Due to perceived pressure from China’s central bank to clamp down on capital outflows, the nation’s three biggest bitcoin exchanges took steps to prevent withdrawals of the cryptocurrency form the country. The major bitcoin exchanges said in separate statements on… Read More ›
Day: February 10, 2017
Burden of OPEC Oil Cuts Being Taken by Saudi Arabia
Saudi Arabia is overcompensating for some of its fellow oil producers even as OPEC members appear to be complying with agreed production cuts. 10 member states are required to reduce their collective output by 1.2 million barrels per day (bpd)… Read More ›
Snap Inc’s forecasts $1 billion for Amazon’s cloud services
Snap already has a $2 billion contract for Google’s cloud services. The $1 billion it plans on spending on Amazon’s cloud services is in addition to its Google cloud service commitments. Eventually, Snap plans on investing in its own data… Read More ›
Morgan Stanley likely to relocate to Hudson Yards
Yes, it is the same site BlackRock Inc. will also move to in 2022. The Wall Street Journal has reported citing people familiar with the matter at hand, Morgan Stanley is contemplating on moving to Manhattan’s West Side’s Hudson Yards. Morgan… Read More ›
Blackstone acquires Aon’s benefits outsourcing business for $4.8 billion
This business processes the work benefits of roughly 15% of the current U.S. population. As per people familiar with the matter at hand, Blackstone Group LP has agreed to acquire Aon Plc’s employee benefits outsourcing business for nearly $4.8 billion…. Read More ›