Mass production of self-driving cars which will not have the traditional controls such as steering wheels and pedals is to be started by General Motors by 2019. The bold declaration was made by the company and is one of the… Read More ›
Economy & Finance
Warnings Over Trading Of Cryptocurrencies Issued By Indonesian Central Bank
A possible threat to the sustainability of the financial system and the potential risk of losses to the public and the investors were cited as the reasons for the central bank of Indonesia to issue strong warnings against investors trading… Read More ›
Japan’s SoftBank Group aims to sell its Japanese wireless business to raise at least $18 billion
The SoftBank Group’s proposed $18 billion (2 trillion yen) IPO would mark it as one of the biggest listings by a Japanese company. On Monday, the SoftBank Group Corp disclosed, it is considering an IPO for its Japanese wireless business… Read More ›
Ford to invest $11 billion in next generation car lineup by 2022
With countries, including France, India, UK and China pledging to phase out fossil fuel and combustion engined powered vehicles between 2030 and 2040, carmakers are increasingly focussing their future lineup to tap these big markets. At the Detroit auto show,… Read More ›
S&P Dow Jones and MSCI to update classification system to include tech giants Alphabet, FB, Netflix and others
The update in the classification system is likely to impact investors who track index and ETFs. The MSCI and the S&P Dow Jones Indices have stated that they would overhaul their Telecommunication Services Sector and add Alphabet, Comcast Corp, Facebook… Read More ›
Fiat Chrysler Automobiles to shift production of its Ram heavy duty pickup trucks to Warren, Michigan, from Mexico
While FCA plans on boosting the output of its Mexican plant in 2018 & 2019, in 2020 having shifted the production of its Ram heavy duty pickup trucks, it plans on reconditioning the plant to produce a yet to be… Read More ›
Delta Shares Jump After Airline Enhances Profit Forecast
Delta Air Lines Inc.’s shares went up by 3.5 per cent in premarket trading after the company announced that it would score even better performance in the present quarter driven by strong demand for seats compared to the better-than-expected profit… Read More ›
Potential South Korea Trading Ban Wipes Off More Than $100 Billion From The Cryptocurrency Market
Following the news that there can be a possible ban on trading of cryptocurrencies in South Korea, there was a major fall in the value of all of the major virtual coins including bitcoin, ripple and etehreum on Thursday. According… Read More ›
South Korea planning to ban cryptocurrency exchanges in the country
The move has widespread geo-political and geo-economic implications, including for its neighbor North Korea which is increasingly banking on such currencies to flush its economy with cash. On Thursday, South Korea’s Justice Minister disclosed that it is preparing a law… Read More ›
13,000 Percent Growth Recorded By Ethereum In 2017 As It Hits Record High
A growth rate of more than 60 per cent in just over a week’s time was noted by the cryptocurrency ethereum as it hit an all-time high on Wednesday. According to CoinDesk, a website that tracks the prices of the… Read More ›
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