In a deal valuing the entire company, including debt, at about A$20.8 billion ($16 billion), the New South Wales state government announced Thursday it had sold a 50.4 percent stake in power network Ausgrid to two local funds. Citing national security concerns, an offer from State Grid Corp. of China that was said to value…
At least in the European market that helps dictate global crude oil prices, bearish signals abound even as one would hear the oil market is rebalancing if listening to Saudi Arabia and the Brent is holding above $50 a barrel. But the fact in the world of physical oil is different than on the face.…
Amid a dwindling appetite for hedge funds the ultra-rich are sticking with real estate and private equity, an investment club for the ultra-rich has revealed this about its members. A 28 percent average allocation to real estate investments and a 21 percent slice of the portfolio being allocated towards private equity, shows a survey by…
UK Prime Minister Theresa May was told by French President Francois Hollande to prepare for tough negotiations even as she tried to reassure EU leaders over Brexit while attending her first European Union summit since Britain’s vote to leave the bloc. May was allotted a short time slot at the end of dinner on Thursday to lay…
After Nintendo Co’s new gaming platform Switch failed to impress investors, the company’s shares dropped on Friday. Unveiled in a three-minute video released late Thursday, a tablet-like console that will let gamers play at home and on the go had been a long-awaited device. Gamers were shown to be detaching a part of it to continue…
If you are in the market for a computing device, Microsoft’s Surface is definitely worth examining. While Microsoft started the concept of an in-between computer that sits between a desktop and a laptop, it is now reaping rich benefits, although initially taking off was admittedly rough. Although initially, the very concept of a Surface computer…
Much to its surprise, Apple discovered that 90% of the chargers it bought from Amazon were fake. If you have bought an Apple charger from Amazon, its 99% likely that they are fake. Apple has now filed a suit against Mobile Star LLC for manufacturing fake Apple cables and Apple chargers and passing them off on Amazon…
As the Silicon Valley electric car company bids to be the first among many rivals to get autonomous vehicles on the road, Chief Executive Elon Musk of Tesla Motors said that all new Tesla models will come with hardware to enable them to be fully self-driving. New hardware, which includes eight cameras, 12 updated sensors,…
With Malaysia Airlines’ market share up 9 percentage points in the past 11 weeks, fare cuts aimed at boosting passenger numbers on Kuala Lumpur-London flights are bearing fruit, the carrier’s Chief Executive Officer Peter Bellew said. Bellew, who took over on July 1, said in an interview that 53 percent of traffic between the two…
Crammed with sensors, they can self-assemble, self-charge, can move up and down the wearer’s clothed body. While wearable technology has culminated in smaller, less obtrusive devices, culminating in fitness trackers and smartwatches, but that need not always be the case. Researchers from Stanford and MIT have teamed up to develop miniature robots jammed with sensors…
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