Archive

Adobe Targets B2C, B2B Market With Acquisition Of Marketo

  Adobe Systems Incorporated (NASDAQ: ADBE), one of the world’s biggest tech companies and a pioneer in computerized document management, is getting ready to play a greater part in enterprise digital transformation by moving forward with its intended buyout of

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Solid GDP Data Sparks Relief Rally In Kiwi Dollar

  The New Zealand Dollar began rallying against the basket of currencies representing developed economies on Thursday after Statistics New Zealand reported an impressive economic expansion during the second quarter. The report contradicted the Reserve Bank of New Zealand’s (RBNZ)

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Japan’s Zaif Crypto Exchange Falls Prey To Hackers

  The cryptocurrency market continues to remain directionless. Both Bitcoin (BTC) and Ethereum (ETH) continue to stay above $6,200 and $200, respectively. However, we may see some sell off later today as there are reports of another big hacking incident

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Pound Slides After May Rejects EU’s Plan On Ireland

  Better-than-anticipated inflation data propelled the Sterling earlier yesterday. A Times report indicating Britain Prime Minister, Theresa May’s, rejection of EU’s improved offer to resolve the Irish border issue weakened the Sterling, however. On the contrary, the rising tensions between

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Canadian Dollar Rallies On Hopes of Closing NAFTA Deal

  Business and political leaders are placing increasing pressure on the Canadian Prime Minister, Justin Trudeau, to agree on an arrangement to renew NAFTA and to refrain from saying that no deal is better than a bad one. With negotiations

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Visa, MasterCard Reaches $6.20bln. Settlement With Dealers

  Visa Inc. (NYSE: V) and MasterCard (NYSE: MA), along with some of the top US banks agreed to pay up to $6.2 billion in a class action lawsuit with US dealers about Swipe fees yesterday. The settlement terminates a13-year-old

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IBM To Launch ‘Yellow Pages’ Equivalent For Crypto Sector

  The cryptocurrency market continues to remain weak, with Ethereum (ETH) and Bitcoin (BTC), the top two cryptos by market cap, struggling to stay above $200 and $6,000, respectively. All top altcoins, including EOS (EOS), Litecoin (LTC), Monero (XMR), Bitcoin

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Trump Imposes $200bln. Worth Of Tariffs On Chinese Imports

  The US dollar strengthened against the basket of currencies representing developed economies as President Trump announced a new wave of tariffs on China, which has convened a high-level meeting headed by Xi Jinping in Beijing today. Beijing is expected

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Argentina Heading For Recession, Peso Hits New Low

  Despite the efforts of Argentinian President Mauricio Macri to encourage possible investors, Argentina’s struggling currency reached a threshold of over 40 to the dollar amid a decline in investor confidence. The Latin America’s no.3 economy is fighting desperately to

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Allergan Buys Medical Aesthetics Firm Bonti for $195mln

  Dublin-based Allergan Plc (NYSE:AGN) is acquiring Newport Beach, California-based Bonti with an upfront payment of $195 million. In other related news, the company announced that revenue from its medical aesthetics business could double by 2025, even as it faces

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