Category Archives: Finance

14Dec/17

High tech, high finance and high times for the pot industry

OAKLAND, CALIFORNIA, UNITED STATES (REUTERS) – Two years ago, Alan Gertner was head of Google’s Asia-Pacific sales team in Singapore, handling more than $100 million (USD) in business. Continue reading

21Nov/17

Tencent surpasses Facebook in market value

Tencent Holdings has racked up some impressive gains this week – becoming the first Chinese firm to be worth more than $500 billion and surpassing Facebook to be the world’s fifth-most valuable company. Grace Lee reports Continue reading

13Nov/17

Uber OKs SoftBank’s bid to buy stake

The peace deal struck by Uber’s board will allow Softbank to make an investment worth up to $10 billion, according to sources. Fred Katayama reports. Continue reading

13Nov/17

Think bitcoin’s getting expensive? Try Zimbabwe

With Zimbabwe under threat of cash shortages and hyperinflation, some are turning to highly-volatile cryptocurrencies like bitcoin as a safer haven for their money. Matthew Larotonda reports. Continue reading

08Nov/17

Apple breaks $900 bln market cap, leads Wall St to record highs

NEW YORK, NEW YORK, UNITED STATES (NOVEMBER 8, 2017) (NYSE) – Wall Street closed at a record high on Wednesday (November 8) as Apple’s AAPL.O market capitalization climbed above the $900 billion mark and videogame makers rallied. Continue reading

08Nov/17

Snapchat owner’s shares plunge

Snap’s shares tumbled after it disappointed with revenue and user growth. But the stock recovered slightly after Snap said China’s Tencent holds 12 pct stake. Roselle Chen reports. Continue reading

06Nov/17

Politicians and royalty exposed in Paradise Papers

A trove of leaked offshore investment documents, dubbed the ‘Paradise Papers’, exposes hidden banking activities of some of the world’s wealthiest people. Samantha Vadas reports. Continue reading

05Nov/17

Sprint and T-Mobile call off merger after months of talks

Sprint and T-Mobile said on Saturday they have called off merger talks to create a stronger U.S. wireless to rival to market leaders, leaving No. 4 provider Sprint to engineer a turnaround on its own. Jonah Green reports. Continue reading

24Oct/17

Swell by Ripple Brings the Future to Toronto

Last week, Ripple hosted Swell in Toronto which provided a forum for leaders in banking and blockchain to meet, network and hear from the likes of Dr. Ben Bernanke and Sir Tim Berners Lee. In case you missed the livestream, recorded sessions can be viewed here.

23Oct/17

Big money stays away from booming bitcoin

Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold this year to more than $170 billion. But as Kate King reports, mainstream institutional investors are steering clear, taking the view that it is too lightly regulated, too volatile and too illiquid to risk investing other people’s money in. Continue reading