T-Mobile US Inc rules out price increase if allowed to acquire Sprint for $26 billion

T-Mobile’s $26 billion acquisition of Sprint has already gained approval from a national security panel headed by the Treasury Department. An antitrust review by the Justice Department and the FCC remain its only hurdles. In a communication to the U.S. Federal Communications Commission, T-Mobile US Inc has disclosed that if it gets the go-ahead to…

Commodity trading platform Qianhai Mercantile Exchange (QME) begins operations

Till the end of 2018, QME is waiving all trading fees on its platform. In a statement, the Hongkong Exchange (HKEX) Group disclosed, Qianhai Mercantile Exchange (QME), a Shenzhen-based commodity trading platform controlled by it has begun operations since Friday. As part of its drive to attract business, QME which so far is only trading…

Investment platform brings Britain’s Revolut into established financial services groups territory

Although many app-only banks have sprung up across Britain, Revolut outshines the crowd since it is the digital bank to integrate an investment platform into its app alongside everyday banking services. On Thursday, Britain’s digital-only bank, Revolut, stated as part of an efforts to further bring innovation and competition into the financial services sector, it…