Auto sales in China set annual record
Automobile sales in China rose 19.8% in November to 2.42M units, according to the Passenger Car Association. Demand in China has been impacted by a tax cut that is due to expire at the end […]
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Sony readies new games for smartphones
Sony has announced plans to release up to six new smartphone-based games over the next fiscal year. The company earns most of its profits in the games segment of its business, which is said to […]
Financial-data startup Finicity raises $42M in Series B round
Finicity, a startup that offers a platform for financial data sharing, announced a major investment round led by credit reporting giant Experian. Finicity raised $42 million in Series B funding, which the firm will use […]
Breather raises $40 million for stylish workspaces on-demand
A mobile app that lets users find and book stylish workspaces on-demand, Breather, raised a Series C round of $40 million. The funding brings Breather’s total capital raised to $73 million. Menlo Ventures led the […]
Square solidifies food-delivery unit with purchase of Main Line Delivery
Square’s latest acquisition proves the company’s food delivery business isn’t going anywhere. The mobile payment company has acquired Main Line Delivery, an 8-year-old startup that delivers food to the Main Line region of Philadelphia. Square’s […]
Blockchain startup Digital Asset Holdings secures confidential data with fingerprints
Blockchain startup Digital Asset Holdings has developed a platform that uses “fingerprints” to mask private data in its distributed ledger. Privacy concerns have been the biggest obstacle to the financial industry adopting blockchain technology, which […]
Google partners with messaging startup Slack
Google and messaging startup Slack said they have created a strategic partnership to deepen the integration of the companies’ services. The deal strengthens Slack’s ability to respond to competing products from Facebook and Microsoft. TechCrunch […]
ECB to boost repo market through bond lending
Banks will be able to borrow government bonds from the European Central Bank for cash in an initiative aimed at eliminating the scarcity of bonds available as collateral for repurchase agreements, the ECB said Thursday. […]
Initial US unemployment claims decline
First-time jobless claims in the US dropped by 10,000 last week, to 258,000, reversing the trend that sent the previous week’s total to its highest level in five months. Initial claims have remained below the […]
China might open to global rating agencies
Global credit rating agencies could gain access to China, possibly giving investors a more accurate assessment of risks in the country’s corporate-debt market. “We are encouraged by the removal of credit rating agencies from the […]