Dollar Touched the Lowest Point Against Yen in 17 Months on Monday
Japanese yen surged against dollar on Monday. Speculation from non-Japanese short-term currency players pushed the currency to the highest point against dollar.
Finance/Venture
UK Satellite Engineering Company Signs $19.7 Million Deal With SpaceX for Starlink Constellations
Filtronic Plc and SpaceX announced a groundbreaking agreement. In a $19.7 million deal, Filtronic will supply crucial modules for SpaceX's Starlink constellations, while SpaceX will be granted the option to acquire up to a 10% stake in Filtronic.
Token Growth Studio TDeFi CEO Judges Next Crypto Unicorn at PBW's 'Meet the Drapers'
TDeFi: $10 million prize pool at Paris Blockchain Week's 'Meet the Drapers'..
Bitcoin Mining Companies to Invest in AI After Drop in Revenues
Bitcoin miners are adapting to reduced revenues post-halving by investing in innovative solutions, while some are also exploring opportunities in artificial intelligence...
What Empower Finance's Acquisition of Petal Means for Cardholders
Empower Finance acquires Petal, merging strengths for cardholders. Potential access to Empower's financial tools may come with subscription fees...
Trump Media Provides Short-Selling Prevention Tips Following DJT Stock Price Decline
After a 63% decrease in DJT's share value, Trump Media has advised sh...
Tech Giants Gear Up for Earnings Showdown; Investors Await if AI Strategies Turned Into Profits
Tech giants, including Apple, Microsoft, and Nvidia, are up for earnin...
Latest News
Venture Capital Investment in China Surged Amidst Global Slowdown
Investments in Chinese tech companies had a 50% surge in the first quarter of 2016. Nevertheless, many of the investments were spent in the big startups.
India Uses Its Biometric Database to Enable Banking Access for The Country’s 1.2 Billion Population
India is using its wide biometric ID system, the Aadhar database, to bring banking services access to more of its people. An Indian bank already introduced an ATM where people can use their Aadhar ID
Italian Banks Face a Bailout Following a Surmounting Bad Loans
Italy faces a €4.95 billion ($5.65 billion) bailout after bad loans in its banks accumulated to an alarming rate.
The bank shares have lost close to half of its value in the last 12 months.
JPMorgan advises investors to vote against the splitting proposal
JPMorgan Chase has advised its shareholders to vote against the proposal to split up the bank. The bank warned its shareholders that the breakup proposal will not benefit its investors.
Ashoka Buildcon Staged a Sharp Recovery After 20% Plunge in Stock Market
One of India's largest highway and road developers prepared to recover after a massive loss in Wednesday. The company's stock slumped following the raid of tax officials.
Wall Street Fell on Thursday As Fear of Global Slowdown is Lurking
Plunge of indexes brings the market to negative territory. Financial sectors led the plunge over fear of global financial slowdown.
Regulators Aim To Govern Fintech To Protect Billion Dollar Market Opportunity
Financial tech and its $147 billion potential market opportunity required financial regulators to supervise the industry. In 2015, investments in the fintech sector doubled, reaching $14 billion.
Alibaba’s Alipay Will Launch European Expansion This Summer
Alipay is working on a plan to launch services in Europe this summer. The service will make it easier Chinese tourists to make transactions with European merchants using the app.
Angola Seeks IMF Help as Oil Price Hit The Economy
The second largest oil producer in Africa will start negotiate with IMF next week for a bailout program. Continuous drop of oil price hit Angola economy after years of prosperity from oil production.
