Result Page 264 for Archives

Toyota investing $50 million in artificial intelligence for cars

Toyota announced their five years investment plan for research in the artificial intelligence sector with MIT and Stanford Univesity.

Sep 11, 2015 2:11 AM EDT

News

YouTube responds to advertisers clamor for more data transparency

YouTube is planning to give more option to advertisers when using their advertisement services including allowing third-party services.

World

Europe milk over-supply makes it cheaper than water

Europe is selling milk cheaper than water. Because of the food embargo imposed by Moscow and the decreased demand of China, dairy farmers are struggling forcing them to sell their precious produce lower than their production cost.

World

Offshore Yuan drops as China steps back from market intervention

Offshore Yuan was rising on intervention of Chinese government and dropping, when the central bank restricting its support. As a result, Chinese currency is fluctuating in domestic and Hong Kong markets. The market intervention has resulted in huge drop in the country's forex reserves.

China economy concerns: It's overdone, says Goldman Sachs

Goldman Sachs assures investors that the global markets need not worry over the China's economy slowdown, currency devaluation or drop in manufacturing industry output as it's overdone already. China is growing at seven percent and this is enough to create new jobs and support the transition of economy from infrastructure-based to consumer spending based economy.

Sep 10, 2015 11:42 PM EDT

Corruption scandal rocks crisis-hit Brazil while government gears up for tax hike

At a time when the corruption scandal is shaking the Brazil, the government is thinking of raising tax rates. On the other hand, Brazil's economy is projected to shrink by two percent for 2015. The budget deficit is alarmingly widening.

Sep 10, 2015 11:35 PM EDT

MMI Holdings profit slips 10%

South African insurance company MMI Holdings' profit fell 9.8% for the year ending June. Market volatility, inflation rise and economic slowdown impacted the insurer's performance. As part of its diversification plan, MMI Holdings is expanding overseas and developing new products.

Sep 10, 2015 11:19 PM EDT

China Panda TV is Amazon Twitch.tv's nemesis

Amazon Twitch.tv will meet its difficult rival, Panda TV and will just be surprised. It will be facilitated by Wang Sicong, chairman of Prometheus Capital and son of Wang Jianlin, the wealthiest man in China and the chairman of Dalian Wanda Group.

Sep 10, 2015 9:46 AM EDT

HTC is being removed from a major index on Taiwan’s stock exchange on September 21

HTC is being removed from Taiwan Stock Exchange FTSE TWSE Taiwan 50 index days after the company reported its lowest revenue in 8 years.

Sep 10, 2015 9:31 AM EDT

Kirin to purchase more stakes in Southeast Asian companies as it sees economic potential

Kirin, the leading Japanese brewery brand is seeking more stake purchase of Southeast Asian companies as the economic growth in the area continues to rise.

Sep 10, 2015 9:08 AM EDT

TD Bank Group CEO to Exercise Options and Donate Acquired Shares to Charity

TD Bank Group CEO Tim Hockey will exercises 28,812 options and plans to donate the portion of his shares to charity.

Sep 10, 2015 8:55 AM EDT

Automotive Lean Manufacturing Techniques Revamp Wisconsin Maker of U.S. Navy Warships

With the use of lean manufacturing techniques from the automotive industry, a $100 million worth of investments, and a more engaged workforce, the Wisconsin shipyard where U.S. Navy's coastal warships are built was revamped.

Sep 10, 2015 8:44 AM EDT

Bourbon SA Pulls Out 35 Vessels Due to Overcapacity, Widening Losses

Giant French ships supplier Bourbon SA pulls out 35 vessels from operation due to overcapacity in the market, which results to more losses.

Sep 10, 2015 8:42 AM EDT

Japanese stocks at a seven-year-high, 7.7% higher

Japanese stock market soared to a seven-year-high after Chinese economy stabilized. Japanese stocks went off the roof Wednesday as the country's Nikkei Index closed at 7.

Sep 10, 2015 8:40 AM EDT

BMW invests millions in a startup that parks your car

BMW invests an undisclosed amount in a startup offering valet service apps, ZIRX. BMW, the German automaker is investing millions in a new parking startup based in San Francisco.

Sep 10, 2015 8:34 AM EDT

The Investment Association Launches Major Crackdown on Executive Pay

Being one of UK’s most powerful shareholder groups, The Investment Association, has commissioned the Executive Remuneration Working Group to launch a major crackdown on soaring executive pay.

Sep 10, 2015 8:29 AM EDT