Category: Business
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China backs interbank collateral
The Chinese government on Friday said that it will soon allow borrowers to use offshore foreign currency bonds as collateral for interbank loans. This is a step further towards liberalizing the country’s capital..
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Steel Scandal Rocks Japan
Kobe Steel has been accused of violating Japan’s competition law after the firm admitted it had fabricated the strength and quality data of products sold to hundreds of clients. Japan is a sovereign island country..
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Singapore’s future : Good, not great
Oxford analysts in a report said that Singapore’s future looks “good, not great” with its continued manufacturing reliance. While emerging Asian cities will boom on the service sector’s pick up. The Republic of..
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EU Hits Google with Massive Fine
The European Commission has hit Google with a multibillion fine on Wednesday over allegations that it pushed its apps on smartphone users and thwarted competitors. The penalty comes amid wider scrutiny over
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China: biggest air travel market
A report released in the Farnborough Airshow estimated Boeing’s sales forecast. The report ‘s upbeat forecast underlined the importance of China to the aircraft industry as one in four of Boeing’s passenger..
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Microsoft and Walmart Collaborate
Walmart and Microsoft have partnered up Tuesday for a wider use of cloud and artificial intelligence (AI) technology to improve online shopping experience. Microsoft Corporation is an American multinational..
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Amazon Crashes on Prime Day
Amazon experienced periodic disruptions on Monday afternoon with the launch of one of its biggest online sales. Users resorted to social media to express their outrage. Amazon is an American electronic commerce..
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Boeing’s Tariff Concerns
American aerospace and defense giant Boeing is concerned that the trade dispute between the world’s two biggest economies will affect global economic growth. The United States and China are two of the largest..
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Amazon shakes healthcare business
Amazon said it is buying online pharmacy PillPack for an undisclosed sum. In January, Amazon announced a partnership with J.P. Morgan and Berkshire Hathaway..
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Deutsche Bank Fails Stress Test
In the second round of the Federal Reserve’s annual two-stage stress tests, designed to assess how well the sector could withstand another financial crisis..