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According To S&P, China's Fiscal Stimulus Is Becoming Less Effective 04/19/2024

Florida Woman Who Alleged Baby Powder From J&J Triggered Her Cancer Loses Lawsuit 04/19/2024

Hong Kong Is Expected To Approve Its First Spot Bitcoin ETFs In April – Reports 04/14/2024

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Business & Finance

Deutsche Telekom raises 2017 outlook

Unperturbed by the collapse of the mega deal between T-Mobile US and Sprint Corp, Deutsche Telekom’s third quarter earnings have beaten analysts’ expectations. Leaving behind the collapse of the merger between T-Mobile US and Sprint Corp, Deutsche Telekom raised its 2017 outlook and reported a 3.3%...

Goldman Sachs led in a $10 million funding round of fintech Crux Informatics Inc

The development marks a growing trend of large financial institutions being dependent on fintech startups to provide them large diversified normalised data sets from which they can gain business intelligence. On Wednesday, it emerged that the Goldman Sachs Group Inc led a $10 million funding round...

OPEC: American shale companies will keep dominating the market

American oil shale companies, that turned the whole energy industry upside down, in the coming years will absorb most of the growth in demand for oil, OPEC’s new report says. However, the figures will grow among all market participants after many years of rapid growth in US oil production and...

GE looking to divest / spin-off GE Capital Aviation Services (GECAS)

GE is also exploring to either spin-off or divest its transportation and healthcare information technology businesses. These strategic sales are aimed at meeting the company’s goal of identifying assets worth more than $20 billion that can be divested or spun-off so as to not weigh down its...

VW to get a banking license in Britain

Volkswagen is studying a possibility of applying for a full banking license in the UK, writes Reuters. The company wants to be able to continue to offer car loans after Britain leaves the European Union, according to a statement by the German automaker. The company confirmed comments made by...

China-backed Canyon Bridge manages to buy British tech company in its bid to gain advanced chip design knowhow

U.S. antitrust authorities had barred China-backed Canyon Bridge from acquiring U.S.-based Lattice Semiconductor Corp citing national concerns. In a significant development, the shareholders of Imagination Technologies have approved a $730 million (550 million pound) cash takeover bid by...

Nickle mining companies to ride room in electric vehicle

Although EVs are driving up the growth of nikle miners, analysts say only half of them are likely to benefit from the increased demand. Mining analysts and executives have disclosed, although battery makers are increasingly turning to nickel to help power the global boom in electric cars, only 50%...

Asian stocks get a technological incentive

Asian stocks rose on Monday, as shares of technology companies are growing amid positive reports on profits and a large number of pre-orders for the iPhone X, Reuters reports. Shares of technology companies were the growth leaders in the MSCI index of the Asia-Pacific region outside of Japan. The...

Its Transportation And Healthcare IT Businesses Are Being Explored To Be Divested By GE: Sources

As General Electric Co seeks to reshape its portfolio under new Chief Executive John Flannery, the company is exploring the opportunities for divesting its transportation and healthcare information technology businesses, according to the media which reported this based on information from people...

Compared To Google And Facebook, China's Tech Giants Are Better Suited To Saudi Arabia

Saudi Arabia offers fertile ground for foreign expenditure because of an economy that is keen to diversify away from oil dependence and because it has a population where two-thirds are now under 30. But the race to capture this lucrative market will be technology behemoths from China, and...