A venture backed by eight major financial institutions has begun beta testing a peer-to-peer network that aims to use blockchain distributed ledger technology to slash billions off the cost of processing foreign exchange transactions. Fronted […]
Private investors have put $1 billion into an initial funding round for Chinese electric-car startup WM Motors, founder Freeman Shen said. The company plans to introduce its first car in 2018 and produce more than […]
With GDP of US$1.38 trillion last year, South Korea has recaptured its position as the world’s 11th-largest economy, trailing Canada in 10th position. GDP last year was down from 2014, when Korea placed 13th globally […]
China is moving ahead with plans to link the Shenzhen and Hong Kong stock exchanges, following the similar tie between Hong Kong and Shanghai. The latest linkage will provide wider scope for investors interested in […]
While Dropbox has said in the past it doesn’t plan to IPO “any time soon,” next year isn’t really “soon,” considering the comments came last November. One thing on many investors’ minds though will be the […]
Apple (NASDAQ:AAPL) will reportedly invest more money in China, as CEO Tim Cook wants to build a research and development center in the country by the end of the year. Perhaps Apple’s investments in China […]
Ford announces it plans to introduce a fully autonomous vehicle in a ride sharing or ride hailing service in 2021. The company says the new SAE Level 4-capable vehicle will be produced at a mass market […]
Hike secured its fourth and largest round of funding led by Tencent Holdings and Foxconn Technology. This raise values the messaging startup at $1.4B and brings total funding to $250M. Previous investors SoftBank Group, Bharti Enterprises and […]
The eurozone’s economy should be able to ride out the effects of the UK’s decision to leave the EU, European Central Bank policymakers have concluded. Germany’s Bundesbank said the ECB’s governing council determined last month […]
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