Daily Management Review
Business & Finance

Deutsche Bank gets $ 170 million fine for Euribor manipulations

Deutsche Bank’s fine for manipulating the interbank rate will be higher than that of its competitors, Barclays and HSBC. As German business edition Handelsblatt writes, the German bank will have to pay $ 170 million for the scandal with Euribor. This money will go to settle the lawsuit of investors...

This Might Be Just The Start For The Big Tech Rout In The Market

Was the dip in tech stocks the start of a significant reversal for the high-flying group or was the Friday drop a one-day aberration is the big question remains after that incidentgn at the stick market.   Closing the day with a loss of 2.4 percent, the Nasdaq 100 fell powerfully...

Investments made Jaguar to Form Self-Driving And Car Rental Pact With Lyft

As the second-largest U.S. ride-hailing company tries to capitalize on missteps by Uber Technologies Inc., Lyft Inc. is expanding its roster of automotive partners.   Jaguar Land Rover said that it will offer vehicles for rent to the San Francisco-based startup’s drivers and it is...

In Africa - Israeli Solar Power Takes On Jihad

Expecting to capitalize on the Trump administration's emphasis on "fighting Jihadism" is Israeli-American solar power generation company Energiya Global. Half of his company's projected pipeline of some 1500 Megawatt of solar power in Africa over the next five years, is in places "where the U.S....

Robotics Businesses From Alphabet Inc Bought By Softbank Unit

Adding to Japan's SoftBank Group Corp’s growing artificial intelligence portfolio would be two firms that build walking robots from Alphabet Inc, which would be bought by a unit of the company, it announced on Friday.   Boston Dynamics and Tokyo-based Schaft, which design and manufacture...

Alibaba's founder adds $ 2.8 billion to his capital overnight

Capital of Jack Ma, the founder of the Internet company Alibaba, grew by $ 2.8 billion in just one day against the background of the company's sales forecasts, reports Bloomberg. Shares of Chinese Internet giant Alibaba Group Holding jumped by 13% on Thursday on a strong revenue forecast. Thus, the...

Pinterest attracted $ 150 million of investment and is now estimated at $ 12.3 billion

One of the hottest start-ups in the Silicon Valley has attracted more than $ 1 billion since its inception in 2010. Visual social network Pinterest announced closure of a new investment round for $ 150 million. The company specified that the service was financed by the same investors who had...

Woes For Gulf Airlines Deepened By The Arab Rift

Exposing the sensitivity of Gulf hubs to regional uncertainty and creating openings for rival airlines - at least in the short term, a bust-up between Arab powers has dealt a blow to supercarriers already hurt by low oil prices and laptop bans.   Passengers of Qatar airlines were left...

Before Venezuela Bond Deal, Warnings Heeded By Goldman, Nomura

Partly because it would mean dealing directly with a Venezuelan state bank, Goldman Sachs turned down a request from Caracas to convert $5 billion in sovereign bonds into marketable securities in early May, reported the media.   After opposition politicians called it to warn about the...

Toyota refuses partnership with Tesla

Toyota Motor Corp., a Japanese automaker, has discontinued its business and capital partnership with Tesla Motors Inc., having sold its entire stake in the US manufacturer of electric vehicles, the Nikkei writes. Toyota's decision suggests that Japan's largest automaker does not see the need to...
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