EMV Credit Card Increase Security But Slow Implementation Will Make Consumers Vulnerable
Experts said the new chip-enabled or EMV credit and debit cards can help reducing fraud. However, incomplete adoption of chip cards and readers will make consumers and merchants vulnerable.
Mar 09, 2016 8:50 AM EST
South African Currency Slumped as Finance Minister to Resign Over a Spat With Tax Commisioner
South Africa’s currency has dropped to its four-year low after the news of the country’s finance minister threats of resignation was reported. Finance minister Pravin Gordhan threatens to resign over a spat with Tom Moyane, as the minister demanded the tax commissioner to be dismissed, or he himself would leave.
HTC Vive Will Have Google Tilt Application Pre-Installed
HTC announced to bundle its virtual reality (VR) headset with painting application from Google on Monday last week. HTC have also open pre-order and will start shipment in early April.
Iranian Crude Oil Exports To Europe Resumes, Breaking Deadlock Since Mid-2012
Ending a sanction on Iranian oil export, The Monte Toledo, an oil tanker appears as the first to deliver crude oil in Europe since mid-2012. Iran’s oil export during February falls short from its earlier announcement for adding 500,000 barrels per day to the global oil market. However, industry insiders presume for Iranian oil exports in larger volume to Europe and Asia during the current month.
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AC Milan Needs New Investment After Losing $100 Million in 2014-2015
The former European football giant in the 1990's are facing a financial strain. After a huge financial loss, AC Milan badly needs new investment.
Mar 07, 2016 9:17 AM EST
Brexit: Debate Continues In And Around The UK As Well As EU Countries
Debates in favor of and against Brexit continuing in the UK and also in the EU member countries. Except the world’s fifth largest economy, both EU and Britain, are believed to get weakened in exerting influence over global issues.
Mar 07, 2016 9:14 AM EST
Chinese Venture Capital Firm Pando Group is Investing $2 Million in Israeli Fintech Hub The Floor
Israeli fintech hub initiative is receiving $2 million investments from Chinese venture capital firm Pando Group. The partnership is expected to build the bridge between Israel companies and the Asian markets.
Mar 07, 2016 9:10 AM EST
Nigerian investment inflow falls by N2.3tn over the past three years
Nigerian investment flow in the previous three years has declined as a result of economic slowdown in the country. Investors lost their confidence in Nigerian economy citing global oil slump.
Mar 07, 2016 9:07 AM EST
Egyptian Billionaire Naguib Sawiris Will Finalize Acquisition of CI Capital Holding by the End of March
The acquisition will create a second largest investment bank in Egypt. Sawiris acquired CI Capital Holding with its investment arm, Orascom Telecom Media and Technology.
Mar 07, 2016 9:04 AM EST
French Utility EDF CFO Resigns Possibly For Disagreement With CEO Over £18 Billion Hinkley Point project
Thomas Piquemal, chief financial officer of the French utility EDF has been rumored to resign over disagreement with company CEO. Due to decade low wholesale prices of electricity, the business has been forced to borrow billions of Euros for payment of dividends. Under such financial hardships, Piquemal has suggested to wait at least three years in finalizing the project plan.
Mar 07, 2016 9:03 AM EST
Rob Mundy opens a new online research platform for investors
Rob Mundy, a former stock research expert, has launched Research Tree, an online investment research platform designed for private investors. With this new achievement, Rob Mundy aims to create a better source of information for online investors.
Mar 07, 2016 9:00 AM EST
PSE To Formulate Market Friendly Laws Facilitating DDS Transactions
PSE has been seeking comments and suggestions on its proposed law for transactions of DDS. The procured comments and suggestions will be evaluated while drafting the rule, aiming to reflect market demands. Comments and suggestions may be sent up to March 22.
Mar 07, 2016 8:59 AM EST
Old Mutual Reportedly Planning to Split Into Several Units, The Company Stated It's Considering All Options
Giant South Africa-based international banking group Old Mutual has stated that they are considering all options as a result of a strategic review. Many believe that the group is planning to split itself into several business units.
Mar 07, 2016 8:55 AM EST
'Little Ripper', A $200,000 Helicopter Drone That Will Guard Australian Coastlines Against Shark Attack
Australian lifeguards will get a help from 'Little Ripper' to detect shark presence along New South Wales' coastlines with its aerial view using infrared cameras. The project costs $200,000 where Westpac sponsors the trial for the search and rescue operations.
Mar 01, 2016 9:00 AM EST
Danske Bank Cuts Jobs For Adapting With Post Crisis Landscape
Danske Bank has reportedly spent $60 million against its workforce compared with a year earlier. Meanwhile, the bank company has recently achieved an average ‘buy’ rating from most of the analysts. To retain the achievement with further upgrading, the bank has adopted cost cutting measures which include job cuts in 46 positions of mostly the IT portfolio.
Mar 01, 2016 8:57 AM EST
WhatsApp Will Stop Its Services for BlackBerry, Nokia, Older Androids and Windows
Facebook’s WhatsApp announced that they will stop supporting older mobile platforms, including BlackBerry, Nokia, as well as older Android and Windows operating systems. The decision would allow the app to further improve its features beyond older smartphones’ capabilities.
Mar 01, 2016 8:55 AM EST
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