Finance/Venture

Amazon is venturing into freight shipping business

Amazon is planning to enter into ocean freight shipping industry as the company has been awarded with a clearance from the Federal Maritime Commission. The license will entitle Amazon to act as Ocean Transportation Intermediary.

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Morgan Stanley Refurnishes Fixed Income Division, Names Sam Kellie-Smith As The New Head

Morgan Stanley, has been reported to tatter with its fixed income division. Following the industry precedence of changing or reshuffling the executives, it has named Sam Kellie- Smith as the head of fixed income and commodities. The Wall Street Bank’s recent moves haven’t surprised the analysts at all.

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Fed May Hold Rate Hike to Ease the Market

The Fed may hold its next interest rate hike, following a current plunge in oil market that affectsthe stock market. This will give market a breather.

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Turkey's busiest airport operator to invest in Philippines and Belgrade

The operator of Turkey’s busiest airport, TAV Havalimanlari Holding AS, is in talks to invest in businesses in the Philippines and Belgrade.

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UK technology sector mobilizes $3.6-bln VC in 2015

The UK-based technology firms mobilized $3.6 billion (£2.5 billion) funds from venture capitalists (VC) in 2015 and this is 70 percent higher than $2.1 billion in 2014. London technology companies accounted for more than half of the mobilized VC funds. The increasing investor appetite for technology startups and fintech firms has been the main factor that propelled the VC funding.

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Britain Interest Rate Hike Will Be Shocking but Seems Inevitable

Bank of England has been keeping its interest rates at the lowest point at 0.5% since March 2009. However, some signals of the interest rate upsurge will be a shock to some people in Britain.

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Surplus in China's Trade As December Export Shows Increase

On Wednesday, China revealed its export in December 2015 showed a 2.3% raise from November. Data from China's General Administration of Customs shows the nation's trade surplus, and the report has lifted the market a bit.

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Oil Price Crash to $30, The Lowest in 12 Years

Oil price continue to crash the lowest level. The price was closed at the lowest in 12 years to nearly $30 and is expected to continue dropping.

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Chinese Startups Showing Major Innovation and Potential at CES 2016

The Chinese startups showing off their products at CES this year demonstrated the large amount of innovations being created in the country. The companies debuted impressive smartphones, car-smartphone integrations, and giant helicopter-like drones.

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Soybean and Corn Overproduction Still Affected the Low Price

Overproduction of last year's crops in the U.S. still affect the price in futures trading. Meanwhile farmers is predicted to still harvest a big yield of soybean and corn in 2016.

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Following Turbulence in China, Asian Stocks Stumble and Rand Sinks

Asian market hit a worst week starting the 2016 trading. Global market also slipped following the turbulence in China.

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HSBC and JPMorgan Well Ahead In ARAMCO IPO Race

State-owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors following ARAMCO’s action plan. However, experience in banking operations in the kingdom is believed to play the key role for selection which put HSBC and JPMorgan well ahead in the IPO grabbing race.

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