News

News highlights – 26 January

News highlights – 26 January

Written by on January 27, 2017 in News with 0 Comments

News highlights for 26 January Toshiba to sell 20% of its chip business, won’t rule out floating later TOKYO (Reuters) – Toshiba Corp is currently looking to sell less than 20 percent of its memory chip business as it looks to raise capital to offset an upcoming multi-billion dollar charge, but may eventually list it, […]

Continue Reading

PayPal offers subdued outlook, worried by currency fluctuation, competition

PayPal offers subdued outlook, worried by currency fluctuation, competition

Written by on January 27, 2017 in News with 0 Comments

(Reuters) – PayPal Holdings Inc offered a subdued outlook on Thursday, as it faced unpredictable currency fluctuations and an increasingly competitive digital payments market. The payments processor predicted its first-quarter revenue would be roughly in line with analyst expectations, with flat to slightly better operating margins for the full year. PayPal gave the guidance in […]

Continue Reading

Chinese banks turn to blockchain technology to clean up markets

Chinese banks turn to blockchain technology to clean up markets

Written by on January 27, 2017 in News with 0 Comments

SHANGHAI (Reuters) – Chinese banks are hiring blockchain experts as the government pushes use of the technology behind bitcoin to increase transparency and combat fraud in its financial sector. Lenders have struggled for years with outdated and disparate technology. While four Chinese banks rank among the world’s five largest by capital, many still use paper, […]

Continue Reading

News highlights – 25 January

News highlights – 25 January

Written by on January 26, 2017 in News with 0 Comments

News highlights for 25 January Bundesbank says fintech sector needs more oversight WIESBADEN, Germany (Reuters) – Financial technology companies require greater oversight because they have the potential to disrupt the banking industry and could threaten financial stability, Bundesbank President Jens Weidmann said on Wednesday. Read more… More insurance needed against cyber risk says French Central […]

Continue Reading

Apple lawsuit against Qualcomm goes global, seeks damages in Beijing

Apple lawsuit against Qualcomm goes global, seeks damages in Beijing

Written by on January 26, 2017 in News with 0 Comments

WASHINGTON (Reuters) – Apple Inc filed a lawsuit against Qualcomm Inc in Beijing, alleging the chip supplier abused its clout in the chip industry and seeking 1 billion yuan ($145.32 million) in damages, Beijing’s Intellectual Property Court said in a statement on Wednesday. Apple also filed a second lawsuit against Qualcomm which accused it of […]

Continue Reading

BT accounting scandal deepens as shareholder lawsuits start in US

BT accounting scandal deepens as shareholder lawsuits start in US

Written by on January 26, 2017 in News with 0 Comments

NEW YORK (Reuters) – BT Group Plc was hit on Wednesday with at least two shareholder lawsuits in the United States, after one-fifth of the telecommunications company’s market value was wiped out in a single day amid a growing accounting scandal in Italy. The lawsuits accusing the British company and three top executives of securities […]

Continue Reading

News highlights – 24 January

News highlights – 24 January

Written by on January 25, 2017 in News with 0 Comments

News highlights for 24 January Verizon earnings, net subscriptions, shares – all down (Reuters) – Verizon Communications Inc’s quarterly profit missed estimates and the No. 1 U.S. wireless carrier added fewer subscribers than anticipated in the fourth quarter as it struggles to fend off rivals in a maturing wireless market. Read more… Yahoo up, says […]

Continue Reading

South Korea gets Pokemon Go, but six month after everyone else

South Korea gets Pokemon Go, but six month after everyone else

Written by on January 25, 2017 in News with 0 Comments

SEOUL (Reuters) – Nintendo Co’s smash hit Pokemon Go was unleashed on South Korea on Tuesday, six months after it was released elsewhere in the world, a delay caused by security fears over Google Maps. The popularity of augmented-reality Pokemon Go around the world has generated crowds of people in parks and other public places […]

Continue Reading

Microsoft strikes a blow for privacy, landmark email ruling stands

Microsoft strikes a blow for privacy, landmark email ruling stands

Written by on January 25, 2017 in News with 0 Comments

NEW YORK (Reuters) – An equally divided federal appeals court on Tuesday refused to reconsider its landmark decision that the U.S. government cannot force Microsoft Corp and other companies to turn over customer emails stored on servers outside the United States. By a 4-4 vote, the 2nd U.S. Circuit Court of Appeals in Manhattan let […]

Continue Reading

Fintech goes for gold addressing Islamic finance market

Fintech goes for gold addressing Islamic finance market

Written by on January 24, 2017 in News with 0 Comments

(Reuters) – Canadian fintech company Goldmoney Inc has certified its gold-based financial products as sharia-compliant, the latest firm to combine blockchain technology to tap demand from Islamic investors. The move illustrates how fintechs, companies that use innovative technology to revamp banking services, are broadening their footprint to include the core markets for Islamic finance in […]

Continue Reading

Top