Business News

Elliott Management Makes Multi-Million Dollar Investment in Salesforce - Report

Earlier this year Salesforce Inc said it plans to cut jobs by 10% and close some offices after rapid pandemic hiring left it with a bloated workforce amid an economic slowdown.

Jan 23, 2023

By Reuters

Gold Breakout Around Corner? Dollar Decline, Stock Plunge to Drive Yellow Metal Past $3,000?

February gold futures ended the week at $1.927.10 an ounce, even as silver recorded a 21 percent jump in the last three months.

Jan 23, 2023

By Jacob J

Crypto Brokerage Genesis Files for Bankruptcy After Running up $3 Billion Debt It Can't Service

The assets and liabilities of Genesis, which is owned by venture capital firm Digital Currency Group (DCG) is estimated between $1 billion and $10 billion.

Jan 20, 2023

By Jacob J

Indian Fintech Startups Raised $5.65 Billion in 2022 Amid Crypto Winter

Y Combinator, Tiger Global Management and Lets Venture were the most active investors in the space, with more than 20 investments in 2022.

Jan 19, 2023

By IANS

Are Central Banks Deliberately Causing a Recession? Fed, ECB and BoE Signal More Rate Hikes

To put things in perspective, even as the Blackrock analysts made this comment, Federal Reserve policymakers said they will go for further rate tightening to control inflation.

Jan 19, 2023

By Jacob J

Dollar Declines 10% From 2-Decade Peak; It's China Resurgence That Hurts Greenback

Some analysts say that China's emergence from a protracted Covid-19 lockdown and the positive sentiment this has stirred up are driving the greenback down.

Jan 18, 2023

By Jacob J

Russia's Current Account Surplus Zooms 86% to Hit Record $227 Billion as Oil Exports Stays Robust

Trade between Russia and China hit a record high of $190 billion last year, Chinese customs data showed.

Jan 18, 2023

By Reuters

China's Economic Recovery Needs a Stimulus Package: S&P Global

The full reopening of mainland China's borders is likely to be delayed until international restrictions against China-originated travel are dropped.

Jan 17, 2023

By IANS

US State of Wyoming to Ban Electric Vehicles by 2035; Legislation Explained

There are about 100 companies that are engaged in the oil and gas sector Wyoming, operating a combined 30,000 miles of pipelines and giving jobs to as many as 68,000 people.

Jan 17, 2023

By Jacob J

What is Driving Cryptocurrency Solana's Surge? Altcoin Rises Nearly 60% in 7 Days

Solana, an altcoin which got nearly wiped out because of FTX's collapse, has gained nearly 60% of its value.

Jan 16, 2023

By Nandika Vinal Chand

China Stocks Boom As Foreign Investors Return to Power a V-Turn After Covid Fiasco

According to Nikkei Asia estimates, the foreign investors bought a net 64 billion yuan in the first nine trading days of 2023 compared with only 90 billion yuan investment in the whole of 2022.

Jan 16, 2023

By Jacob J

How Blockchain Technology is bringing a change in Online Gaming Industry

The majority of gaming experiences are still trapped in traditional, centralized models, where developers and gaming companies hold the most power within the ecosystem.

Jan 15, 2023

By Raghav Sawhney

Swedish Mining Company LKAB Finds Huge Rare Earths Deposits; Can Europe End Its China Dependence?

According to the European Commission estimates, as much as 98 percent of the rare earths minerals that Europe needs come from China.

Jan 14, 2023

By Jacob J

Bitcoin Is NOT Dead; Largest Cryptocurrency Rises 4% to Go Beyond $20,000

The cryptocurrency is up 26.4% from the year's low of $16,496 on January 1.

Jan 14, 2023

By IBTimes APAC Desk

Will Financial Armageddon Happen Via a US Default on Interest Payments? EXPLAINER

A Us government interest payment default, albeit unlikely, is termed as a potential financial Armageddon, that will throw the entire global economy into a tailspin.

Jan 14, 2023

By Jacob J

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