money

Chinese Cabinet Stops Foreign Acquisitions

Chinese Cabinet Stops Foreign Acquisitions

The Chinese government is all set to put a full stop to acquisitions outside the country by domestic businesses. The move is being touted as a means to ensure that Chinese businesses do not take on excessive debt. A document has been released by the..

More Finance Jobs May Be Created As a Result of Automation

More Finance Jobs May Be Created As a Result of Automation

There are serious concerns that automation will lead to millions losing their jobs. Countries and governments will have to implement procedures as well as contingency plans to deal with the outcome of automation. According to a recent report however..

Novo Reports Better than Expected Results

Novo Reports Better than Expected Results

Novo Nordisk AS (NYSE: NVO) posted better than expected results for the fiscal year. Shares were up over 8 percent after open on Thursday.The pharmaceutical company reported an 8 percent in operating profits in the first six months of the 2017...

Vantiv Acquired Worldpay for $10 billion

Vantiv Acquired Worldpay for $10 billion

Vantiv Inc. (NYSE: VNTV), a U.S. credit card company, has sealed a $10.4 billion merger with the biggest U.K. payment processing company, Worldpay Group. Vantiv announced its first interest in purchasing Worldpay back in July.Worldpay said that for ..

Dollar Rises with US Job Openings at Record High

Dollar Rises with US Job Openings at Record High

The dollar rose to a one-week high on Tuesday after the Labor Department reported that U.S. job openings have a reached a record high in June.The Labor Department said on Tuesday that job openings, a measure of labor demand, increased 461,000 to a s..

Short Sellers Continue to Complain About Stock Manipulations in Hong Kong

Short Sellers Continue to Complain About Stock Manipulations in Hong Kong

Stock manipulations in Hong Kong are on the rise, say, short sellers, who are determined to bring these to the light despite the many challenges they face in doing so. The number of complaints from their brethren against Chinese companies listed in ..

Bitcoin Cash Skyrockets After Split

Bitcoin Cash Skyrockets After Split

After the split of the cryptocurrency on Tuesday, Bitcoin Cash, the new digital currency, surged from around $214 to over nearly $750, rallying almost 200 percent, according to CNBC.The new crypto emerged from a split from Bitcoin after users demand..