Nasdaq acquired a London-based regulatory technology firm Sybenetix which uses algorithms to catch rogue traders, the company said on Tuesday. The stock exchange said it is paying an undisclosed amount and intends to fund the purchase with cash. “Nasdaq is investing in the technologies, talent and capabilities that solve the complex challenges our clients face,” […]
Read moreCurrency, United States Finance
Iran already has a lot of problems, and the next one could be a banking crisis
Nothing is easy for Iran’s economy these days, and things could soon get even tougher. The U.S. House of Representatives is expected to pass a bill Tuesday to put new sanctions on Russia, North Korea — and Iran. A Senate version passed overwhelmingly last month. Iran is being targeted for its activities in Syria, its […]
Read moreMicrosoft is not killing off its Paint app in the next update of Windows 10, the company said late on Monday, after fears that the iconic software could be ditched. The U.S. technology company recently released a list which labeled Paint “deprecated”, meaning it was considering removing the app when the Windows 10 Fall Creators […]
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Akzo Nobel second-quarter profit misses forecasts, chairman to resign
Dutch paintmaker Akzo Nobel, grappling with the consequences of rebuffing a 26.3 billion euro ($30.63 billion) takeover bid by U.S. rival PPG Industries, on Tuesday announced earnings below market expectations and said Chairman Antony Burgmans will resign at the end of his term in April 2018. Akzo said its core profit in the second quarter […]
Read moreThings are looking up for Malaysia, with more foreign investors cashing in on the country’s improving economy and strengthening currency, market participants told CNBC on Tuesday. The Malaysian ringgit has been one of the best-performing currencies in the region this year, while domestic stocks have gained around 8 percent. In fact, the country’s brightening prospects […]
Read moreJapanese tech titan SoftBank has approached Uber about taking a multi-billion dollar stake in the ride-sharing company, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. SoftBank has already invested in three ride-sharing companies in Asia: GrabTaxi in Singapore, Ola in India and Didi Chuxing Technology in China, the report noted. […]
Read moreLeica Camera may be known for its cameras, but the iconic brand may have its sights set on something beyond its traditional forte ー phones. The high-end optics manufacturer co-engineered a dual-camera system with Chinese smartphone maker Huawei last year as part of a strategic partnership, offering its optics expertise to a new demographic of […]
Read moreBank of Japan policymakers contested how much information to disclose about a possible exitfrom quantitative easing, with several worrying about the risks of doing so given the BOJ is still far off its 2 percent inflation goal, minutes of the central bank’s June 15-16 meetingshowed on Tuesday. Some members said the BOJ needed to clearly […]
Read moreSouth Korea raised its growth outlook for this year on Tuesday and vowed to maintain an expansionary fiscal policy that would support job creation. The government projected economic expansion of 3 percent in 2017, the fastest since growth of 3.3 percent seen in 2014. The finance ministry’s latest outlook revised growth up from an earlier […]
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