News

New South Wales to Install the World’s First Mobile Phone Detection Cameras on Roads

By Adrian Todaro December 2, 2019

New South Wales installed the world’s first mobile-phone detection camera on its roads to detect car drivers using mobile phones while driving. The cameras are built to operate 24×7 and withstand all weather conditions. The state plans to install 45 such cameras in the next three years. New South Wales Minister of Transport, Andrew Constance, […]Continue Reading

Company News

Korea’s Wealth Funds of $145 Billion Moves Towards Fixed Income Assets

By Adrian Todaro November 29, 2019

In 2018, a sudden shift in the market conditions, South Korea’s wealth funds of worth $145 billion got ignited, and now, there is planning to add it to the bonds or fixed assets and globally cut the shares to secure the returns in double-digit in 2019. In 2005, Korea Investment Corp was founded. The chief […]Continue Reading

Trading News

Michigan’s Municipal Employees Retirement System Buys Shares of $319,000 in First Defiance Financial

By Adrian Todaro November 28, 2019

Recently, Michigan’s Municipal Employees Retirement System invests a sum of $319,000 and buys shares of First Defiance Financial during the third quarter in a recent 13F filing with SEC (Securities and Exchange Commission). According to the reports, the company purchases 11,000 saving shares and loans the company’s stocks worth $319,000. Now, Michigan’s Municipal Continue Reading

Stocks

Muthoot Finance to Buy IDBI AMC and IDBI MF to Enter Mutual Funds Sector

By Adrian Todaro November 23, 2019

Gold loan provider Muthoot Finance has agreed to buy 100% equity in IDBI Asset Management (AMC) and IDBI Mutual Fund (MF) Trustee Company for Rs 215 crore. The company revealed this information in a filing to the Bombay Stock Exchange. It further clarified that it planned to complete the transaction by February 2020, provided there […]Continue Reading

Company News

Yahoo Finance and CoinMarketCap Form Partnership to Share Cryptocurrency Data

By Adrian Todaro November 22, 2019

CoinMarketCap, which records the highest traffic among sites giving information about cryptocurrency prices, has formed a strategic partnership with Yahoo Finance, the financial news website of Verizon Media. Yahoo Finance’s cryptocurrency data page will source cryptocurrency pricing, indices as well as educational content from CoinMarketCap. CoinMarketCap indices Crypto Continue Reading

Company News

Wirecard Collaborates With Bank Mandiri to Provide Digital Payment Solutions to Customers

By Adrian Todaro November 20, 2019

Bank Mandiri, one of the largest Indonesian banks, has launched a new Customs Management service in collaboration with Wirecard. The service is a payment integration with the Indonesian DJBC, the Directorate General for Customs and Excise. It is anticipated to help corporate users execute customs and excise transactions. The service is accessible to the Banks’ […]Continue Reading

Company News

Gold-backed Crypto Firm Told to Stop Operations After Pyramid Scheme Allegations

By Adrian Todaro November 15, 2019

Karatbars, a German Cryptocurrency firm that sells “Cryptonized gold” tokens, has been ordered to stop operations by German government banking regulator BaFin, over allegations that it was running a pyramid scheme. BaFin issued a cease-and-desist order to Karatrbars parent firm Karatbit Foundation, which is registered in Belize. BaFin also asked the firm to settle all […]Continue Reading

News

Jeff Bezos, Bill Gates and Warren Buffet Top Richest Person of World, Mark Zuckerberg Down by 3 Positions – Forbes List

By Adrian Todaro March 7, 2019

The founder of Amazon Inc., Jeff Bezos holds the top position as the world’s wealthiest person; he is ahead of Bill Gates and Warren Buffet in the Forbes List, data according to recent Forbes list of the extremely wealthiest person. Meanwhile, the Facebook co-founder has slipped by 3 positions, and former New York Mayor Michael […]Continue Reading

News

Bernard Arnault the Owner of LVMH Defeats Warren Buffet as the Third Wealthiest Person of the World

By Adrian Todaro March 6, 2019

Luxury goods investor Bernard Arnault has overtaken the Chairman of Berkshire Hathaway Inc. Warren Buffest to gain the title of third wealthiest person of the world in the Bloomberg Billionaires Index list. Bernard Arnault is a Frenchman, who has added 14.5 billion dollars to his company so far during this year. And, now the worth […]Continue Reading

Trading News

Dubai Stocks or Saudi, Which to Buy?

By Adrian Todaro March 6, 2019

Saudi Arabia is an important country in the oil market and a member of the OPEC. Known for its production of natural gas and petroleum, it also has an emerging stock market called the Tadawul. It is the main stock exchange among the Gulf countries since 2007. Being a relatively new exchange, it did not […]Continue Reading