Author Archives
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His Entire Stocks in Apple Cold by billionaire Investor Carl Icahn
Citing the risk of China’s influence on the stock, Carl Icahn, the the billionaire activist investor who has long been one of the most prominent voices declaring the company to be undervalued says he has sold his entire stake in… Read More ›
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World’s Largest Private Tech Investment Round Yields $4.5 Billion for Alibaba’s Ant Financial
A US$ 4.5 billion Series B round of financing WAS completed by Alibaba’s Ant Financial Services Group, one of the world’s largest online financial services companies, the company said on Tuesday. According to some sources, the company is now valued at… Read More ›
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Low Income Families to be Offered $5 Internet by AT&T
Low-income families would now be offered discounted internet access by AT&T starting for as low at $5 a month. The new program, called Access from AT&T says that any home where at least one person receives food stamps will be… Read More ›
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EDF Again Delays Decision on Hinkley Point C Nuclear Power Plant
After France’s economy minister said the country’s energy giant EDF may not give it the green light until September, the decision on whether to go ahead with the £18bn Hinkley Point C nuclear power project has been delayed again. EDF would deliver… Read More ›
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More than $2 Trillion Expected by Saudi Arabia for a 5% Stake Sale in Aramco
Saudi Arabia expects that a stake of its state oil giant Saudi Aramco would be valued at more than $2 trillion. The officials of the country said this while they confirmed the plan to sell on Monday. Deputy Crown Prince Mohammed… Read More ›
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IEA Expert says Russia, Saudi Arabia would Produce as much Oil as Possible
Both Russia and Saudi Arabia have threatened to ramp up production after less than a week ago both had said they were willing to discuss freezing oil output ahead of the doomed Doha talks last weekend. Both producers will continue… Read More ›
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China’s Commodities Futures at Center of Great Ball of Money
The commodities market is the new obsession or Chinese speculators. Exchanges in Shanghai, Dalian and Zhengzhou have been prompted to boost fees or issue warnings to investors following trading in futures on everything from steel reinforcement bars and hot-rolled coils… Read More ›
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Russia’s military moves in Syria Leaves White House Concerned
With a truce in tatters and peace talks in meltdown , reports that Russia is moving more military equipment into Syria to bolster President Bashar al-Assad has got the United States concerned. As a part of a move that may… Read More ›
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Outline Agreement Reached Between VW and US to Overcome Crisis
Taking a significant step forward in its effort to emerge from the emissions-cheating scandal, Volkswagen AG agreed to fix or buy back about 500,000 tainted cars in the U.S. The German carmaker was commended at a hearing in San Francisco… Read More ›
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As a Strategy to Monetize Posts, Facebook is Considering Launching ‘tip jar’ Application
To allow users to be able to tip small amounts of money to the pages and people they like the most, Facebook is contemplating the addition of a a virtual “tip jar” service to the world’s largest social networking platform… Read More ›
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