Foxconn, the world’s largest contract electronics maker and a major Apple supplier, plans to invest more than $10 billion in a display-making factory in the United States and will decide on the location of the plant next month. The Taiwan-based firm has been eyeing U.S. investments for some time and its CEO, Terry Gou, had […]
Read moreWith bond yields globally in the dumps, Singapore’s wealth fund GIC is looking at unconventional sources for fixed income returns, Liew Tzu Mi, GIC’s chief investment officer for fixed income, said on Thursday. For one, she pointed to selective emerging markets for fixed income investments. “In a generally low interest rate environment, if you do […]
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IN A corner of the state of Uttar Pradesh (UP) stands a gleaming building dedicated to animal slaughter on an industrial scale. Neatly mown lawns lead the way to a corral for hundreds of the curly-horned Murrah buffalo typical of the region. Nearby is a lorry-sized, stainless-steel machine in which the animals are killed. A […]
Read moreBlockchain, a bitcoin wallet start-up, has raised $40 million led by venture capital firm Lakestar, Google’s investment arm GV, and billionaire Richard Branson, the company said on Thursday. The investment comes at a time of rising interest in cryptocurrencies, especially bitcoin, which recently hit a record high and has seen a massive rally since the […]
Read moreCurrency, United States Finance
Amid Apple dispute, chip designer Imagination Technologies puts itself up for sale
British chip designer Imagination Technologies announced it had put itself up for sale on Thursday, weeks after the group launched a formal dispute against Apple. While Imagination said it was “progressing well” having attracted buyer interest, the U.K.-based firm confirmed it “remains in dispute with Apple”. In April, the Silicon Valley giant announced it would […]
Read moreThe price of ethereum crashed as low as 10 cents from around $319 in about a second on the GDAX cryptocurrency exchange on Wednesday, which is being blamed on a “multimillion dollar market sell” order. Ethereum is an alternative digital currency to bitcoin and had been trading as high as $352 on Wednesday. Adam White, […]
Read moreUkrainian President Petro Poroshenko said after meetings in Washington that Kiev and the United States would soon sign a number of agreements boosting defense cooperation, news agency Interfax-Ukraine reported on Wednesday. Poroshenko said U.S. Defense Secretary Jim Mattis and Vice President Mike Pence had told him that key members of President Donald Trump‘s administration would […]
Read moreChina’s bond market will double in size from the current $9 trillion over the next five years, overtaking Japan’s to become the world’s second largest behind the United States’, UBS Asset Management said in a report. Underpinning that growth is a law passed in 2015 to prohibit local provinces and cities from borrowing from banks. […]
Read moreTakata will seek bankruptcy protection from creditors on Monday, two sources said, as the Japanese company faces billions of dollars in liabilities stemming from the biggest recall in automotive history. The Japanese company, whose defective air-bag inflators have been blamed for at least 16 deaths and more than 150 injuries worldwide, will file for protection […]
Read moreChina’s central bank will not take action to shrink its balance sheet like the U.S. Federal Reserve as it does not face the same pressures due to its use of different policy tools, an adviser to the People’s Bank of China said on Thursday. The Fed is looking to start reducing its massive $4.2 trillion […]
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