Large banks with a presence in the U.K. feel that in the wake of the uncertainty surrounding the Brexit vote, the country’s government is not fully receptive to the financial services sector, reported CNBC citing an industry source with knowledge of… Read More ›
Day: October 24, 2016
Overseas Acquisitions by Chinese Companies Touch Record Amounts this Year
For the first time on record, compared to U.S. buyers, Chinese companies are buying up overseas assets at a faster pace. Select-service hotel portfolio from Starwood Capital Group LLC was agreed to be bought by China Life Insurance Co Ltd for $2… Read More ›
WPCH-TV – a key component in AT&T’s acquisition of Timer Warner
Given the equation AT&T has with the FCC, avoiding overbearing scrutiny may result in scuttling the deal. Turns out WPCH-TV could play a key role in this proposed merger. As per analysts, if AT&T were to divest its stake in… Read More ›
Chinese recalls IoT enabled products after last Friday’s DOS attack
Hangzhou Xiongmai Technology has issued a recall for only some of its products manufactured before April 2015. With security researchers having identified the devices through which hackers conducted their attack last Friday, a Chinese company, Hangzhou Xiongmai Technology Co Ltd… Read More ›
Banks harness blockchain tech to unveil world’s 1st international payment
Eager to reduce costs, 70 of the world’s leading banks have got together to create a group, R3, which researched the benefits of blockchain technology and brought about “smart contracts”. In a development that has all the hallmarks of history… Read More ›