The Wisconsin State Assembly on Thursday will consider a $3 billion incentive package for a proposed liquid-crystal display factory by Taiwan’s Foxconn, the first vote on the deal by a chamber of the state’s Republican-controlled legislature. Foxconn, an electronics manufacturer formally known as Hon Hai Precision Industry Co., hopes to open a $10 billion plant […]
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“I’VE never known it to be an embarrassment for a business leader to be associated with an American president,” declares Max Bazerman of Harvard Business School. Donald Trump, in particular, has positioned himself as a businessman-president, whose corporate acumen would unleash a new era for American business. Investors seemed to believe him—his election prompted a […]
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Another country joins China and Japan in cracking down on bitcoin exchanges
Following moves by China and Japan to regulate digital currencies, Australia is attempting to crackdown on money laundering and terrorism financing with plans to regulate bitcoin exchanges. “The threat of serious financial crime is constantly evolving, as new technologies emerge and criminals seek to nefariously exploit them. These measures ensure there is nowhere for criminals […]
Read moreThree prominent pro-democracy student leaders who stormed government buildings in the run-up to the Occupy protests of 2014 were jailed for between six and eight months on Thursday, and therefore face a five-year ban from public office, as the government won its bid for harsher punishments. The prison terms replaced the community service orders initially […]
Read moreIntel could be a technology stock worth investing in as it looks to expand its chip business in the second half, an asset portfolio manager told CNBC. James Gautrey, portfolio manager and global sector specialist at asset management firm Schroders, said that the semiconductor industry made investors “particularly excited,” and that Nvidia was a “poster […]
Read moreAmazon’s $16 billion bond issuance attracted orders equivalent to the gross domestic product (GDP) of the country Belarus. The money from the bond issue on Tuesday will be used to help the e-commerce giant fund its acquisition of Whole Foods. Demand was very high with the issuance attracting orders of $49 billion, the Financial Times […]
Read moreMotorola was granted a patent on Wednesday for a phone display that heals if it is cracked. The United States Patent and Trademark Office (USPTO) describes a screen made from a “shape memory polymer.” Motorola’s description shows a “repair” button on the phone. When pressed, a user taps the area of the screen that is […]
Read moreGold supply from mines has fallen “dramatically” this year, bolstering prices of the safe-haven asset in the face of geopolitical tensions, ANZ said in a note on Thursday. “Growth in mine output is at its lowest point since the financial crisis, with risks only getting greater,” wrote ANZ’s senior commodity strategist, Daniel Hynes. Gold production […]
Read moreThe United States and South Korea will go ahead with joint military drills next week, the top U.S. military official said on Thursday, resisting pressure from North Korea and its ally China to halt the contentious exercises. North Korea’s rapid progress in developing nuclear weapons and missiles capable of reaching the U.S. mainland has fuelled […]
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Air Berlin aims for asset sales to at least two buyers by end-Sept – CEO
Insolvent German airline Air Berlin aims to strike deals to sell assets to two or more buyers by the end of September, before a government loan keeping its planes in the air runs out, itschief executive said. The group is in talks with a total of three aviation firms, including Lufthansa, German newspaper Frankfurter Allgemeine […]
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