Dominic Schnider, head of Asia-Pacific foreign exchange at UBS said in a TV interview that with further weakness likely ahead the dollar’s recent downdraft hasn’t ended. Trading as high as 100.47 in Asia trade, the dollar index, which measures the greenback against a basket of currencies, was trading as high as 100.47 in Asia trade. While…
An estimated $1.4 billion windfall and Elon Musk, the carmaker Tesla’s billionaire chief executive officer, is now separated by only six remaining milestones that still stand between them. According to a proxy statement filed on Thursday, Musk has achieved six of the 10 operational goals to date, up from five at this time last year.…
As part of a plan to stimulate an economy squeezed by low oil prices and spending cuts, Saudi Arabia Finance Minister, Mohammed Al-Jadaan said, that the country may offer “almost interest-free” loans to companies in labor-intensive industries. Al-Jadaan said in an interview on Thursday in Washington, where he’s attending International Monetary Fund and World Bank…
A day when people can control almost any piece of software with their voice is what Amazon.com Inc’s chief technology officer is working toward. CTO Werner Vogels said in an interview that to enable developers so they can build chat features into their own apps, the company on Wednesday rolled out the technology powering Alexa,…
There are allegations that Bose Corp violates the privacy rights pf the listeners and user by selling the information without permission, a lawsuit charged and the company spies on its wireless headphone customers by using an app that tracks the music, podcasts and other audio they listen to. An injunction to stop Bose’s “wholesale disregard”…
Despite withdrawing its ride-hailing service from Denmark and facing the possibility of an EU court ruling that could mean tougher rules for the firm, and Uber executive reportedly told the media that Uber Technologies sees opportunities to expand in the Europe Union. Before imposing other requirements that meant Uber could no longer operate there and…
A large number of companies across the globe are in the process of stripping down their data centers and taking advantage of emerging cloud technologies and it is such companies that have helped Amazon Web Services to win business worldwide. However, there is a very different reason for some companies to change from a server based…
Microsoft will have “a lot of work to do”, even though the company is in a good position to take on Amazon in cloud computing, ex-Chief Executive Steve Ballmer said in a TV interview on Tuesday. The competition against Amazon Web Services will be tough for Microsoft, even though the U.S. technology giant has strong products in Azure…
The International Monetary Fund predicted on Tuesday that the overall global economic growth is set to reach 3.5 percent this year and 3.6 percent in 2018. As that was a growth in the investment levels in advanced economies and as the macro economic conditions eased for commodity exporters, the Fund has raised its growth forecasts…
By certain metrics, it’s quite easily done… for all 7.5 billion of us, even if it may seem facetious to reduce human beings to a series of investment characteristics. And raising new questions about what the future of investment might look like are a growing number of new start-ups seem to think that that’s possible.…
