News

Oil-rich Kuwait Plans to Increase the Investment in India by Double

By Adrian Todaro February 9, 2019

Taking advantage of India’s growth story and exploring third country joint Projects. Kuwait is aiming to double its investment in India from the current five billion dollars. As per sources, The Kuwait Investment Authority (KIA) has currently invested five billion USD and plans to double this. Kuwait also is aiming to enter into third country […]Continue Reading

Trading News

United States and China Make Significant Progress in Bilateral Trade Talk

By Brian Stanley February 8, 2019

Significant progress has been made during the latest round of China-United States trade talks. Business leaders, analysts, and officials said that it could pave the way for a complete solution during the next-step of negotiations. They also conveyed that China has been opening up its economy to the rest of the world and is offering […]Continue Reading

Company News

QuadrigaCX to be sold to Settle Debts

By Adrian Todaro February 7, 2019

As per a recent news correspondence, a lawyer has been appointed by a Nova Scotia’s court in Canada to have access to the encrypted laptop of the deceased CEO, Gerald Cotton of QuadrigaCX, which is a major Canadian crypto exchange. The laptop which is believed to provide access to $190 million of QuadrigaCX customer funds […]Continue Reading

News

US Agency Seeks Potential Sources for Blockchain Data Analysis

By Adrian Todaro February 5, 2019

US Securities and Exchange Commission has issued a notice in which it is looking for various Blockchain analytics companies to provide blockchain data and its analysis. SEC is looking for a potential blockchain company that can provide blockchain data to encourage its risk monitoring and compliance improvement. Also, SEC expects this blockchain company to inform […]Continue Reading

Company News

Nvidia Generated $1.95 Billion in Revenue from Crypto Mining Sales

By Norma Stanley February 4, 2019

A report published by Markets Insider reveals that Nvidia has earned a whopping $1.95 billion in revenue via its crypto business. However, the official financial statement of the company has claimed a crypto-related revenue of $602 million. RBC analyst, Mitch Steves, told that the actual number is at least three times higher. “We think NVDA […]Continue Reading

Company News

Chinese Tech Giant Huawei’s Top Executive Charged for Stealing By U.S.A.

By Brian Stanley January 30, 2019

Chinese tech giant Huawei’s chief executive has been charged with criminal charges for stealing trade secrets, misleading banks about its business and violating U.S. sanctions. Huawei entirely denied committing any violation mentioned in the indictment. These charges were announced just before a critical two-day round of trade talks between China and the United Continue Reading

Trading News

China’s Industrial Profits Shrink Second Month In A Row

By Adrian Todaro January 30, 2019

Earnings of China’s industrial firms have gone down further in December. This has placed a lot of pressure on policymakers to support the industries hurt by weak factory activity and slowing prices as a result of the U.S.- Sino trade war. The dipping earnings point to troubled times ahead for China’s huge manufacturing sector which […]Continue Reading

Company News

Commerce Chief Tells Unpaid Federal Workers to Get Loans

By Norma Stanley January 28, 2019

U.S. Commerce Secretary Wilbur Ross on Thursday advised the furloughed federal workers who would be facing a second missed paycheck to get loans to pay their pending bills. He also added he doesn’t understand why the federal workers have any issue availing loans. Ross, who made a fortune buying distressed companies, said it was disappointing […]Continue Reading

Company News

Ford Focuses on Doubling Profit

By Katherine Miller January 28, 2019

Jim Hackett, Chief Executive of Ford Motor Co, said on Thursday that the company would be aiming to double its annual operating profit this year. Ford, the No.2 automaker in the U.S. had mediocre gains last year. Hackett’s comments on the coming year’s profits were made in an email to the employees at Ford. Ford […]Continue Reading

Company News

Financial Technology venture fund Augmentum invests 7.5 million pounds in small business lender Iwoca

By Evan Vaughn January 28, 2019

Aimed at funding balance sheet expansion and accelerating growth of Iwoca’s product offerings and market share. The SME lender will use its award-winning technology to break the barriers obstructing access to finance for over 20 million European small businesses. While many firms are addressing the SME lending market, very few have a credit-product as advanced […]Continue Reading