MoneyTimes

BNP Report: Alibaba Can Expand Operations with $38B in 2016

If you haven't heard of it, Alibaba is a Chinese e-commerce company that started as a e-marketplace and now has grown to offer other services like electronic payment and cloud computing. They've become one of the biggest companies in China and now, they have even more money to expand with possibly $38 billion available for deals next year.

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Despite easing foreign trade, Russian markets turn attractive

The steep fall in oil price is impacting Russia's foreign trade more in a negative way, while the financial markets are witnessing renewed interest from overseas investors and fund managers as well.

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Nvidia clocks 42% growth in EPS in Q3

Nasdaq-listed Nvidia Corp has posted earnings per share (EPS) of 44 cents registering a 42 percent growth from previous year's 31 cents during the third quarter ending October 2015.

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Amazon to Shut Down mPOS Register by Feb 2016

Amazon will close its mobile point-of-sale system Amazon Register, and users only have until Feb 1, 2016 to switch to another service provider. Bidnes Etc reported that Amazon.com, Inc, which was just launched last year, is considered unsuccessful. The company no longer welcomes new registration for the mPOS. It will close down after February 1, but it will still provide transaction histories until February 28, 2016.

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Goldman Sachs leaves rivals far behind in M&A race

Goldman Sachs is racing ahead of its rivals in the global investment banking segment by revenues and fees in mergers and acquisitions (M&As) activity. Goldman Sachs' performance in 2015 so far exceeded while its competitors are not even close to it. With a market share of 12.3 percent, Goldman Sachs recorded $2billion revenues till date, while JPMorgan and Morgan Stanley are left with less than nine percent market share in the M&A space. The mergers and acquisitions activity this year so far was a robust period for Goldman Sachs.

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LG New Smartphone Comes With Dual-Screen and Cameras

South Korean electronics company, LG teases android fan worldwide with their new fifteen-second smartphone teaser on YouTube. The video with the tagline "Be You" revealed a little bit of the smartphone feature details hoping to get users excited. The new smartphone is expected to be released on October 1st next week based on the date that appeared at the end.

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StoreDot could fully charge your phone in just a minute

StoreDot, a startup nanotechnology company in Israel, had come up with a battery charger that could fully charge drained phone batteries in a minute. Doron Myersdorf, the co-founder and CEO of StoreDot, and his team introduce a charger that fully loads up phone batteries within 60 seconds.

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US Fed Chair Janet Yellen hints at rate hike in 2015

Giving much wider scope of speculation on possible interest rate hike in next October meeting, the US Federal Reserve Chair Janet Yellen has indicated that there would be interest rate hike this year. Yellen further opined that it's necessary to increase short-term rates in a gradual manner as the improvement in labor market further continues and inflation rate reaches to the government target of two percent. The US Central Bank has been sending feelers about the possible rate hike this year for some time. The job market growth is the major factor that puts the US Fed in a comfortable position to take a decision on interest rate hike.

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Split in hedge funds group over Puerto Rico's restructuring plan

At a time when creditors of crisis-hit Puerto Rico are gearing up for negotiations on restructuring the Island's debt in smaller alliances, the group of hedge funds was believed to be split off. The hedge funds group comprising over 36 firms is holding a debt of $5.2billion of ailing Puerto Rico. According to unconfirmed news, since Puerto Rico governor Alejandro Garcia Padilla said that government's debts were unsustainable, there's surfacing difference of opinion among hedge group members. In the latest development, a group of activists in the Island has started raising voice against the participation of Antonio Weiss in the restructuring plan negotiations as his connections with the Wall Street lead to a conflict of interest.

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Second interest rate cut for Norway

Falling oil price is taking its toll in Norway as the country central bank cuts interest rate again for the second times this year and the third time in 10 months. Oeystein Olsen, Norway's Central Bank governor announced the rate cut on Thursday citing that slow economic growth as the main reason.

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Pope urges US to act on climate change now

Wading into one of the most polarizing issues in American politics, Pope Francis has called upon the United States to join other nations in fighting climate change. He stressed the time to act is now. "Climate change is a problem which can no longer be left to a future generation. When it comes to the care of our common home, we are living at a critical moment of history," the pope said in a speech Wednesday on the South Lawn of the White House.

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Apple just released iOS 9.0.1 to fix the "Slide to Upgrade" bug

Apple just released iOS 9.0.1 to fix their major "Slide to Upgrade" bug issue that over half of its users are experiencing after its iOS 9 update. Affected users can get the update by connecting their iPhone, iPad, and iPod to the iTunes on their computer and perform a force restart of their device.

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Smartest ways to budget baby spending for new parents

Raising a baby is expensive. First-time parents could easily get lost navigating across tedious budgeting task for their baby. Huffington Post reported that the US Department of Agriculture found out that the middle-income family spends an average of $13,000 during the first year of a baby.

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Top Crowdfunding Sites For Entrepreneurs Looking to Make their Startups and Projects Come to Life

Donation-based and rewards-based crowdfunding are the most popular ways for entrepreneurs to bring their startups and projects to life. Entrepreneur reports that 2015 is considered as "the year of crowdfunding" with all the significant growth and rapid changes in the market. In 2012, a total of $16.2 billion was raised by companies and individuals all over the world.

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Motorola Solutions pruning costs to enhance profit

With gross margins decreasing, Motorola Solutions Inc, a US provider of data communications and telecommunications equipment, has taken up cost-cutting measures to boost its profit growth. The cost optimizing and restructuring exercise have been helping the company significantly in cost control. The sluggish sales, cut-throat market competition and adverse sales tax are putting more pressure on Motorola. The gross margins fell from 51 percent in 2012 to 48 percent in 2014. In a similar way, operating margins also down from 14.8 percent to 16.4 percent during the period.

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