Japan cut its third-quarter GDP expansion to 1.3% from a preliminary estimate of 2.2%. The Cabinet Office said capital investment took a big drop as businesses drew down inventories, rather than buy products. Reuters (08 […]
Despite China’s efforts to curb capital flight, foreign exchange reserves dropped $69.1 billion in November, the biggest single-month fall since January, the People’s Bank of China said. The size of the decline could prompt the […]
Automobile sales in China rose 19.8% in November to 2.42M units, according to the Passenger Car Association. Demand in China has been impacted by a tax cut that is due to expire at the end […]
Sony has announced plans to release up to six new smartphone-based games over the next fiscal year. The company earns most of its profits in the games segment of its business, which is said to […]
Finicity, a startup that offers a platform for financial data sharing, announced a major investment round led by credit reporting giant Experian. Finicity raised $42 million in Series B funding, which the firm will use […]
A mobile app that lets users find and book stylish workspaces on-demand, Breather, raised a Series C round of $40 million. The funding brings Breather’s total capital raised to $73 million. Menlo Ventures led the […]
Square’s latest acquisition proves the company’s food delivery business isn’t going anywhere. The mobile payment company has acquired Main Line Delivery, an 8-year-old startup that delivers food to the Main Line region of Philadelphia. Square’s […]
Blockchain startup Digital Asset Holdings has developed a platform that uses “fingerprints” to mask private data in its distributed ledger. Privacy concerns have been the biggest obstacle to the financial industry adopting blockchain technology, which […]
Google and messaging startup Slack said they have created a strategic partnership to deepen the integration of the companies’ services. The deal strengthens Slack’s ability to respond to competing products from Facebook and Microsoft. TechCrunch […]
Banks will be able to borrow government bonds from the European Central Bank for cash in an initiative aimed at eliminating the scarcity of bonds available as collateral for repurchase agreements, the ECB said Thursday. […]
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