The US banks including Goldman Sachs and Morgan Stanley are recapturing their lost trding business from hedge fund customers. Thanks to the rules of Basel-III, which sets high capital requirements for trading activity in stocks, bonds, derivatives, etc. European banks like Deutsche Bank are falling short of capital requirements and losing trading business to the US banks.

Oct 07, 2015 02:31 AM EDT

Microsoft unveils its first ever laptop during a media event in Manhattan. The laptop which Microsoft claims could rival Apple MacBook Air comes with a twist that could change the laptop industry.

Oct 07, 2015 02:37 AM EDT

Journalist Victoria Lautman has been known to discover the ignored stepwells in India for the past four years. And because of her obsession to uncover the forgotten historical aspect of India, she discovered over 120 stepwells in the country.

Oct 07, 2015 02:18 AM EDT

Daimler AG's first autonomous truck, the Mercedes Benz Actros, initially hit the public road in Germany. The automated truck is expected to be released in the 2020.

Oct 06, 2015 10:06 PM EDT

Toyota Motor Corp has launched a new car Lexus GS making its entry into the market of self-driving cars. The Japanse automobile major is planning to launch three semi-automatic models this year. Toyota will also launch driverless cars by 2020, the year of Olympics in Japan.

Oct 06, 2015 09:55 PM EDT

Samsung is expected to announce its quarter earning report on Wednesday. The company has been carrying out lots of different strategy in order to increase its revenue especially in the smartphone industry.

Oct 06, 2015 09:35 PM EDT

Major US companies prefer to keep their overseas profits out of the country to avoid taxes. It's estimated that 500 large Amercian companies hold $2.1 trillion accumulated profits in safe havens. To repatriate this amount, the US companies need to pay $620 billion in taxes.

Oct 06, 2015 09:48 PM EDT

Apple Inc. announces that the company had acquired a startup that is developing an AI software that could be use in the smartphone. The software will helps users to avoid dependency on cloud computing for their image.

Oct 06, 2015 09:15 AM EDT

Games developer, Ubisoft, purchased the Ivory Tower, the French company that developed the popular racing game, The Crew.

Oct 06, 2015 09:06 AM EDT

Alexis Tsipras-led government has submitted a draft budget for 2016 to the Greece Parliament, The draft proposes stringent measures to reform the ailing economy. The measures include a tax hike, reduction in costs, slashing down in government spending, attracting foreign investment, etc.

Oct 06, 2015 05:07 AM EDT

South Korean electronics major Samsung may take up share buyback to boost the share price, which's suffering tis worst loss of streak since December 1983. The global electronics major may use its huge $55-billion cash reserves for share buyback.

Oct 06, 2015 05:05 AM EDT

Bill Gross, a bond manager and co-founder of Pimco, forecasts further 10% drop in the US markets as flat corporate profits, oil price drop, slump in commodities prices, uncertainty in global economy will continue to impact the markets in a negative way.

Oct 06, 2015 01:23 AM EDT