial…
China issues draft rules for fakes in cyberspace
China’s cyberspace regulator issued draft rules for content providers that alter facial and voice data. This latest measure was put…
Elon Musk’s Net Worth Dropped By $25.1 Billion
A massive sell-off of Tesla shares slashed Elon Musk’s net worth by $25.1 billion, one of the biggest declines ever…
China Securities And Regulatory Commission Is In Talks With Foreign Bank To Soothe Economic Concerns
The China Securities and Regulatory Commission (CSRC) met this week with the executives of top western banks and asset managers…
Google To Invest $1 Billion In Airtel
Alphabet Inc’s Google will invest up to $1 billion in Bharti Airtel in a move that could help bolster the…
GM plan to dethrone Tesla in electric car sales by 2025
General Motors will invest roughly $6.6 billion in its home state of Michigan over the next several years. The new…
Facebook’s Cryptocurrency Venture To Wind Down And Sell Tech Asset
Meta Platforms Inc’s digital currency venture Diem Association is winding down and selling its technology to California-based Silvergate Capital Corp for…
Market Volatility Cause Wetransfer Owner To Cancel IPO
The company that owns the WeTransfer file service is cancelling its initial public offering (IPO), Europe’s first prominent tech offering…
Apple Smartphone Market Hit High Record In 2021 Q4
Apple’s smartphone market share in China hit a record high in the fourth quarter of 2021, with the iPhone maker…
S&P 500 Trading Session Ended Bearish
Wall Street had a relatively bearish trading session with the S&P 500 ending the trading session lower on Wednesday, taking…
Oil Price Hits $90 Per Barrel
Oil prices rose on Wednesday to $90 a barrel for the first time since 2014 — amid rising tensions between…
Tesla Won’t Release Any New Model This Year- Elon Musk
Tesla CEO Elon Musk said during the company’s fourth-quarter earnings call that the company won’t release any new models this year,…
Spanish Bank Santander Set To Launch “Buy Now Pay Later” Service
Spanish bank Santander is launching its own “buy now, pay later” service in Europe, in a bid to fend off…
Even And One To Be Acquired By Walmart Backed Startup
A financial technology start-up that Walmart created and backed said Wednesday it is acquiring two more companies as it aims…
Baidu’s Electric Vehicle Arm Jidu Raises $400 Mln In New Funding Round
Baidu’s electric vehicle (EV) arm Jidu Auto said on Wednesday that it had raised nearly $400 million from Baidu and…
Ripples Buys Back It’s Series C Share
Ripple’s CEO, Brad Garlinghouse took to Twitter to announce that his company has bought back its Series C shares which…
SKC Consortium Invests $80 Million In UK Anode Startup Nexeon
A consortium including South Korean chemical company SK Co Ltd has invested $80 million in British battery materials startup Nexeon…
Toshiba Begins Partial Production In Quake Hit Plant
Toshiba Corp on Wednesday said it had partially restarted production at a semiconductor plant in Oita, southern Japan, that was…
Mixed Trade In Asia Stocks
Asia markets traded mixed on Wednesday, after U.S. equities tumbled overnight in another volatile session as investors await the Fed…
Swedish “Buy Now Pay Later” Fintech Firm To Launch Physical Card
Swedish fintech firm Klarna is embedding its “buy now, pay later” service into a physical card in the U.K. The…
LG Q4 Profit Drops By 30 Per Cent
South Korea’s LG Display Co Ltd posted on Wednesday a 30% drop in quarterly operating profit on the year, hit…
Stock Market Bearish Bet Boost Short Sellers Profit
Short sellers are reaping huge profits this year, as the stock market’s brutal bloodbath fuel their bearish bets. The short-selling…
Crypto Market Loses $356bn In 24 Hours — And $1 Trillion In Two Months
The value of the cryptocurrency market stood at $1.61 trillion on Saturday, representing 11.8 percent decline over the last day,…
Tesla Countersue Bank For Seeking Windfall
Tesla Inc on Monday fought back against JPMorgan Chase & Co over a disputed bond contract, countersuing the bank for…
Non Fungible Token Marketplace “OpenSea” Lose Coin To Hackers
The world’s largest Non Fungible Token marketplace, OpenSea, has reportedly lost 332 Etherium to hackers on Monday. This amounts to…
Toshiba Halts Operations At Chip Plant After Quake
Toshiba Corp said on Monday that it had suspended operations at a plant in Oita, southern Japan that makes semiconductors…