The Shanghai Gold Exchange (SGE) has allowed using physical gold and other securities as collateral on futures contracts trading. The move is aimed at increasing volumes and attracting investors from other markets.
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GE marries software, analytics to conquer digital world
General Electric Co. puts together a digital unit to catapult itself to the top of the world of software. The unit will comprise of GE's Silicon Valley software center, its global IT and commercial software teams, and its industrial security operations.
Nintendo named Tatsumi Kimishima as the new president
Nintendo appointed Tatsumi Kimishima as its new president prior to Satoru Iwata's death last July. Beginning September 16, Kimishima will be in charge. After Iwata died two months ago, Nintendo had made an official statement appointing the new representative director and president, Tatsumi Kimishima, Wired reported.
Kuwait's Zain telecom giant dials in margin push investment
Kuwait telecom major Zain has decided to invest in technology firms that boost the weakening margins following the sluggish subscriber numbers and drop in revenues. As part of its investment strategy to boost margins, Zain will invest in two digital advertising companies. Zain is also focusing on smart city projects, online advertising, and television services.
Is Jeb Bush really anti-Wall Street?
Jeb Bush in his latest speech and in his article in The Wall Street Journal (WSJ) came down heavily on 'Carried interest' of the corporate big shots while maintaining focus on tax structure. As part of the tax reform plan, his aim to using capital gains tax rate is also raising many eyebrows. Market analysts forecast that the move would pinch Wall Street's wallet significantly.
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Vista Equity Partner is nearing to close a deal to buy a Texas-based company, Solera Holdings for $55.85 per share in cash. The total valuation of the deal including Solera's net debt is said to be worth $6.5 billion. The purchase price represents a 13 percent premium to the company's stock value.
Facebook CEO Mark Zuckerberg invited India's Prime Minister Shri Narendra Modi for a Q&A session on Facebook HQ in California. The event will be held on September 27, 9:30 am PST.
French-based plane manufacturer, Airbus Group will officially open its second single-aisle aircraft facility outside of Europe after China next Monday. The $600 million plant located in Mobile, Alabama is said to be the world's most efficient plant and is officially known as the Airbus U.S. Manufacturing Facility. The new facility is set to rival Boeing production in an effort by Airbus to grow their presence and grab more share of the $80 billion industry.
Surpassing analysts' projections, UK retailer Next Plc posted better than expected results for the first half of 2015. The pretax profit rose 7.1 percent to GBP347million ($533MN) for the first half. Retail profit margins grew 14.9 percent from 14.1 percent during the previous corresponding period. The strengthening British pound also helped Next Plc improve profit margins.
On Wednesday, McDonald's announced its plan to fully transition to cage-free eggs in the U.S. and Canada over the next 10 years. The all-time favorite fast-food restaurant will join the booming number of restaurants and food companies making the same commitment to meet consumer demand, reported by Chicago Tribune.
Switzerland is adding another factory for Nespresso, Europe's largest single-serve coffee brand. This is to manufacture capsules uniquely designed for the U.S. consumers where sales growth is bigger than its home continent according to Bloomberg.
Apple's collaboration with various tech companies to penetrate the once Windows-dominated IT industry proves that Apple is truly a key player in this enterprise.
The UK-based department store chain British Home Stores (BHS) has secured a loan from Grovepoint Capital. The latest loan amount is believed to be worth GBP 65 million.
A partnership between Boeing Co. and Lockheed Martin Corp. known as United Launch Alliance (ULA) has sealed a deal with Jeff Bezo's space company, Blue Origin. The new partnership agreement took place as Aerojet Rocketdyne Holdings was reported to have made an offer to buy the joint venture company for a reported amount of $2 billion cash.
