Stock Markets
BlackRock interfund lending gains SEC approval
The Securities and Exchange Commission has authorized BlackRock funds to borrow from one another to cope with any sudden increase in outflow. Interfund borrowing is capped at 10% of assets without collateral and 33% of […]
Facebook Set To Reach 2 Billion Users and targets Africa
Facebook is approaching 2 billion active users. Facebook’s recent investments in emerging markets will unlock more room for growth. Facebook’s investment in Africa After visiting numerous tech hubs in Africa, Zuckerberg and his FB team […]
Amazon to start restaurant deliveries in London
Amazon (NASDAQ:AMZN) will start delivering meals from restaurants direct to customers in some parts of the city, the newest entrant to an increasingly competitive market which includes Just East, UberEats and Deliveroo. The “Amazon Restaurants” […]
Apple introduces iPhone 7
Design slightly refined; “jet black”, high-gloss finish highlighted. Enhanced camera, photo-taking capabilities also featured. The 7 Plus device contains two cameras with both wide-angle and telephoto lenses. Headphone jack removed, connection possible via lightning adapter […]
General Electric has agreed to acquire 2 European 3-D printing companies for $1.4B
General Electric has agreed to acquire two European 3-D printing companies for a combined $1.4B, tapping into manufacturers’ growing demand for digital technologies. Both Arcam (OTCPK:AMAVF) and SLM Solutions (OTC:SLGRF) make machines that can print […]
41 ETFs shut down in August; more closures planned
In August, 41 exchange-traded funds were taken off the market, more than the total for the first six months of the year, when 40 ETFs closed. Based on announcements for September, the number of ETFs […]
Telefonica prepares IPO of UK mobile operator O2
Spain’s Telefonica said it has started working on an initial public offering of British mobile telephone operator O2. Analysts said the deal will probably value O2 at about the £10.25 billion that CK Hutchison Holdings […]
Vietnamese airlines order $6.5B in planes from Airbus
Three airlines in Vietnam have ordered about $6.5 billion worth of aircraft from Airbus. The country’s only private airline, VietJet Aviation Joint Stock, bought 20 A321s, while state-owned Vietnam Airlines purchased 10 A350s and affiliate […]