Finance/Venture

Starbucks Must Fix Customer Experience to Get Back in Coffee Shop Game, Ex-Boss Says

Former Starbucks CEO Howard Schultz asked his successor Laxman Narasimhan and other Starbucks senior officials to communicate with shop baristas and work with them to enhance coffee service.


China’s Ant Group to Open New Markets Across the World With Alipay+ Cross-Border Payments

Chinese fintech firm  Ant Group wants to expand globally by linking mobile payment apps with Alipay+...

Warren Buffett Issues Grave Warning About AI, Saying It Would Make Scams Far More Convincing, Revving Up Fraud

Berkshire Hathaway Chairman and CEO Warren Buffett has warned about AI scams...

Dollar Drops to Three-Week Low Against Japanese Yen as US Jobs Data Boosts Fed Cut Bets

The US dollar dipped to a three-week low against the Japanese yen on Friday following reports of US jobs and wage growth slowed down in April...


Latest News

Stagecoach Beats Umbrella, Overrides Power Sector Debacle Through Contribution From Real Estate
Both Wells Fargo and Citigroup have been badly hit with the historic low oil price. The Walls Street banks have heavy investment in energy portfolio and the industry is passing through a nightmare sin
Head of China Securities Regulatory Comission To Step Down
Chairman of China Securities Regulatory Commission (CSRC) was reported to offer his resignation. Xiao Gang handed his resignation last week following a failure in executing circuit breaker system in C
South African House Prices to Decline in 2016, According to Retail Bank
South African retail bank said the country's house price will decline in this year. Fitch Ratings also remarked South African residential property and mortgage markets outlook to weaken further facing
Airbus partners with Uber to provide users with helicopters
Airbus partnered with Uber to provide on-demand helicopter rides to people using its H125 and H130 choppers.
Venture capital dreadful at online shopping
Majority of e-Commerce startups are running below expectations. Some of them sold for a fraction of their previous valuations. Groupon, One Kings Line and Wish.com were few examples that give insight
3 American banks earn $6 bln from overdraft fee, ATM
JPMorgan Chase, Bank of America (BoA) and Wells Fargo earned over $6 billion from ATM service and overdraft fees. For the first time, US government in 2015 allowed banks to disclose details from ATM a
Hong Kong Dollar Has The Biggest Weekly Plunge in More Than A Decade
Hong Kong dollar dropped to four-year low against US dollar and continue to dive. Its continuous plunge lead to the biggest weekly loss for more than a decade.
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
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 f
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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