Finance/Venture

Visa, Mastercard Agree to Reduce Swipe Fees in $30 Billion Landmark Settlement

Visa and Mastercard have agreed to a $30 billion settlement that would limit credit and debit card fees for retailers.


Donald Trump's Truth Social Stock Skyrockets on Its First Day of Trading on Nasdaq

Donald Trump's social media firm, Truth Social, saw its stock surge about 16% on its first day of trading on the Nasdaq...

KuCoin Crypto Exchange Hit With US Charges Over Money Laundering Allegations

KuCoin, a major crypto exchange, faces US charges for money laundering violations, allegedly moving billions in illicit funds, prompting regulatory crackdown amid market impact...

Krispy Kreme Doughnuts Will Be Available in McDonald's Soon

McDonald’s will sell Krispy Kreme Doughnuts nationwide through an exclusive partnership by the end of 2026...


Latest News

Cesar Purisima bags sixth ‘Finance Minister of the Year’ award
Finance Secretary Cesar V. Purisima has done the Philippines proud once again by bagging the 'Finance Minister of the Year' award this year as well. This would be Purisima's second award in a row fro
John Tsang To Deliver Hong Kong Annual Budget
Hong Kong Financial Secretary John Tsang to deliver annual fiscal budget. Hong Kong is predicted to announce surplus while still holding on to conventional approach.
Van Dieman’s Land Co. Sold to Chinese Moon Lake Investment for A$280 Million
Van Diemen's Land Company has been acquired by the Chinese business man Lu Xianfeng and his company Moon Lake. The country's approval of the dairy farm's sale to a foreign firm was made possible with
Will Venture Capital Slowdown Hit Asia in 2016?
Asia has been a growing market for startup companies and venture capital deal. However, as U.S. venture capital faces a slowdown and overblown valuation, will Asia also experience the same?
Latin America Economic Growth Has Left Some People Behind
Latin America experienced a phenomenal growth in the last decade. However, according to World Bank, the economic growth has not reached some people.Meanwhile the region's economy is slowing down in t
India's Ajay Piramal sees value in VC investing
Indian businessman Ajay Piramal has entered into venture capital (VC) space by establishing a new VC funding entity 'Montane Ventures.' The new VC fund focuses on early-stage funding requirements. Pir
American International Group, Inc. Reported Larger Than Expected Net Loss of $1.8 Billion in Q4 2015
American International Group, Inc. reported a bigger quarterly loss than expected. The company was hurt by weak underwriting and investment return. The big loss in Q4 made its full year income dropped
Bank of Japan's Koji Ishida Warned Negative Interest Rate Do Very Little to Boost Investment
Koji Ishida, Bank of Japan's policy board members said the negative interest rate will do very little to boost investment. Continuing tumult in the market may hurt Japanese economy.
Citigroup CEO Michael Corbat Received 27% Increase of Salary in 2015
Citigroup raises salary of its CEO to $16.5 million in 2015. The bank has managed to be more efficient in operation under Corbat's leadership and passing mandatory stress test.
Glencore Plc signs loans to refinance credit facility
Glencore signed new loan commitments of $8.45 billion revolving credit facility. The company took on the new liabilities when it was already struggling to pay off its existing debt of $30 billion. Des
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