North Korea may be alarming investors with its repeated missile launches, but markets will take the development in stride over the long term unless the threat of the pariah state worsens, Barclays Chairman John McFarlane said Friday. Asia woke up to news that the hermit state launched another missile early Friday, which landed in the […]
Read moreInvestors are beginning to experience a “real challenge” in the face of current geopolitical tensions, largely due to North Korea’s provocations, according to Sheila Patel, CEO of International Goldman Sachs Asset Management. But while risk management is becoming a key talking point among wealth managers globally, it’s not possible to just apply a general formula […]
Read moreIndonesia’s ride-hailing company Go-Jek wants to imitate the massive success that Alibaba and Tencent have had in China by ushering in an era of digital payments. While Go-Jek started off as a motorbike and taxi hailing company, it has expanded its products to include things like food delivery, groceries and payments. Users can spend on […]
Read moreBEIJING – Axel Moreaux, a French restaurant owner in Beijing, just wanted to plan a new cheese board for the menu. “I said, ‘OK, now, I’m going to buy a lot of cheese from you,'” Moreaux said, recalling the start of big cheese negotiations with a supplier a few days ago. But the meeting ended […]
Read moreA senior executive at China’s internet finance association has urged Chinese regulators to create a framework of regulations to support the development of digital currencies amid a fierce crackdown on trading on virtual tender such as bitcoin. Li Lihui, a senior official at the National Internet Finance Association of China and a former president of […]
Read moreSeoul immediately responded to its northern neighbor’s latest act of provocation on Friday with military drills and its own missile test, raising fears about the arms race on the Korean Peninsula. For the second time in less than a month, Pyongyang on Friday fired a ballistic missile that flew over Japan in what is widely […]
Read moreFacebook on Thursday plans to announce its fourth artificial intelligence research lab, this one in the Canadian city of Montreal. The move comes after Alphabet and Microsoft have invested in the local AI research scene. To lead the lab Facebook has tapped Joelle Pineau, an associate professor of Montreal’s McGill University whose academic papers on […]
Read moreIf JPMorgan CEO Jamie Dimon was trying to set off the bitcoin community with his criticism of cryptocurrency, he succeeded. On Tuesday, Dimon called bitcoin a “fraud,” described it as “not a real thing” and said, “someone is going to get killed.” Crypto enthusiasts took little time in firing back — on Twitter and on […]
Read moreThe United Nations Security Council will meet at 3 p.m. ET on Friday on the latest North Korea missile test, diplomats said, at the request of the United States and Japan. North Korea fired a missile that flew over Japan’s northern Hokkaido far out into the Pacific Ocean on Friday, South Korean and Japanese officials […]
Read moreAlphabet is in talks to invest roughly $1 billion in Lyft, according to Bloomberg. It’s unclear which part of Alphabet is leading the talks, as the company has multiple investment arms. Axios separately reported that “top-level company executives like Alphabet CEO Larry Page” are driving the negotiation. Axios reporter Dan Primack tweeted that the conversations […]
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