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Rising Trade Tensions Threaten Asia's Economic Growth And Global Supply Chains 11/19/2024

ECB Sounds Alarm On AI Stock Bubble: A Looming Threat To Financial Stability 11/21/2024

U.S. Telecom Hack Exposes Major Security Vulnerabilities In Global Telecom Infrastructure 11/22/2024

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Business & Finance

Chain & Thales Get Together To Address Safety Concerns During Blockchain Transaction

Chain’s attempt to plug the security gaps in blockchain transactions. Chain Inc. is an U.S. startup company of blockchain technology, which has partnered with “Thales Group”, the latter being a “security firm”, whereby making it simpler for “large companies” using blockchain technology to “store...

U.S. Finance Giants Ready To Write Down ‘$21 Billion’ in Case Tax Rates Take Major Dip

The resolution of the U.S. President could result in “significant writedown”. Fannie Mae and Freddie Mac are U.S. finance giants in mortgage, whereby Reuters reported that they may “write down $21 billion of tax-related assets” in case they face a major cut in the tax rates of the federal...

Next’s ‘Medium Term’ Trading Confront Alarming Signals From Analysts At Credit Suisse

Investing in the shares of fragment apparel market becomes “increasingly hard to defend”. Credit Suisse’s analysts gave out an alarming signal in regards to “Next's trading over the medium-term”, adding to the “rapid decline” of clients observed at the “retailer's core profitability” while the...

For 2016, Flat Profits Reported by China Tech Giant Huawei

Profits are largely flat as sales continue to rise at Chinese tech giant Huawei and hence it is a mixed bag. According to the company, while overall revenue jumped 32 percent to 521.6 billion yuan ($75.1 billion), net profit edged up 0.4 percent to 37.1 billion yuan ($5.3 billion) in 2016....

Glencore to sell assets in oil storages

Glencore, one of the world's largest commodity traders, is at the final stage of negotiations to sell part of its assets in oil storages after a period of growth in the oil industry, Reuters reports citing its own sources. If the transaction takes place, Glencore is likely to receive minority...

To Bolster Blockcain Security, Blockchain Startup Chain Teams With Thales

With the aim of making easier for large companies that use blockchain technology to safely store their security credentials, U.S. blockchain startup Chain Inc has teamed with security firm Thales Group, the two companies said on Thursday. Concerns over security have in part slowed down the...

Wood Mackenzie Explains Why Deep-Water Oil Rigs Are Getting Back To Work

As producers move to scale down these mega-operations, the U.S. shale boom shaking the oil industry is changing the way deep-water oil exploration projects are carried out. "It's not so much innovation, it's more a change in mind-set," said Wood Mackenzie's upstream oil and...

U.S. Official Says Bangladesh Bank Heist Was 'State-Sponsored'

An FBI officer in the Philippines, who has been involved in the investigations, told the media on Wednesday that the online theft of $81 million from the Bangladesh central bank's account at the New York Federal Reserve last year was "state-sponsored." While this comment, made by Lamont...

Some National Agencies Worried Over EU Rapid Drug Approval Plan

Resistance from some of the national agencies that will ultimately decide whether the medicines are worth buying, is being faced by a push by the European Medicines Agency to speed up the approval of new drugs that show promise. Regulators are being pushed to cut through what they see as...

American banks unite to save money

Goldman Sachs, Morgan Stanley and Bank of America are planning to set up a joint venture to share trade processes and ideas. Since the financial crisis, the largest US banks have cut costs by more than $ 40 billion, and this is only the beginning. After Donald Trump’s victory, prospects for the...