US Dollar has been witnessed to gain some value against yen in both Tokyo and Japan on Monday. The appreciation of dollar has taken place due to BoJ’s surprise move for slashing the interest rate to (-) 0.1%. Even BoJ Governor has hinted further rate slashing events, if situation demands. But economists have referred the attempt as an attraction drawing stance aiming to prevent yen from rising to boost up the sluggish economic growth.
Sectors
Sesame Street Establishes a Venture Capital Fund
Yes, that is true. Sesame Street is now working with Collaborative Fund and investing $10 million in the new venture fund. The fund will focus on companies working on childhood development.
CDC Officially Closed the Investigation on Chipotle Outbreak
E.coli outbreak which contaminated nationwide Chipotle restaurants last year will be declared over. However, CDC has not been able to find the source of the outbreak.
Michigan’s Legislature to Approve $28 Million to Address Flint’s Water Crisis
Michigan's legislature approved to give $28 million on Thursday in funding to aid the residents of Flint with recovery efforts. This approval came just over a week after the funding proposed by Michigan governor.
Asian Markets Dropped as Oil Prices Decreased
China shares plunged Tuesday at 6.4%. The Shanghai index closed below 2,800 for the first time since December 2014. The condition has worried the investors for the capital outflow from China. Other Asian markets dropped as oil prices decreased.
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Brazil, the world's number one coffee grower and exporter, has been hit by El Nino from last year, affecting the coffee crops and harvests. The weather has affected prices expectations and investors moves, as demand rise and supply declines. Coffee bean prices rise has been seen in Brazil.
Russian's Gazprom planned to meet investors in New York and London this week. The company plan to increase its gas supplies to European countries.
Since her 2013 inauguration, president Park Geun-hye tried to enhance startups company and investing $3 billion. Now country starts to see the payoff of its initiative. One last hurdle is to change the people's mindset on entrepreneurship.
The product will hit the stores in early February, just in time for Valentine's Day. Kit Kat Sake is expected to be a worldwide sensation just like Nestle Japan's Kit Kat Green Tea. Kit Kat bars are particularly popular in Japan because the brand sounded like the Japanese for 'you will surely win'.
Nigeria requires $3.5 billion funds to fill its $15 billion budget deficit. The falling oil prices are eroding revenues for the government. The largest economy in Africa is seeking $2.5 billion loan from the World Bank and $1 billion loan from ADB.
Credit Suisse Group AG and Barclays Plc will pay combined $154.3 million to settle regulatory investigations into their 'dark pools.' The New York Attorney General said that the fight against the fraud and rigging in the trading mechanism would continue further. The US Securities and Exchange Commission (SEC) observed that Barclays and credit Suisse have misled their investors by providing inaccurate information.
KFit, a fitness-sharing platform that based in Kuala Lumpur, has raised a $12 million Series A funding from Sequoia Capital, SIG, and Venturra Capital. The fund will be used to enlarge its services to cities in Asia. Offering a cheaper rate, KFit will compete with its Singaporean rival, GuavaPass.
Boeing’s newest airliner 737 MAX flies its wings for the first time. The airliner took off from the company's Renton, Washington factory. The journey of this aircraft paves way towards scheduled delivery of airlines in 2017.
Microsoft has put a prototype of data center under the ocean to examine its efficacy to work hundreds of feet beneath the ocean surface. The underwater data centers could reduce the delay in web service.
