Investors pull out from US stock funds
Wall Street has been put on defensive mode ever since Donald Trump became the president of the United States. This led to investors pulling out $8.9 billion from US stock funds that ended on March 22 according to a research conducted by EPFR Global.
Mar 27, 2017 8:02 AM EDT
HSBC breaks tradition, names AIA boss Mark Tucker as chairman
The chief executive of the Asian life insurer AIA Group will take over as HSBC chair on October 1, the first outsider to take on the role that breaks an HSBC tradition.
Atlanta Fed appoints first African-American regional president as major step in diversity
The move marks as a progress for Atlanta Fed in regards to diversity as Bostic becomes the first African-American regional president in its history.
Wells Fargo reshuffles execs, demotes three managers over fake account scandal
Scandal-ridden bank initiates organizational clean-up due to alleged mistreatment of workers aside from the popular fake account scandal. Wells Fargo vows to be a more streamlined, efficient and consistent consumer bank.
Latest News
Lenovo Third Quarter Profits Plummet
Tech company Lenovo posts a drop in its third quarter profits as it faced "sizeable" challenges in its business.
Feb 19, 2017 9:11 PM EST
Retail Spending in UK Rises Slightly in January
UK retail spending sees 1.5 percent growth year-on-year in January 2017 compared with January 2016. Retail spending in the UK saw a 1. 5 percent growth year-on-year in January 2017 compared with January 2016, the lowest growth the sector has had since November 2013, according to the latest official figures of the Office of National Statistics (ONS).
Feb 19, 2017 8:12 PM EST
Exxon boosts Permian basin holding in deal worth up to $6.6 billion
Exxon Mobil Corp (XOM.N) said it would buy companies owned by the Bass family of Texas in a deal worth up to $6.6 billion.
Jan 17, 2017 12:03 PM EST
69 Percent of Respondents : Trump Didn't Have To Sell His Business
The US President-elect, Donald Trump, has promised to hand out of his business empires to his children before get sworn as the president next month. Some politicians stated that Trump's words just to avoid potential conflicts of interest.
Dec 07, 2016 9:57 AM EST
Jason Miller : Mr.Trump's Stock Sold In June
"The US President-elect sold his company stocks in June " said a spokesman, Jason Miller. Trump's company well known as one of the world's best corporation, among Walmart, Master Card and Apple.
Dec 07, 2016 3:10 AM EST
Crown Finance Launches Freedom Home Loans
New Zealand home buyers have the new option for home loan. On Tuesday Crown Finance Limited launched its Freedom Home Loans.
Mar 30, 2016 8:28 AM EDT
Bitcoin underrated by more than $200 according to Investment Bank Needham & Co
The report released by Needham & Company, an investment bank and asset management company, showed that bitcoin has been undervalued by more than $200, nearly 58% based on the current price.
Mar 30, 2016 7:58 AM EDT
Nevada Waves $9.2 Million Sales Tax To Allure Hyperloop’s $121 Million Project
Hyperloop Technologies Inc. has been implementing an innovative idea of Tesla CEO Elon Musk through developing a new concept of transportation platform. The Los Angeles tech giant considers for spending $121 million to develop the full track at Apex Industrial Park. To allure the investment, Nevada state officials have waved $9.2 million sales tax applicable on the capital expenditure.
Mar 29, 2016 9:33 AM EDT
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
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
Japan Finance Ministry Recruits Fashion Editor to Encourage Women to be More Involved in The Country's Economy
The Japan Finance Ministry is organizing a seminar for women covering the topics on the country’s fiscal policy. Women’s fashion magazine editor-in-chief Hiromi Sogo will serve as one of the six female speakers encouraging women to take a more active role in the country’s economy.
Feb 29, 2016 9:32 AM EST
Zoopla sets new record as 58mln homebuyers visits in January 2016
British property website Zoopla has set a new record in attracting more number of visitors to its webpage. About 58 million visits to Zoopla website and app by homebuyers was recorded in January 2016. Zoopla has announced better than forecast results for 2015.
Feb 26, 2016 8:45 AM EST