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The bigger Cryptocurrencies get, the worse they perform: BIS

June 17, 2018 by  
Filed under News

LONDON (Reuters) – Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS)said on Sunday in its latest warning about the rise of virtual currencies.


Source: Reuters Business News

China's BYD recalls cars with Takata airbag inflators: state media

June 17, 2018 by  
Filed under News

BEIJING (Reuters) – Chinese electric vehicle maker BYD Co Ltd has announced a recall of over 10,000 cars equipped with accident-prone Takata airbag inflators, state news agency Xinhua reported on Sunday.


Source: Reuters Business News

GE should be fined if French job pledges not met: France

June 17, 2018 by  
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PARIS (Reuters) – U.S. company General Electric should be fined if it does not create as many jobs at Alstom as agreed when it purchased its energy subsidiary in 2015, a French government spokesman said on Sunday.


Source: Reuters Business News

Theranos founder Holmes, former president indicted for fraud

June 16, 2018 by  
Filed under News

(Reuters) – Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company’s former president were indicted on charges that they engaged in schemes to defraud investors, doctors and patients, the U.S. Justice Department announced on Friday.


Source: Reuters Business News

Siemens wins $2 billion contract to build new London Tube trains

June 16, 2018 by  
Filed under News

LONDON (Reuters) – A division of Germany’s Siemens has been awarded a contract worth about 1.5 billion pounds ($2 billion) to design and build 94 new trains for the Piccadilly Line on London’s metropolitan train network, known as the Tube.


Source: Reuters Business News

Orange, former executives to stand trial over staff suicides

June 16, 2018 by  
Filed under News

PARIS (Reuters) – The former head of France Telecom Didier Lombard, six other executives and telecoms operator Orange have been ordered to stand trial over their alleged role in a wave of staff suicides.


Source: Reuters Business News

International fund managers turn to financials, tech as trade worries rise

June 16, 2018 by  
Filed under News

NEW YORK (Reuters) – The rising tensions over global trade policy are prompting some top-performing international fund managers to look for the companies that can emerge as winners.


Source: Reuters Business News

Foxconn announces North American headquarters in Wisconsin

June 16, 2018 by  
Filed under News

SHANGHAI (Reuters) – Taiwanese electronics manufacturer Foxconn said it would establish its North American corporate headquarters in Milwaukee, Wisconsin, following the purchase of a building in the city’s downtown area.


Source: Reuters Business News

Qualcomm-NXP deal still waiting for China nod: sources

June 15, 2018 by  
Filed under News

BEIJING/SHANGHAI (Reuters) – China is yet to approve U.S. chipmaker Qualcomm Inc’s proposed $44 billion acquisition of NXP Semiconductors , three people close to the talks said, dismissing an earlier media report that said Beijing had already greenlit the deal.


Source: Reuters Business News

Trump sets $50 billion in China tariffs with Beijing ready to strike back

June 15, 2018 by  
Filed under News

WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday as Beijing threatened to respond in kind, in a move that looks set to ignite a trade war between the world’s two largest economies.


Source: Reuters Business News

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