Author Archives
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Criticism Faced by JP Morgan on Valuation of Complex Bonds Sold by it
According to a study by a financial consulting firm that works with plaintiffs in securities litigation, JPMorgan Chase & Co. inflated the value of complex bonds it sold to individual investors, by 15 percent in one example. According to the study from… Read More ›
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Info of up to 3.25 Million Indian Debit Cards could have been Breached
Due to fears that the card data may have been stolen in one of India’s largest-ever cyber security incidents, a slew of banks in the country are replacing or asking their customers to change security codes of as many as… Read More ›
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JD.com and Its Drones Called in by Wal-Mart as Part of its China Revival Strategy
Wal-Mart Stores Inc. aims to deliver goods from its stores around the world to Chinese consumers within hours as the world’s largest retailer is making an ambitious push into e-commerce in China. As a part of a pilot project by… Read More ›
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Europe’s Tech Start-ups Getting More Venture Capital from the US
As increasing number of U.S. investors are finding Europe’s growing firms an attractive place to put money even as venture capital (VC) investment into the region’s tech start-ups slumped sharply in the third-quarter due to uncertainty around Brexit. According to data… Read More ›
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Record $17.5 Billion of Sovereign Bonds to be Sold by Saudi Arabia
As Saudi Arabia seeks to shore up finances battered by the slide in oil, the kingdom plans to raise $17.5 billion in the biggest ever bond sale from an emerging-market nation, people with knowledge of the offering were quoted in… Read More ›
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Saudi Break-Even Oil Price Drop Less Than Forecast: IMF
According to the International Monetary Fund, the average oil price will fall this year by only half as much as forecast six months ago. The Fund said this in respect to Saudi Arabia which needs to balance its budget by the… Read More ›
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With Law Degrees Increasing the Most Singapore University Costs Rise 38% since 2007
The yearly out-of-pocket cost of tuition for Singapore citizens after they received government subsidies was researched by ValuePenguin in a city that has five major universities – National University of Singapore (NUS), Nanyang Technological University (NTU), Singapore Management University (SMU),… Read More ›
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Survey Finds Companies Unprepared for New Data Protection Regulations
According to a survey from cybersecurity firm Symantec, many companies are unprepared for new European regulations that will require higher standards of data protection. Firms would be required to clear accountability so that firms may be held accountable if they… Read More ›
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Recession Warning by Bank of America Amid a Scary Market
A top market watcher believes that a chilling trend in the market could wreak havoc on your portfolio. “We are seven years into a full-fledged, all out, central bankers doing everything they can to stimulate demand,” Bank of America-Merrill Lynch’s… Read More ›
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Virtual Reality Shoppers can Pay by Nodding, Thanks to Alibaba’s New Payment System
Virtual reality shoppers would be able to pay for things in future just by nodding their heads. A payment service that will allow this was unveiled and demonstrated by Alibaba Group Holdings’ finance arm on Wednesday. A part of Alibaba’s… Read More ›
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