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Ant Financial Hong Kong venture releases Blockchain service, Jack Ma raises concern

Ant Financial Hong Kong venture releases Blockchain service, Jack Ma raises concern

AlipayHK, a Hong Kong-based joint venture owned by China financial technology firm Ant Financial (ANTFIN.UL) and conglomerate CK Hutchinison Holdings, launched a cash remittance service powered by blockchain, between Hong Kong and the Philippines.Ho..

Nikola Motors sues Tesla for $2 billion for alleged patent infringement

Nikola Motors sues Tesla for $2 billion for alleged patent infringement

Nikola Motor Co. filed a lawsuit on Tuesday against Tesla Inc. (NASDAQ: TSLA) alleging design patent infringements. Nikola is seeking approximately $2 billion in damages.Nikola said in court filings that Tesla’s electric Semi is “substan..

The Coca-Cola Co Launching the First Alcoholic Drink

The Coca-Cola Co Launching the First Alcoholic Drink

The Coca-Cola Co (NYSE: KO) announced that it is launching the first alcoholic drink in its history with a canned liquor product in Japan. The country is one of the company's most competitive and fast changing markets. It says it launches about ..

Dow Opens Stronger Lifted by Korea Talks; Tariff Oppositions

Dow Opens Stronger Lifted by Korea Talks; Tariff Oppositions

U.S. stocks opened higher on Tuesday for the third consecutive day, lifted by talks between North and South Korea and the increasing amount of those opposing U.S. President Donald Trump’s steel tariff.The Dow Jones Industrial Average opened up..

Coca-Cola Reported Better than Expected Profit

Coca-Cola Reported Better than Expected Profit

Coca-Cola Co. (NYSE: KO) on Friday announced fourth quarter earnings that beat analysts estimate, driven by strong sales of sports drinks and water.The company posted adjusted earnings of 39 cents, 1 cent higher than analysts’ estimates, ..

Xerox to Merge with Fuji Xerox in Joint Venture

Xerox to Merge with Fuji Xerox in Joint Venture

On Wednesday, FUJIFILM Holdings Corporation and Xerox Corporation (NYSE: XRX) announced that Xerox will merge with Fuji Xerox in joint venture.Fuji Xerox joint venture was a joint venture partnership between the two companies. Established in 1962, t..

Crypto Crackdown Grows as South Koreans Officials Accused of Insider Trading

Crypto Crackdown Grows as South Koreans Officials Accused of Insider Trading

Several officials rom South Korea’s Financial Supervisory Service or the FSS has reportedly been accused of insider trading prior to the government announcing its newest policy on cryptocurrency crackdown, reported by JoongAng Ilbo."There..