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Industry News

Facebook says Libra could use a series of cryptocurrencies pegged to different currencies

Facebook's David Marcus says Libra could use "a series of stablecoins" pegged to currencies like the dollar, the euro and sterling.

Source: Top News and Analysis (pro) | 21 Oct 2019 | 3:02 am

Abu Dhabi is investing hundreds of millions in tech start-ups from the Middle East

Mubadala, Abu Dhabi's state investor, announced Monday new MENA tech funds will invest $250 million in start-ups from the Middle East region.

Source: Top News and Analysis (pro) | 21 Oct 2019 | 2:32 am

Scandals like 1MDB unlikely to happen in Malaysia again, says central bank governor

1MDB has been at the center of one of the world's largest corruption and money laundering scandals, as billions of dollars went missing from the fund.

Source: Top News and Analysis (pro) | 21 Oct 2019 | 2:10 am

'Anger, frustration' and 'betrayal' in Northern Ireland after new Brexit deal

The wave of negative sentiment felt in Northern Ireland in the wake of Boris Johnson's revised Brexit deal cannot be "underestimated," a British lawmaker says.

Source: Top News and Analysis (pro) | 21 Oct 2019 | 2:07 am

China state media: NBA's Silver faces 'retribution' for saying Beijing wanted Rockets GM fired

"To cater to the taste of certain American politicians," CCTV claims, Silver "fabricated lies out of thin air" and portrayed China as unforgiving.

Source: Top News and Analysis (pro) | 21 Oct 2019 | 12:18 am

China's economic growth could fall below 6% in 2020, says the IMF

The fund, in its World Economic Outlook report, said the Chinese economy could grow at 5.8% next year — slower than the 6.1% forecast for 2019.

Source: Top News and Analysis (pro) | 20 Oct 2019 | 11:49 pm

Deal-making in Asia is set to slow until 2020 amid trade tensions and recession fears

Mergers and acquisitions activity in Asia Pacific could decline by 18% in 2019 to $634 billion amid global uncertainties, a joint report by Baker McKenzie and Oxford Economics predicts.

Source: Top News and Analysis (pro) | 20 Oct 2019 | 10:58 pm

China unexpectedly keeps benchmark lending rate unchanged in October

The one- and five-year Loan Prime Rates for October remained at 4.20% and 4.85%, respectively — unchanged from September.

Source: Top News and Analysis (pro) | 20 Oct 2019 | 10:19 pm

Robert Shiller: Recession likely years away due to bullish Trump effect

Yale economist Robert Shiller suggests the longer President Donald Trump stays in office, the better it is for the economy.

Source: Top News and Analysis (pro) | 20 Oct 2019 | 5:00 pm

Sterling falls after UK lawmakers delay key Brexit vote

The British pound slid against the dollar Monday morning during Asian hours.

Source: Top News and Analysis (pro) | 20 Oct 2019 | 3:14 pm

How to Watch Week 7 NFL Games Live Online for Free—Without Cable

Who's playing who in the NFL this week—and several different options for viewing the games.

Source: Fortune | 20 Oct 2019 | 2:54 pm

Boeing survey showed that employees felt pressure from managers on safety approvals

Federal investigators have received an internal Boeing report showing that employees felt pressure regarding safety approvals.

Source: Top News and Analysis (pro) | 20 Oct 2019 | 1:02 pm

Disney's 'Maleficent' sequel flops at domestic box office even as it takes top weekend spot

Studios estimated that the film starring Angelina Jolie grossed $36 million in North America. The first film had a much stronger domestic showing, opening to nearly $70 million domestically in 2014.

Source: Top News and Analysis (pro) | 20 Oct 2019 | 12:00 pm

Thousands of Volvo workers face layoffs as Mack Truck sees first strike in 35 years

The United Auto Workers and AB Volvo-owned Mack Truck are set to resume contract negotiations on Monday as at least 3,500 hourly employees across three states continue to strike.