The $70 million penalty is for attempted manipulation of the USD ISDAFIX from January 2007 to May 2012. The U.S. Commodity Futures Trading Commission stated that it has ordered a filing and settling charges against Deutsche Bank Securities Inc, a… Read More ›
A traditional carmaker, Ford Motors is diversifying in the mobility services segment with changing consumer tastes of not wanting to own a vehicle. As per an executive from Ford Motors, the carmaker is set to launch its Chariot minibus services… Read More ›
More than 10.000 jobs at Xerox would be lost at its joint venture with Japan’s Fujifilm as the Japanese firm takes control of the photocopier company. The companies said that an agreement to merge operation of Xerox with that of… Read More ›
E-retailer Amazon is getting into the healthcare sector through a joint venture. The new firm, aimed to reduce costs for their U.S. employees, will be promoted jointly by Amazon, JP Morgan and Berkshire Hathaway. The firms said that the independent… Read More ›
In wheat would be the first international venture for Indian ride-sharing company Ola, the company is all slated to enter the Australian market. The company has plans to launch its services for t in the three large cities of the… Read More ›
The assumption that many industries are most likely to be disrupted by commercial, access to availability and adoption of self-driving vehicles is almost ensured because in recent years, autonomous vehicles have attracted am explosion of interest. And the trucking sector… Read More ›
Russian stocks have largely shrugged off the risks of new U.S. sanctions which center around this list. On Tuesday, Kremlin’s spokesman Dmitry Peskov stated that with Washington choosing to place people close to the Kremlin as part of an ‘oligarchy… Read More ›
The Nikkei had earlier reported a 50% cut in iPhone X’s production target. A senior executives from Japan’s Murata Manufacturing Co stated that the production cut for Apple’s iPhone X, is overstated. Murata, which supplies components for the iPhone X,… Read More ›
With consumers preferring cameraphones rather than compact cameras, Canon has diversified its products to cater to corporates clients; its operating profits have surged to record levels. On Tuesday, Canon Inc stated, it expects its operating profit to rise by 27%… Read More ›
The move underscores SAP core strategy of leaning on cloud-based solutions to drive up its margins and revenues. On the sidelines of SAP, Europe’s top tech company, posting results that were on the lower side of market expectations, the firm’s… Read More ›
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