India’s government is about to embark on a spending spree, if historical facts and figures are to be believed. During the last two years of an Indian government’s five-year long term, there is generally a significant pick up in government… Read More ›
Month: May 2017
Peugeot partners with nuTonomy to surge ahead self-driving car market
The partnership aims at building “level 5” autonomous vehicles which will be tested in Singapore. French car manufacturer Peugeot has entered into a partnership with Massachusetts-based nuTonomy, to test self-driving cars in Singapore. The company has disclosed that NuTonomy’s sensors,… Read More ›
SEC approves the listing of quadruple-leveraged ETFS in the U.S
The development comes in the wake of attorney Jay Clayton heading the SEC. In a significant development, the Securities and Exchange Commission (SEC) has approved the trade of quadruple-leveraged exchange-traded funds in the United States. This indicates a first for… Read More ›
Consumers await 10th Anniversary launch of iPhone, hold back on new purchases
Apple’s 10th anniversary iPhone is expected to feature 3D facial recognition capability, wireless charging and a curved display. In a surprising turn of events, Apple Inc has reported a fall in iPhone sales for its second quarter, which indicates that… Read More ›
This Is The Hottest Sector Of The Market And It May Just Be Getting Started
Very different messages were appeared to be sent by two signals about the strength of consumer spending in the United States. While on one hand, the consumer spending figure reported Friday was quite weak, with the Bureau of Economic Analysis announcing… Read More ›
IMF Says As Oil Prices Rise, Middle East Will See Ballooning Deficits Tumble
A director at the International Monetary Fund (IMF) said that as austerity, taxes and stable oil prices begin to take effect, oil exporters in the Middle East and North Africa will see their budget deficits shrink. “Sizeable adjustments were made in… Read More ›
Credit Suisse deploys AI to manage calls to its compliance call center
The bank is in a transitory stage as it pushes to revamp its operations and go digital. Brian Chin, the global markets chief executive of Credit Suisse AG has disclosed, that the Swiss bank has deployed twenty robots within the… Read More ›
Joseph Otting could replace Thomas Curry as Comptroller of the Currency
Keith Noreika, a banking lawyer at Simpson Thacher & Bartlett LLP, is being considered as an acting comptroller. The Wall Street Journal has reported that the Trump administration plans on replacing Thomas Curry as the Comptroller of the Currency. Although… Read More ›
Public records show public investments funds flowing into Trump’s business interests
With this potential violation of the U.S. constitution, Trump appears to be risking everything by choosing not to divest. As per two senators, U.S President Donald Trump is setting a unparalleled precedent by flirting with potential violations to the U.S…. Read More ›
The U.S. International Trade Commission will probe patent violations over usage of thermoplastics by Japanese and German automakers
If it is of any indication, shares of companies against whom the complaint has been filed by Intellectual Ventures II, have largely remained unmoved. Trade authorities in the United States have disclosed that they will soon begin an investigation into… Read More ›