Companies based in the Dubai International Financial Center increased 16% in the first half of this year, despite weak oil prices and a slowing global economy. More than 20,000 people work in the business park, […]
Sense Labs Inc. said Thursday that it has raised a new investment round of $14 million led by Shell Technology Ventures and Energy Impact Partners, a fund bankrolled by several American utilities. Sense Labs Inc., a […]
International Monetary Fund Managing Director Christine Lagarde has appealed to Group of 20 leaders preparing for a meeting in China to support forceful economic reform or risk a “low-growth trap” with falling productivity, weakening incentives […]
Federal Reserve Chair Janet Yellen’s speech in Jackson Hole, Wyo., hinting at an upcoming rate increase has boosted mortgage rates. The average 30-year fixed-rate mortgage was at 3.46% on Thursday, up from 3.43% the previous […]
More than $7B was wiped off the market value of Samsung Electronics (OTC:SSNLF) today after it delayed shipments of its premium phone offering amid reports of exploding batteries that could catch fire while charging. The […]
Taking its first step towards disrupting the market for payments between banks, Visa (NYSE:V) will invite lenders today to test a system for sending money over blockchain, the technology underpinning bitcoin. The credit card company, […]
Saudi Arabia’s first international debt sale has generated so much interest from Asian investors that the kingdom is weighing a full pipeline of bonds to follow a $15B initial auction as early as October, FT […]
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