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Facebook Developing Cryptocurrency For WhatsApp

Facebook Developing Cryptocurrency For WhatsApp

Facebook is far from releasing the coin, because it’s still working on the strategy, including a plan for custody assets, or regular currencies that would be held to protect the value of the stablecoin.   NEW YORK – Facebook is working on making a cryptocurrency that will let users transfer money on its WhatsApp messaging […]

December 29th, 2018 | Posted in Business | Read More »

Wall Street’s $45 trillion China Dream Inches Toward Reality: Xi Jinping

Wall Street’s $45 trillion China Dream Inches Toward Reality: Xi Jinping

While Xi Jinping signalled that China’s opening remains on track despite the country’s trade war with America, he also made it clear that policy makers will move deliberately.   BEIJING – Almost exactly a year after the country announced historic plans to ease local ownership rules and entry barriers to what’s now a $45 trillion […]

November 26th, 2018 | Posted in Business | Read More »

Nissan Chairman Carlos Ghosn Arrested In Corruption Case: Report

Nissan Chairman Carlos Ghosn Arrested In Corruption Case: Report

The Yomiuri newspaper reported that Ghosn had been arrested by Tokyo prosecutors on suspicion of under-reporting his salary.   TOKYO – Nissan Motor Co Ltd’s chairman, Carlos Ghosn, has been arrested in a corruption case, the Yomiuri daily said on its website on Monday. The Japanese automaker said that Ghosn had used company money for […]

November 26th, 2018 | Posted in Business | Read More »

Indian Govt Rules Out Possibility of Bail-Out For Jet Airways

Indian Govt Rules Out Possibility of Bail-Out For Jet Airways

The airline is facing financial troubles due to an increase in Brent fuel, along with a weak rupee and a mismatch between high fuel prices and low fares.   NEW DELHI – The Central government on Monday ruled out the possibility of providing any financial bail-out or leeway to cash-strapped Jet Airways, stating that it’s […]

November 26th, 2018 | Posted in Business | Read More »

iPhone XR Shipment Estimates Cut By 30%: Report

iPhone XR Shipment Estimates Cut By 30%: Report

SAN FRANCISCO – Estimates of Apple’s “most affordable” 2018 model, the iPhone XR, has been cut by nearly 30 million shipments, a famed Apple analyst has written in his research note. According to Ming Chi-Kuo, an Apple analyst working with TF International Securities, shipment forecast for the iPhone XR has been cut from 100 million […]

November 17th, 2018 | Posted in Business | Read More »

Flipkart CEO Forced Out By Walmart Over ‘Serious Personal Misconduct’

Flipkart CEO Forced Out By Walmart Over ‘Serious Personal Misconduct’

NEW DELHI – Flipkart Group CEO and co-founder Binny Bansal on Tuesday resigned following a probe into an alleged “serious personal misconduct”, the firm’s new parent Walmart said. Bansal, 37, has strongly denied the allegation, the American retail giant said. His decision to step down follows an independent investigation done on behalf of Flipkart and […]

November 17th, 2018 | Posted in Business | Read More »

Alibaba “Singles’ Day” Smashes $25 Billion Sales Record In Under 16 Hours

Alibaba “Singles’ Day” Smashes $25 Billion Sales Record In Under 16 Hours

Chinese e-commerce giant Alibaba Group Holding Ltd smashed the 2017 record for its Singles’ Day sales event on Sunday, surpassing 168 billion yuan sales in under sixteen hours.Singles’ Day, also called “Double 11” is the world’s biggest online sales event, outstripping U.S. shopping holiday Black Friday. BEIJING – Chinese e-commerce giant Alibaba Group Holding Ltd […]

November 17th, 2018 | Posted in Business | Read More »

A Tough Road Ahead For India’s Plummeting Rupee: Report

A Tough Road Ahead For India’s Plummeting Rupee: Report

The rupee hit 74 on the dollar on Wednesday after television channels reported RBI governor Urjit Patel may resign due to the spat with the government. NEW DELHI – There will be little respite for the bruised Indian rupee over the coming year, depressed by an escalating US-China trade war and rising domestic political risks […]

November 10th, 2018 | Posted in Business | Read More »

India Can Buy Oil From Iran As US Agrees To Waiver

India Can Buy Oil From Iran As US Agrees To Waiver

The US has agreed to let eight countries, including its strategic allies India, Japan and South Korea, to keep buying Iranian oil after it reimposes sanctions next week NEW DELHI – India is set to continue oil imports from Iran with the US agreeing on waivers for eight countries regarding sanctions set to kick in […]

November 10th, 2018 | Posted in Business | Read More »

High Prices Take Sheen Off Gold Sales On Dhanteras

High Prices Take Sheen Off Gold Sales On Dhanteras

NEW DELHI – Gold and jewellery sales in the morning trade remained subdued this Dhanteras on Monday owing to sluggish demand from consumers amid high prices, according to industry players. However, organised players like PC Jewellers are expecting better sales later during the day as quality and better designs at competitive prices are likely to […]

November 10th, 2018 | Posted in Business | Read More »