International Monetary Fund directors said they have “full confidence” in the ability of Christine Lagarde to carry out her duties as managing director. The statement of support came after a French court convicted her of […]
Wells Fargo has filed with the Securities and Exchange Commission to get into the exchange-traded fund business by offering products based on smart-beta and multifactor strategies. The bank expects to bring its first product to […]
Indonesia’s central bank is looking to revive a previously shelved plan to slash three zeroes off the face value of its rupiah notes. Bank Indonesia Governor Agus Martowardojo told President Joko Widodo the proposal would […]
Australia downgraded its growth forecasts overnight and predicted larger than expected budget deficits over the next four years, heightening concerns the country could lose its AAA credit rating. The resources-driven economy has enjoyed more than […]
Market operator ICAP will begin processing foreign exchange trades on blockchain in March. It will allow customers to track and value deals in the $1.7 trillion-a-day spot market. So, the London group, to be renamed NEX […]
Careem is one of ride-hailing Uber’s lower profile rivals in emerging markets. It has taken a step into the global limelight today after it announced that it has raised $350 million. The round was led by Japanese […]
SoftBank Group Corp has agreed to invest $1 billion in U.S. satellite venture OneWeb Ltd. The investment is part of a $1.2 billion fundraising by OneWeb, which is seeking to provide affordable internet access to […]
Google Translate was recently converted to a system based on artificial intelligence, and the shift may be indicative of the company’s direction as a whole. Sundar Pichai, Google’s CEO, has indicated that the company will […]
Uber lost more than $800 million in the third quarter and more than $2.2 billion during the first nine months of the year, a source told Bloomberg. Fares paid by riders totaled $5.4 billion last […]
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