According to a recently published report in Bloomberg News, trading with a derivative tied to bitcoin prices for Wall Street investors will be allowed from now on by Goldman Sachs Group Inc.   The report said the trading with non-deliverable forwards that eventually pay out in cash has been...

Investors in Japanese auto companies will be looking out for trading cues given by the companies about their assessment of the future impact of the global chip shortage that has forced major auto companies around the world to curb production even as the analysts expect the biggest auto makers of...

Goldman Sachs has become the first major US investment bank to establish a cryptocurrency trading desk. The team has already successfully traded two types of bitcoin-related derivatives. Goldman Sachs has officially launched the era of cryptocurrency trading on Wall Street. The bank has officially...

With governments considering plans for waiving off of patent protection for Covid-19 vaccines, there was a fall in the shares of vaccine makers. Analysts however said that   investor sentiment could be rattled or impact long term business prospects.   There were some analysts who...

India became the latest country to keep the Chinese telecom equipment making companies Huawei and ZTE from its 5G trials. This decision was taken by the telecom ministry of the country.   In an announcement for entry of telecom companies into the roll out of 5G networks in India, permission...

The media business of Verizon Communications Inc will be sold off by the company. These businesses include those of the iconic brands Yahoo and AOL. The company expects to generate $5 billion from those deals. This move will bring an end to the expensive and unsuccessful foray of the company in the...

A $130 million funding round in a solid-state battery startup, Solid Power, is being led by Ford Motor Co and BMW AG, the companies said in Monday. Car maker all over the world are trying to push down the costs of electric vehicles through investments in development of affordable but powerful...

Net profit of pharmaceutical company Pfizer Inc. attributable to shareholders in the first quarter of 2021 rose almost 1.5 times to $4.877 billion, according to the financial statements of the US corporation. Diluted earnings per share for January-March were $0.86 compared to $0.6 a year earlier....

Jewellery house Pandora, which produces the largest amount of jewellery in the world, will no longer use natural diamonds. The brand is abandoning another natural material for ethical reasons, AlJazeera reported on May 4. The maker of affordable jewellery will now produce diamonds in laboratories,...