U.S. shale producers realise that with great power comes great responsibility. In what could potentially offset OPEC’s move to cut oil productions so as to reduce the glut in the global oil pool, U.S. shale oil producers are plotting an… Read More ›
Strategy
Comcast, AT&T, and Verizon to benefit from Congress overturning Obama Administration’s privacy rules
Earlier under the Obama Administration’s rules, ISPs would have to obtain consumer consent before they are allowed to use financial, health and children’s information using geo-location through their web- browsing history for advertising and internal marketing purposes. The U.S. Congress… Read More ›
Uber shutdowns the usage of its ‘Greyball’ tech
In a blog post Uber’s Chief Security Officer stated that the company “expressly prohibits” the usage of the tech to evade local regulators. In a significant development, Uber Technologies Inc has made it amply clear that it does not… Read More ›
Likelihood of SEC approving U.S ETF high
Although many investors have are hoping that the SEC will approve the creation of the United States’ first bitcoin exchange-traded fund, a few cautious ones, such as Michael Venuto, chief investment officer at Toroso Investments prefer to avoid the volatility… Read More ›
Foxconn to jointly bid with SK Hynix FOR Toshiba’s memory unit
Japanese business daily Nikkei has reported of such a move by Foxconn. The world’s biggest contract manufacturer, Foxconn reportedly approached South Korean chip manufacturer SK Hynix Inc to explore a joint bid for Toshiba Corp’s memory chip unit, reported the… Read More ›
Analyst Predicts Bitcoin Could Trade Above Gold and Hit $3000 By This Year End
A senior analysts is of the opinion that bitcoin could be trading above gold by the end of the year and the price of bitcoin could hit s much as $3,and this digital coin could hit a fresh record high. According to… Read More ›
Deutsche Bank plans major revamp to reinvent itself
Investors agree that the move is in the right direction. Having suffered significant losses, Deutsche Bank is planning on raising more capital as well as overhaul its business structure in order to reinvent itself. The strategic decision to revamp its… Read More ›
EU aims to unify Ireland’s electricity markets
The move could potentially boost the Irish government’s backing of the two new energy import projects: EirGrid and RTE’s Ireland-France electricity link.
UK manufacturing activity at a new high
The depreciation of the pound is a double edged sword: while exports have become more lucrative, imports have become more expensive as well. As per the results of a survey, the depreciating value of the pound as well as the… Read More ›
Row Over South Korean Missile Shield Plans Results In Chinese Companies Boycotting S Korean Retailer
After South Korea’s Lotte Group agreed on Monday to provide land to host a US anti-missile system that Beijing sees as a threat to national security, Chinese media reported the several Chinese companies have said that they will no longer… Read More ›
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