Latest Articles: Business/Finance
Bill making cryptocurrencies legal way of payment comes into force in Japan
Post Date: 2017-04-03 01:11:06 by Tatarewicz
0 Comments
RT... New legislation authorizing digital currency as a legal payment method has come into force in Japan. The text of the law was released by Japan’s Financial Services Agency on March, 24. Read more Bitcoin embassy in Warsaw. Photo by Patrick Young Bitcoin revolution wins over world Earlier this week, the Accounting Standards Board of Japan said that it would begin work on the creation of a framework to help understand how digital currency would be dealt with in the accounting sector. The process is expected to take six months, according to Nikkei. Big business is especially concerned; since the country has failed to provide guidelines regarding the accounting process when ...
79 firms debut on China's New Third Board
Post Date: 2017-04-02 07:23:49 by Tatarewicz
0 Comments
BEIJING, April 2 (Xinhua) -- A total of 79 small and medium-sized enterprises (SMEs) were added to China's New Third Board over the past week. The newcomers brought the total number of companies listed on the National Equities Exchange and Quotation (NEEQ) system to 11,023. Weekly turnover on the board was about 7.43 billion yuan (about 1.08 billion U.S. dollars) during the period, up 22.2 percent from a week ago. The NEEQ debuted in 2006 as an experimental platform for small non-listed high-tech enterprises in Beijing's Zhongguancun Science Park. The present system was officially established on Jan. 16, 2013. It complements the country's existing stock exchanges, the SME ...
Jack Ma's Latest U.S. Expansion Plan Threatened by Trump Agenda
Post Date: 2017-04-01 09:07:52 by HAPPY2BME-4UM
0 Comments
Chinese billionaire Jack Ma’s latest U.S. expansion plan is facing rising political obstacles.On Friday, two members of the House of Representatives urged the Committee on Foreign Investment in the U.S. to conduct a "full and thorough" investigation of Ant Financial’s proposed acquisition of MoneyGram International Inc., a money-transfer service."The proposal merits careful evaluation as it would provide Chinese access to the U.S. financial infrastructure, a move that would pose significant national security risks if completed," Congressman Kevin Yoder and Congresswoman Eddie Bernice Johnson wrote in a letter to Treasury Secretary Steven Mnuchin.MoneyGram ...
This Science-Backed Online Test Can Tell if You're a Morning Person or a Night Owl
Post Date: 2017-04-01 07:05:29 by Tatarewicz
0 Comments
ScienceAlert... Most of us know whether or not we are morning people. Either you can spring out of bed alert and ready to start the day - without an alarm, even - or you curse the alarm and seek out copious amounts of coffee to feel alive. But beyond that basic split, there's a lot of scientific research that looks at how our internal body clocks, or chronotypes, are defined - and how they influence our lives. We all have an individual chronotype - the main biological trait that explains why some people have an easy time starting their day at sunrise and others hate waking up before 10am (it's largely determined by genetic factors). There are a number of online quizzes that will ...
Bringing back the Somali shilling
Post Date: 2017-03-30 08:27:39 by Ada
0 Comments
Somalia has long played host to one of the world's strangest monetary phenomenon, a paper currency without a central bank. I explored the idea of Somalia's "orphaned currency" more fully four years ago, but if you're in a rush what follows is the tl;dr version. Despite the fact that both the Central Bank of Somalia and the national government ceased to exist when a civil war broke out in 1991, Somali shilling banknotes continued to be used as money by Somalis. Over the years, Somalis also accepted a steady stream of counterfeits that circulated in concert with the old official currency, a state of affairs that William Luther explores in some detail here. The story ...
Pentagon agrees over 4 bln-dollar contract with Siemens
Post Date: 2017-03-30 06:40:24 by Tatarewicz
0 Comments
BERLIN, March 29 (Xinhua) -- U.S. Department of Defense awarded Wednesday a maximum 4.129 billion U.S. dollars contract to Siemens Medical Systems USA Inc., the company said in a press release. The five-year base contract with one five-year option period is for the provision of radiology systems, accessories and training to the army, navy, air force, marine corps and federal civilian agencies. The contract was awarded following a competitive process, involving 27 responses. Joe Kaeser, CEO of Siemens AG, accompanied German Chancellor Angela Merkel on her recent trip to the United States. Editor: yan
Nuclear industry giant Westinghouse files for bankruptcy
Post Date: 2017-03-29 18:07:22 by HAPPY2BME-4UM
0 Comments
Nuclear power giant Westinghouse filed for bankruptcy Wednesday in a major upset to the U.S. nuclear power industry. The company had been constructing the only new nuclear reactors to be built in the country in decades. But cost overruns, delays and other problems forced it to file for chapter 11 bankruptcy protection as it seeks to restructure its business. The company said in a statement that the "strategic restructuring" is a direct result of "certain financial and construction challenges in its U.S. AP1000 power plant projects." The company said it obtained $800 million in debt financing to help fund and protect its core businesses during its reorganization. ...
President Trump Signs Executive Order Reauthorizing American Energy Independence
Post Date: 2017-03-28 19:00:35 by HAPPY2BME-4UM
2 Comments
President Trump Signs Executive Order Reauthorizing American Energy Independence…Posted on March 28, 2017 by sundance The global religion of billionaire carbon traders takes a hit today as the Church of Climatology is diminished by executive action. Apoplectic leftist meltdowns begin in 3,… 2,… 1…. Earlier this afternoon President Trump visited the Washington DC sanctuary of the EPA and signed an executive order reauthorizing America’s energy independence program. [Transcript] 2:14 P.M. EDT – THE PRESIDENT: Thank you. (Applause.) Thank you very much. I guess they like what we’re about to sign. I knew they were going ...
An increasing number of Americans have stopped paying their car loans, and Wall Street is starting to worry
Post Date: 2017-03-28 08:25:58 by Ada
1 Comments
Wall Street is starting to worry about the auto loan market. Fitch, Moody's, Morgan Stanley, Mizuho and Evercore ISI have all published research on the market in the past few days, and there's a recurring theme: It's not looking good. There could be wide-ranging consequences, with automakers, the economy, consumers and one corner of the bond market all potentially taking a hit. The increased interest in the auto loan market seems to be based on commentary from Ally Financial, weak guidance from Ford, and what Evercore ISI called "a splurge in incentive spending." Here's what you need to know: The delinquency rate for subprime auto loans is at the highest level ...
Iraqi Oil Minister Luaibi Says Planning to Visit Moscow in June
Post Date: 2017-03-26 03:37:48 by Tatarewicz
0 Comments
KUWAIT CITY (Sputnik) – Iraqi Oil Minister Jabbar Luaibi told Sputnik on Sunday that he planned to visit Moscow in June. "Yes," Luaibi said answering the question whether he was planning a working visit to Russia. He added that he hoped to come in June. Never miss a story again — sign up to our Telegram channel and we'll keep you up to speed! ... 30 Related: Russia's Rosneft to Buy Oil for Refineries From Iraqi Kurdistan in 2017-19
Stanford report calls for closer U.S.-China collaboration on solar energy
Post Date: 2017-03-26 03:09:47 by Tatarewicz
0 Comments
SAN FRANCISCO, March 25 (Xinhua) -- A new report from Stanford University researchers calls for China and the United States to work more closely together on solar energy with each country capitalizing on its particular strengths. Recognizing China as the major driver of the global solar industry, the researchers with Stanford's Steyer-Taylor Center for Energy Policy and Finance believe the rapidly expanding solar energy industry could contribute to curbing climate change only if governments and the private sector approach it more economically and efficiently. "The Chinese are not only leading the world in terms of the manufacturing of solar equipment, but they are also the ...
In 24 States, 50% or More of Babies Born on Medicaid; New Mexico Leads Nation With 72%
Post Date: 2017-03-25 11:48:01 by HAPPY2BME-4UM
8 Comments
(CNSNews.com) - In 24 of the nation’s 50 states at least half of the babies born during the latest year on record had their births paid for by Medicaid, according to the Kaiser Family Foundation.New Mexico led all states with 72 percent of the babies born there in 2015 having their births covered by Medicaid.Arkansas ranked second with 67 percent; Louisiana ranked third with 65 percent; and three states—Mississippi, Nevada and Wisconsin—tied for fourth place with 64 percent of babies born there covered by Medicaid.New Hampshire earned the distinction of having the smallest percentage of babies born on Medicaid. In that state, Medicaid paid for the births of only 27 percent of ...
Swedish firm finds novel way for Iran business - Bitcoins
Post Date: 2017-03-25 07:46:08 by Tatarewicz
0 Comments
PressTV... A company in Sweden has come up with an innovative solution which both bypasses US sanctions and does away with the need for banks to process transactions with Iran. Brave New World Investments AB is reportedly accepting deposits in bitcoin which it converts to Iranian rial and invests in equities on the Tehran Stock Exchange (TSE). With some US sanctions against Iran still in place in spite of a nuclear agreement, major banks have been refusing to finance deals with Tehran out of fear of running afoul of opaque American laws. Brave New World has become the first known company in Europe to incorporate without a bank account and handled all the initial funding in bitcoin. The ...
Russia devises own SWIFT system
Post Date: 2017-03-24 07:33:11 by Tatarewicz
0 Comments
PressTV... Russia says it has devised an alternative to SWIFT global interbank money transfer service. Russia says it has devised an alternative to a global electronic money transfer mechanism which the United States has shown it would readily use to disrupt overseas financial transactions of countries which it sanctions for political disputes. Elvira Nabiullina, the governor of the Central Bank of Russia, was quoted by media as saying that Moscow was ready to use a substitute should the Society for Worldwide Interbank Financial Telecommunication (SWIFT) stopped processing cross-border money transfers for the country’s banks. "There were threats that we can be disconnected from ...
13 more states, including US ally Canada, join China's AIIB
Post Date: 2017-03-24 07:29:13 by Tatarewicz
0 Comments
PressTV... The Asian Infrastructure Investment Bank (AIIB) says it has approved 13 new applications to join it bringing the total membership of the bank which was initiated by China to 70. The Asian Infrastructure Investment Bank (AIIB) says it has approved 13 new applications to join it bringing the total membership of the bank which was initiated by China to 70. The Asian Infrastructure Investment Bank (AIIB) says it has approved 13 new applications to join it bringing the total membership of the bank which was initiated by China to 70. The AIIB announced in a statement posted on its website that it was the first time that it welcomed new members since its inception. The newcomers ...
America's changing retail sector
Post Date: 2017-03-24 06:02:20 by Tatarewicz
0 Comments
C2C... In the first half, financial analyst Mish Shedlock talked about the state of the economy. Regarding the possible bankruptcy of the corporate owner of Kmart and Sears, he commented that "vulture capitalists" came in and stripped out the company's assets and unleashed its debt causing the stock price to soar. They made huge amounts of money, he cited, but now the company is languishing again. Payless Shoes is also said to be moving toward filing for bankruptcy. A lot of retail purchasing has shifted to online outlets such as Amazon, and "I think the whole retail mall structure is in for an enormous shock," and along with that will come many lost jobs, he ...
Last days for Sears, Kmart, new era for Amazon.COM
Post Date: 2017-03-23 06:47:01 by HAPPY2BME-4UM
4 Comments
Continuing its downward spiral, Sears' shares tumbled more than 12 percent on Wednesday.Dan Celia, who serves with Financial Issues Stewardship Ministries, believes that Sears has hit the point of no return."It's impossible for them to survive at this point," Celia contends after Sears’ latest plunge in stocks. "When you see a company like Sears selling off the only real branded thing they have left – which was Craftsman tools a few months back – you know they've come to a conclusion they're in survival mode … and I think that's what we're seeing."The financial expert is confident that Sears will continue its operations for a ...
Johnson & Johnson CEO: China helping to set pace for healthcare innovation
Post Date: 2017-03-21 07:02:19 by Tatarewicz
0 Comments
(People's Daily Online) During his appearance at the China Development Forum on March 18, Johnson & Johnson CEO Alex Gorsky expressed marked optimism about both the future of healthcare in China and his own company’s role in it. In the roughly 35 years since Johnson & Johnson entered the Chinese market, the company has massively expanded its regional business. As Gorsky pointed out during a panel discussion at the forum, Johnson & Johnson now employees 10,000 people in China, and also launched its Asia Pacific Innovation Center in 2014, which is located in Shanghai with satellite centers in Singapore, Australia and Japan. In addition, Gorsky alluded to future plans ...
In First 2 Months in Office: Trump Reduced Debt by $100 Billion – Obama Increased Debt by $400 Billion
Post Date: 2017-03-19 18:50:36 by HAPPY2BME-4UM
7 Comments
In First 2 Months in Office: Trump Reduced Debt by $100 Billion – Obama Increased Debt by $400 Billion Jim Hoft Mar 19th, 2017 6:44 am Leave a Comment Guest post by Joe Hoft In First 2 Months in Office – Trump Reduces Debt by $100 Billion – Obama Increased Debt by $400 Billion – Half a Trillion Dollar Difference! On January 20th, the day of President Trump’s Inauguration, the US Debt stood at $19,947 billion. As of March 16th, the most recent date for US debt reporting, the US Debt stands at $19,846 billion. President Trump has cut the US Debt burden by over $100 billion and 0.5% in the first two months since his inauguration! By comparison, under ...
Trump voter who uses Meals on Wheels surprised by proposed cuts
Post Date: 2017-03-19 09:38:37 by HAPPY2BME-4UM
0 Comments
CBS News March 18, 2017One element of President Trump’s budget proposal could sharply reduce funding for Meals on Wheels, which delivers nearly a million meals a day to the sick and elderly.That’s where Meals on Wheels comes in: a critical lifeline for 2.4 million seniors, veterans and the disabled. A third of its $1.4 billion budget comes from the federal government, but proposed budget cuts are putting the 43-year-old program at risk.“We can’t spend money on programs just because they sound good… to take the federal money and give it to the states and say, ‘Look we want to give you money for programs that don’t work,’” White House budget ...
Chinese consortium provides 1.58 billion USD to finance oil shale project in Jordan
Post Date: 2017-03-17 06:04:37 by Tatarewicz
3 Comments
People'sDaily... AMMAN, March 16 (Xinhua) -- A consortium of several banks from China has provided 1.58 billion U.S. dollars and 15-year debt facility to support an oil shale power plant in Jordan, which will be the largest private sector project in the country. The debt facility has been lead arranged by Industrial and Commercial Bank of China, Bank of China, China Construction Bank and Exim Bank of China, according to a statement from the Attarat Power Company (APCO) for the financial close of the project. APCO said in the statement that work will start soon on the 554 megawatts project, which will be located at the Attarat um Ghudran oil shale deposit, about 100 km southeast of ...
Trump Nominates Another Goldman Banker For Key Treasury Position
Post Date: 2017-03-16 17:26:39 by Horse
0 Comments
n the latest creeping takeover by Goldman Sachs of the White House, overnight the White House announced that Donald Trump will nominate another Goldman Sachs banker, James Donovan, for a key financial post as deputy Treasury secretary, the White House said on Tuesday, adding another alumnus of the Wall Street investment bank to his administration. Donovan joins his former peers, Treasury Secretary Steven Mnuchin and chief Economic advisor, Gary Cohn, who are also former Goldman executives who occupy senior economic posts within the administration. Donovan's work at the bank as a managing director has included work on corporate strategy, investment banking and investment management, the ...
Student loan defaults skyrocket by 17 per cent as 4.2 million borrowers face financial disaster after pursuing a college degree
Post Date: 2017-03-15 17:59:12 by Horse
0 Comments
Study by Consumer Federation of America shows student loan default increase Americans in default on student loans jumped by nearly 17 per cent last year In 2016, 4.2M borrowers were in default and hadn't made a payment in 270 days By end of 2016, 42.4 million Americans owed $1.3 trillion in federal student loans Average amount owed per borrower rose to $30,650 in 2016 compared to $26,300 in 2013, data shows Millions of Americans are facing financial disaster in pursuit of an education as the cost to attend college increases and student loan defaults skyrocket. A new analysis of government data by the Consumer Federation of America (CFA) found that the number of Americans in ...
Boeing's first overseas factory to be built in China's Zhoushan
Post Date: 2017-03-13 04:42:35 by Tatarewicz
8 Comments
HANGZHOU, March 13 (Xinhua) -- Boeing and Chinese aviation manufacturer Commercial Aircraft Corporation of China Ltd.(COMAC) will start to build a Boeing 737 completion center in eastern China's Zhoushan city at the end of March, scheduled to make its first delivery in 2018. This is Boeing's first overseas facility as part of its 737 production system, and designed to deliver 100 Boeing 737 planes a year. In the joint-venture completion center, Boeing's 737 aircraft will be installed with flight entertainment systems and seats. The plant in Zhoushan, 287 km southeast of Shanghai, also provides services such as coating, repair and maintenance of Boeing aircraft. Boeing and ...
Investing in Russia: A Do-It-Yourself Primer
Post Date: 2017-03-13 02:25:25 by Tatarewicz
0 Comments
RI... Today Russia has largely delinked from the QE, fiat currency and debt spirals that are casting a shadow over much of the investing world, in many ways thanks to sanctions. In short, there is a lot of room on the upside in this Russian market for the long term, but as the New York Lotto ad says, “You gotta be in it to win it” The Russian market has proven itself stress resilient in the face of all the game changing geopolitical and economic events going on in this world The Russian market has proven itself stress resilient in the face of all the game changing geopolitical and economic events going on in this world Editor's Note: Over the last few weeks a multitude of ...
Latest [Newer] 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 [Older]