Billionaire Founder and CEO of Fosun International Liang Xinjun steps down

Billionaire Founder and CEO of Fosun International Liang Xinjun steps down

By Carrie Ann - Mar 29, 2017

Fosun International is one of the most aggressively acquisitive conglomerates of China. Liang Xinjun and four other people founded this China investment firm in 1992. Xinjun was ap

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SolarisBank to Spread out its Branches in Asia with $28 Billion Funding

SolarisBank to Spread out its Branches in Asia with $28 Billion Funding

By Carrie Ann - Mar 15, 2017

SolarisBank has confirmed the news on Monday of receiving $28 billion worth funding from a number of investors. This is a digital banking platform venture which was founded in Germ

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Apple files Appeal due to the $14 Billion Irish Tax Bill incident

Apple files Appeal due to the $14 Billion Irish Tax Bill incident

By Carrie Ann - Feb 22, 2017

Apple Inc. recently received an Irish tax bill worth $14 billion in relation to its supposedly illegal activities in the country. In answer to this, the tech giant has filed a 14-p

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Finland’s Basic Income Experiment Hopes to Reduce Poverty

Finland’s Basic Income Experiment Hopes to Reduce Poverty

By Carrie Ann - Jan 03, 2017

The problem of poverty is a global issue to worry about. Countries are concerned about the increasing income disparity among its citizens. Due to the rise of population as well as

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Sweden’s Riksbank Plans to Introduce World’s First National Digital Currency

Sweden’s Riksbank Plans to Introduce World’s First National Digital Currency

By Carrie Ann - Nov 16, 2016

Sweden is planning to become the first country in the world that will have national digital currency. The central bank of Sweden which is known as Riksbank is working on this proje

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HSBC Profits Fall 86% after Disposal of Brazil Operations

HSBC Profits Fall 86% after Disposal of Brazil Operations

By Anna Domanska - Nov 07, 2016

HSBC Q3 earnings recorded a $1.7billion loss from the sale of its operations in Brazil. HSBC profits (pre-tax) slumped by 86 percent at $10.6 billion, compared with $19.7 billion a

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Wall Street Aims to Use Artificial Intelligence to Avoid Cons

Wall Street Aims to Use Artificial Intelligence to Avoid Cons

By Carrie Ann - Oct 26, 2016

It is a known phenomenon that the use of artificial intelligence is on the rise in various sectors of life. Latest news suggests that this technology will be adapted in Wall Street

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The Ten Biggest IPOs In History

The Ten Biggest IPOs In History

By Anna Domanska - Jul 15, 2016

Worldwide, Japanese messaging company Line is the biggest IPO of a tech company since First Data which went public in October 2015 in a $2.8 billion deal. Line has 200 million acti

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From BUST to BOOM: The Collapse of the Italian Banking System

From BUST to BOOM: The Collapse of the Italian Banking System

By Carrie Ann - Jul 11, 2016

The eyes of the world are on the unfolding Eurozone crisis that seems more catastrophic than the 2008 Great Recession. In a research note titled “Close to the edge”, economists

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