Sanofi and Alphabet’s life sciences firm Verily are investing about $500M in a diabetes joint venture combining devices with services, an example of growing ties between the pharma and tech sectors. “The company will leverage […]
Starbucks plans to increase its global tea business to $3B over the next five years as it starts selling its Teavana line in more than 6,200 stores across the Asia Pacific region following its entry […]
More than $14B was wiped off Samsung’s (OTC:SSNLF) market capitalization after the firm urged consumers worldwide to immediately stop using their Galaxy Note 7s and exchange them as soon as possible. U.S. authorities told users […]
Federal regulators say employees at Wells Fargo (NYSE:WFC) created millions of fake bank accounts and credit card numbers over the past five years in an illegal bid to boost their sales figures. The bank has […]
China’s consumer price inflation slowed to its weakest pace in almost a year in August, although an encouraging moderation in producer price deflation added to growing evidence of a steadying economy. The CPI climbed 1.3% […]
Goldman Sachs Group has brought to NYSE Arca an exchange-traded fund that buys US Treasury maturing in one year or less. The Goldman Sachs Treasury Access 0-1 Year ETF tracks the Citi US Treasury 0-1 […]
Disruptive financial technologies should receive the same regulatory treatment as banks, says Dirk Schrade of Deutsche Bundesbank. “I personally think that, as central banks, we should not be the driver of innovation,” he said. Risk.net […]
China is committed to pressing ahead with the development of integrated financial services, said People’s Bank of China Deputy Governor Fan Yifei. The shift to integrated financial services is essential to make China’s financial system […]
The presidents of the World Bank Group and the New Development Bank, commonly known as the BRICS bank, agreed to strengthen cooperation in meeting the world’s infrastructure needs. They said they will work together to […]
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