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Crypto Mining Demand Drives Investors Of TSMC To Propel Its Shares To Record High

There has been growing global demand for powerful semiconductors that are put to use for mining of cryptocurrencies and this trend has driven the results of Taiwan Semiconductor Manufacturing Co. (TMSC) and prompted the company to report its quarterly results ahead of expectations. This resulted in...

Criminal Complaint Against Apple Over iPhone Slowdown Filed By South Korea Consumer Group

Following court cases in to the alleged issue against Apple Inc. of intentional slowing down of iPhone after downloading of a software in Europe, the company is facing a criminal complaint in South Korea.   This time the Apple Inc CEO Tim Cook is the target of the criminal contempt filed by...

One-Time Hit Of $22 Billion On U.S. Tax Change Booked By Citi As It Tops Profit Estimates

The lower trading revenues of Citigroup Inc was offset by solid gains in Asia and Latin America as the lender beat Wall Street expectations off profits in its global consumer banking business, the company announced on Tuesday.   There was a rise of 2.8 per cent in the shares of the company...

Cheap Loans Being Attempted To Be Raised By Saudi Aramco Before Its IPO: Reuters

Banks seeking to strengthen their relationship with Saudi Aramco are considering doling out cheap loans worth billions of dollars, before the oil giant’s stock listing, according to a report by news agency Reuters, citing sources from the banking industry and export credit agency (ECA) sources....

GM Chief Promises On Profit From Electric Cars By 2021 Driven By Low Cost Innovative Batteries

It would be by 2021 that General Motors Co would begin making profits from the sale of electric cars, said the company Chief Executive Mary Barra in what is being described as a bold promise to investors.   But how that would be achieved has not been described by Barra. And this is critical...

London To Be Post Brexit Headquarter For This Spanish Bank

A bet that London would continue to retain its position as the center piece in the European financial market even after Brexit is being placed by Spain’s Alantra Partners SA. And this is the reason that the Spanish bank is contemplating the moving of its present global headquarters from Madrid...

With Fuel Efficiency At Focus, Diesel Version Of Pickup Truck To Be Launched Soon By Ford

The race for creating more efficient pickup trucks among automakers is getting hotter as Ford Motor Co intends to gain some marketing edge over rivals in this segment and plans to unveil and launch a diesel engine version for its best-selling F-150 pickup truck in the spring.   The F-150...

Chip Security Flaws Could Affects All Macs, iPhones And iPads, Says Apple

While stressing that there had been no reports of any known hacking or even attempts to do so, iPhone manufacturer Apple Inc. has said that the chip security bug that was detected and revealed earlier this week, have the potential of affecting all of its Mac computers and iOS devices such as the...

‘Most Powerful Rocket In The World’ To Be Launched By SpaceX This Month Carrying A Tesla Car

The biggest rocket launched so far is going to be sent to space by SpaceX.   The rocket has been named the Falcon Heavy and would be launched by end of the month. This was announced by the Chief Executive of the company Elon Musk through social media earlier this week.   The...

Saudi Arabia Oil Giant Aramco Transformed Into A Joint-Stock Company As A Requirement For Its IPO Listing

The national oil giant Aramco of Saudi Arabia has been turned into a joint-stock company from first January this year. This is being viewed as a crucial measure for the company set to make initial public offerings (IPO) sometime later t his year.     Saudi Arabia wants to amass money to...

One Third Of Share Of Ex-Uber CEO Kalanick To Be Sold For $1.4 Billion: Media Reports

Travis Kalanick, who is the co-founder of the ride hailing company Uber and who was removed from his position as chief executive in June last year, is reported to be selling off at least two thirds of his share in the ride hailing company.   According to media reports quoting sources with...

Metal Tiger In Talks With Thai Government For Restart Of Kingsgate’s Gold Mine There, Elaborates On Its Thai Plans

Talks between the Thai government and some other possible backers and the London-listed Metal Tiger has started, the company said, even as it fights on with its dispute with Australian gold miner Kingsgate Consolidated before a shareholder meeting early next year in Sydney.   The...
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