Topics Archive

S&P 500 Reclassifies Technology Sector

The impending reclassification of S&P 500 sectors will cause upheaval among tech companies like Facebook and Alphabet, and impact investor portfolios. S&P Dow Jones Indices is reclassifying…

Big 4 Under Global Pressure

The Big Four Accounting firms - Deloitte, KPMG, Ernst and Young, and Pricewaterhouse Coopers - are increasingly under pressure to split off their audit business from their other business lines amid…

Jack Ma to step down as Alibaba CEO

Daniel Zhang will replace founder Jack Ma as chairman of Alibaba in September 2019, adding the role to his job as chief executive of China’s most valuable company. Second to only China’s Premier Xi…

Amazon pips US$ 1 Trillion

Amazon has briefly become the second US-listed firm to have a market value of more than $1 trillion (£779bn). Bezos is now worth over $165 billion, ahead of Bill Gates, whose wealth is at just over $…

Google Tez is now Google Pay

Google is upping its game in the race for India's fast-growing digital payments market. Tez is a mobile payments service by Google, targeted at users in India. It operates atop the Unified Payments…

Toyota to invest in Uber

Japanese carmaker Toyota has said it's pumping a half-billion dollars into US ride-hailing company Uber to develop self-driving vehicles. The investment will help both sides compete with market…

Tesla stays public

Tesla has clarified that is not going private. Tesla was founded in 2008 by a group of engineers and builds both all-electric vehicles and scalable clean energy generation and storage products. Tesla…

Tesla: Going private is the best

Tesla boss Elon Musk is considering taking the electric-car firm private, a move he believed was the "best path forward" for the company. If Tesla were taken private, it would be one of the largest…

Indra Nooyi steps down

PepsiCo Inc announced on Monday that Indra Nooyi would step down as CEO in October after a 12-year long tenure. The company has confirmed that the current President Ramon Laguarta will take the role…

Stock Market: China dethroned

China lost its ranking as the world’s number two stock market to Japan. After a slump this week, Chinese equities were worth $6.09 trillion compared to $6.17 trillion in Japan. The history of China'…

Apple moves closer to $1tn mark

Apple shares hit a record on Wednesday, pushing the market value of the tech giant closer to the $1 trillion mark. Apple Inc. is an American multinational technology company headquartered in…

Asian Stocks Subdued

Asian stocks struggled to gain traction on Friday, following a mixed end to Wall Street trade. The worsening Sino-U.S. trade dispute kept investors in the region cautious, despite signs of…

Cobalt the New Blue Gold?

There has been growing interest in cobalt with its demand far surpassing supply as critical elements in batteries powering mobile phones, laptops, and even electric vehicles. Companies in the US are…

Facebook’s Stocks Fall Amid Precautionary Measures

Facebook has taken down a number of pages operated by a right-wing Brazilian activist group Wednesday, cracking down on the spread of misinformation. The company’s stock prices have subsequently..

China backs interbank collateral

The Chinese government on Friday said that it will soon allow borrowers to use offshore foreign currency bonds as collateral for interbank loans. This is a step further towards liberalizing the…

Steel Scandal Rocks Japan

Kobe Steel has been accused of violating Japan's competition law after the firm admitted it had fabricated the strength and quality data of products sold to hundreds of clients. Japan is a sovereign…

EU Hits Google with Massive Fine

The European Commission has hit Google with a multibillion fine on Wednesday over allegations that it pushed its apps on smartphone users and thwarted competitors. The penalty comes amid wider…

Singapore’s future : Good, not great

Oxford analysts in a report said that Singapore’s future looks “good, not great” with its continued manufacturing reliance. While emerging Asian cities will boom on the service sector’s pick up. The…

China: biggest air travel market

A report released in the Farnborough Airshow estimated Boeing’s sales forecast. The report ‘s upbeat forecast underlined the importance of China to the aircraft industry as one in four of Boeing's…

Microsoft and Walmart Collaborate

Walmart and Microsoft have partnered up Tuesday for a wider use of cloud and artificial intelligence (AI) technology to improve online shopping experience. Microsoft Corporation is an American…