Exotix Named Best Frontier Markets Investment Bank
UK based investment firm, Exotix Partners has been named the Best Frontier Markets Investment firm by CFI Magazine, a print journal and an online resource reporting on economics, business and finance. Indeed, Exotix [...]
South African Regulator Prosecutes Big Banks for Currency Manipulation
The Competition Commission of South Africa in a statement released on 15th February declared a currency trading collusion case to the Tribunal for prosecution against some of the largest banks [...]India Govt to privatize its loss-making National Airline
Indian Government says its prepared to do whatever it takes to keep its national airline afloat including selling it off to private investors. According to the country's Aviation Minister Ashok [...]A 227 High Quality Carat Diamond is Discovered in Angola
Australian listed company Lucapa Diamond Company Limited (ASX:LOM) together with its partners announced on Monday 13 February 2017 the recovery of a 227 carat diamond from Lulo Diamond Project in [...]Twitter Q4 Revenue Declines Despite Growth in Users
SAN FRANCISCO based Social Media Company, Twitter, Inc. has announced financial results for its fourth quarter and fiscal year 2016. The company posted fourth quarter revenue of $717 million, an increase of 1% [...]Dubai, companies team up with IBM on blockchain project
Dubai, one of the world’s largest trading hubs, has linked up with IBM to launch a scheme using blockchain computing technology to process transactions and keep track of goods being [...]Uber CEO quits Trump's business advisory group
Uber Technologies Inc Chief Executive Officer Travis Kalanick quit President Donald Trump's business advisory group on Thursday amid mounting pressure from activists and employees who oppose the administration's immigration policies. Critics included [...]Facebook Q4 Profit Up 128%, Share Price hits All Time High
World's largest Social Media Site Facebook Inc has reported a 128% growth in profits for the fourth quarter to $3.57 billion from $1.56 billion it reported in the same period a year earlier. The results [...]Warren Buffett bought $12 billion of stock after Trump won
The failure of Warren Buffett's favored candidate to capture the White House has not dimmed the billionaire's appetite for stocks. The renowned investor has revealed that he has bought $12 billion [...]Trump travel ban stirs faint corporate outcry beyond Silicon Valley
Most US corporate bosses have stayed silent on President Donald Trump’s immigration curbs, underscoring the sensitivities around opposing policies that could provoke a backlash from the White House. While the [...]Volkswagen overtakes Toyota as the world's biggest carmaker
German carmaker Volkswagen (VW) nudged Toyota Motors from the top spot in global vehicles sales in 2016, results showed on Monday, Jan 30, in Tokyo, Japan. Toyota reported that its [...]Jack Ma’s Ant Financial Buys MoneyGram for $880 Million
Ant Financial, the financial technology company controlled by billionaire Jack Ma, stepped up its international expansion by buying U.S. money-transfer service MoneyGram International Inc. The $880 million transaction, Ant’s second [...]
