2016
IMF’s Lagarde urges G-20 economic reform
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 […]
Yellen inspires rise in mortgage rates
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 […]
Samsung Recalls Galaxy Note 7, after reports of exploding batteries
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 […]
Visa invites lenders to test a system for sending money over blockchain
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
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 […]
Imaging startup Micrima raised $3.45 million to detect breast cancer early
U.K-based Micrima, a startup that aims to image the breast better such that abnormal tissue can be detected earlier, announced Thursday that it has raised $3.45 million (2.6 million pounds) from investors to commercialize its CE-Marked radiowave breast […]
Consumer price inflation in the eurozone at 0.2% in August
Consumer price inflation in the eurozone was stuck at 0.2% in August, leaving the ECB no closer to its inflation target than when it launched the first of a series of stimulus measures more than […]
Laundry startup Washio shuts down
The on-demand laundry startup Washio is closing after reportedly failing to find a buyer. The company had raised $16.8 million from investors but had competition from other startups and faced a lawsuit over its use […]