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U.S. Stocks Fall From Record as Microsoft, Google Miss on Profit

Goldman Sachs-backed CompareAsiaGroup gets new CEO Sam Allen

Goldman Sachs-backed consumer finance startup CompareAsiaGroup got its new CEO Sam Allen. In 2015, CompareAsiaGroup closed a Series A round of funding led by Goldman Sachs and is planning to go for a Series B round funding soon.

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INDIAN TONIC WATER

Fever-Tree Founders Sold £18 Million of Shares Due to Demands From Investors

Fever-Tree founders have reportedly sold their shares worth £18 million in total as a result of demands by investors. However, they claim to still be sticking with the business and still have the majority of their shares.

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New Zealand Dollar Rises To A 26 Year High

Investment Banking Fees fall 29% in Q1

Fees in investment banking sector across the world declined 29% during the first three-month period of 2016 as uncertainty in the global market halted deal proposing activities and other investment events.

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Maggi Noodles Back On Shelves In India

Nestlé India's Maggi Noodles Exceed Monosodium Glutamate Level, Lab Test Shows

Nestlé India is again facing controversies with its all-time favorite Maggi noodles. Recent lab tests show that the lead content is within permissible limits unlike monosodium glutamate which exceeds the allowable level.

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Bratislava Castle

Hyperloop Transportation Technologies Prepared to Build The First System in Slovakia

Although Elon Musk was the first one to mention Hyperloop, two other companies have brought the idea closer to reality. Both companies are now preparing a track test and will begin to build the system.

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PANAMA-PAPERS-MOSSACK-FONSECA

Austrian Financial Market Regulator to Investigate Two Banks over Panama Papers Leak

FMA of Austria will investigate Raiffeisen Bank International and Hypo Landesbank Vorarlberg. The Austrian banks were named in Panama Papers in helping money laundering scheme.

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Bitcoin Value Soars And Drops

Caribbean Bitcoin Firm Secured Strategic Investment from Overstock.com

Overstock.com is making a strategic investment in Caribbean digital currency firm Bitt. The $4 million in Series A will be allocated to improve Bitt’s software as well as expanding its operation across other Caribbean countries.

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Credit Suisse Group AG Full-Year Results News Conference

Credit Suisse Must Take Drastic Measure After $1 Billion Write Down

The Swiss bank which posted first full-year loss last year must take a drastic measure. It has to make another retreat in investment banking.

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Technician Servicing Photovoltaic Cells In Solar Energy Farm In Albuquerqe

TerraForm Sued Parent Company SunEdison for Diverting $231 Million Projects Money to Its Own Balance Sheet

SunEdison is facing another lawsuit, this time from its subsidiary TerraForm. TerraForm accused its parent company for misallocating cash for its projects in India to SunEdison’s own balance sheet.

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Optimal Factory Finds Vinyl Records Niche

Bookings for US factory goods down 1.7% in February

The demand for the US industrial products declined in February, signalling an additional slowdown in the country's economic growth. Fresh orders for the US industrial products dropped 1.7% in February, compared to an increase of 1.2% in January.

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Operations Inside The Starbucks Corp. Reserve Roastery And Tasting Room

Starbucks Biggest Coffee Shop Soon to Rise in Manhattan

Starbucks is about to open its biggest coffee restaurant in 2018 and will be known as Starbucks Reserve Roastery and Tasting Room which will be housed by the 170,000 square foot building developed by Aurora Capital Associates and Vornado Realty Trust. It would be the biggest Starbucks coffee shop in the world where customers also get educated about the process how coffees are roasted and brewed from all over the world.

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2013 Consumer Electronics Show Highlights Newest Technology

Nielsen teams with DISH Network to improve its rating service

Nielsen Holdings has entered into an agreement with DISH Network to enhance its business service to the global standard. Nielsen plans to license set-top box data from DISH.

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Russian Oil Drilling Platform As Specter Of $20 Oil Recedes

Russian Output Reached 30-Year High Ahead of Meeting with Oil Producing Countries

Russia produced 10.91 million barrels per day in March. This recorded as the highest in 30 years and raising the doubt on the production freeze.

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Tesla Debuts Its New Crossover SUV Model, Tesla X

Tesla Missed Q1 Deliveries Target Due To Parts Shortages of Model X

Tesla announced parts shortage as the factor that caused the company to miss its initial sales target for the first quarter of 2016. The company, however, retains its guideline for the full year as it already solved the root of the problem accordingly.

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Reserve Bank Of India Governor Unveils Interest-Rate Decision

Home loans turn cheaper as India's RBI cuts rate to 5-year low

The Reserve Bank of India (RBI), India's central bank, has reduced repo rate by 25 basis points to 6.50 percent, indicating an over five-year low. After the rate cut, home loans will be cheaper by half a percentage.

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