Business News

Credit Suisse Inches Closer to Triggering Another Global Financial Meltdown?

The worst-case scenario is for the bank to file for bankruptcy, but Credit Suisse is digging in and fighting it out.

Oct 4, 2022

By Jacob J

Asian currencies drop on Yellen comments

Capital Outflows from Asia Will Accelerate; Fears of Another Financial Crisis Legitimate?

The strong dollar environment has raised questions about how Asia will be impacted and whether this will precipitate another financial crisis.

Oct 3, 2022

By IBTimes APAC Desk

Opec+ to Slash Output by 1 Million Barrel Per Day; US Gasoline Prices to Climb Back to $% a Gallon

It will be interesting to see how the US and the big European energy consuming nations respond to the pressure tactic of the Opec+ cartel, in which Russia is wielding an outsize influence.

Oct 3, 2022

By Jacob J

Credit Suisse Lehman Brothers Moment: Bankruptcy, Merger or a Difficult Turnaround?

Credit Suisse had a market capitalization of $22.3 billion just a year ago. This has crashed to just $10.4 billion as of now, even as shares have plunged 56%.

Oct 3, 2022

By Jacob J

Indian Crypto Exchange WazirX Lays off 40% of Staff, Citing Unique Problems for Industry

A total of 50 to 70 employees of the 150 workers at the exchange were asked to go, CoinDesk reported.

Oct 3, 2022

By IANS

Nested plans to revolutionize accessibility to Web 3 investments

Nested is a great example of a DeFi protocol that is pushing to bring people into the world of decentralized finance with a completely intuitive user experience.

Oct 2, 2022

By IBT Desk

Successful founder of many companies and demonstrating his faith in blockchain technology

Arben Kane has demonstrated his faith in blockchain technology and its related utilities by working on growing NFT collections and projects such as Moon Bats

Oct 2, 2022

By IBT Desk

Crypto Eco-System Thriving Despite Price Headwinds, Analyst Says; Bitcoin Reports Modest Quarterly Gain

The analysis says that though the gains are marginal, it compares much favorably with the previous quarter, in which the BTC had lost almost 60 percent.

Oct 2, 2022

By Jacob J

Cybersecurity

Justin Sun Brings Tron DAO to Undisturbed Fintech Age

Justin Sun said I am very optimistic about this industry; I am willing to try to develop in such an unknown space

Sep 30, 2022

By IBT Desk

India Climbs to 40th Rank in Global Innovation Index; Was at 81st Spot in 2015

'We were 46 last time the ranking was done. We have also maintained first rank in ICT services exports over the years'.

Sep 30, 2022

By IANS

Bloodbath on US Stock Markets; S&P 500 Plunges 2.4%, Nasdaq 3% and Dow Jones 2%

A report from the Commerce Department confirmed that the economy contracted in the first half of this year.

Sep 29, 2022

By Jacob J

The e-commerce industry has vast potential says digipreneur and self made millionaire - Ronnie Teja

The world is moving ahead at a fast pace, and digitization is one of the foremost reasons for its growth, feels Teja

Sep 28, 2022

By IBT Desk

The Rise of US Dollar is Bad for Global Economy; Here's Why a Decline is Inevitable

The Dollar index, which shows how the greenback sits in comparison with the euro, yen and other major currencies, has surged more than 14 percent this year alone.

Sep 27, 2022

By Jacob J

UK Pound Plunges to All-Time Low, Fueling Fears of Sterling Parity With Dollar; All Eyes ob BoE

The sharp plunge in the sterling was triggered by the tax cutting measures announced by Chancellor Kwasi Kwarteng.

Sep 26, 2022

By Jacob J

xHashtag announces the launch of Soulbound Tokens on Solana

Monica Durga says Employers will be able to assemble specialized teams on-demand using Soultag identity credentials, which will change how teams are built.

Sep 26, 2022

By IBT Desk

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