The development comes in the wake of attorney Jay Clayton heading the SEC. In a significant development, the Securities and Exchange Commission (SEC) has approved the trade of quadruple-leveraged exchange-traded funds in the United States. This indicates a first for… Read More ›
Strategy
Consumers await 10th Anniversary launch of iPhone, hold back on new purchases
Apple’s 10th anniversary iPhone is expected to feature 3D facial recognition capability, wireless charging and a curved display. In a surprising turn of events, Apple Inc has reported a fall in iPhone sales for its second quarter, which indicates that… Read More ›
IMF Says As Oil Prices Rise, Middle East Will See Ballooning Deficits Tumble
A director at the International Monetary Fund (IMF) said that as austerity, taxes and stable oil prices begin to take effect, oil exporters in the Middle East and North Africa will see their budget deficits shrink. “Sizeable adjustments were made in… Read More ›
Credit Suisse deploys AI to manage calls to its compliance call center
The bank is in a transitory stage as it pushes to revamp its operations and go digital. Brian Chin, the global markets chief executive of Credit Suisse AG has disclosed, that the Swiss bank has deployed twenty robots within the… Read More ›
Joseph Otting could replace Thomas Curry as Comptroller of the Currency
Keith Noreika, a banking lawyer at Simpson Thacher & Bartlett LLP, is being considered as an acting comptroller. The Wall Street Journal has reported that the Trump administration plans on replacing Thomas Curry as the Comptroller of the Currency. Although… Read More ›
Public records show public investments funds flowing into Trump’s business interests
With this potential violation of the U.S. constitution, Trump appears to be risking everything by choosing not to divest. As per two senators, U.S President Donald Trump is setting a unparalleled precedent by flirting with potential violations to the U.S…. Read More ›
The U.S. International Trade Commission will probe patent violations over usage of thermoplastics by Japanese and German automakers
If it is of any indication, shares of companies against whom the complaint has been filed by Intellectual Ventures II, have largely remained unmoved. Trade authorities in the United States have disclosed that they will soon begin an investigation into… Read More ›
Fox and Blackstone Group to bid for Tribune Media Co
Their joint bid comes in less than 2 weeks after the U.S. Federal Communications Commission voted to lift the 2016 limit on the number of television stations broadcasters can buy. Sources familiar with the matter at hand have disclosed that… Read More ›
Germany to help transform Saudi Arabia’s economy
Oil-exports-dependent Saudi Arabia is pushing to diversify its economy. With German Chancellor Angela Merkel’s visit to the country, Saudi Arabia has let it be known that it wants to partner German companies, including, Siemens and SAP, to further the kingdom’s… Read More ›
South Korea Presidential Frontrunner’s Aide Says Paying For THAAD ‘Impossible’
A top foreign policy adviser to South Korean presidential frontrunner Moon Jae-in said on Friday that U.S. President Donald Trump’s suggestion that Seoul pay for the THAAD advanced U.S. missile defense system would be an “impossible option”. He wants South… Read More ›