After Saudi Arabia closed its land border with Qatar and at least five Gulf-based airlines announced they will halt service to the desert peninsula nation, the rift between Qatar and other Arab nations intensified Monday. Saudi Arabia has developed a “Sunni coalition” in… Read More ›
Day: June 6, 2017
Marking A More Than 2,800% Rally This Year, Ethereum Hits Another Record High
Amid continued interest in the digital asset space and increased trade from Asia, ethereum, an alternative cryptocurrency to bitcoin, hit a fresh record high on Sunday. According to data from industry website CoinDesk, ethereum traded at an all-time high of $250.41… Read More ›
Futures Industry Association warns of heightened costs for relocating euro clearing post Brexit
The FIA has called for market forces to determine the location of the euro clearing from its current London location. The Futures Industry Association, (FIA) an industry body, underlined the fact that forcing banks to shift the clearing of euro… Read More ›
Trump Administration plans on privatising air traffic control system
The move aims to upgrade America’s ageing air traffic control systems which date back to world war two. However, the issue is not as simple as it appears …
Theresa May’s Conservative Party plans on taking out Britain out of EU’s single market bloc
May plans on creating a ministry for trade tasked with the sole purpose of boosting bilateral trade relations with “old friends and new allies”. On Monday, Theresa May’s Conservative Party has presented its post-Brexit scenario of setting up a network… Read More ›
Toshiba considering giving Broadcom Ltd exclusive negotiating rights for its chip business
Broadcom is likely to emerge as the winner in the bidding war for Toshiba’s chip manufacturing unit. Japan’s Asahi newspaper has reported that Toshiba Corp is considering giving U.S. chip manufacturer Broadcom Ltd exclusive rights to negotiate its prized chip… Read More ›