Argentina is planning to issue $15-bilion bonds making it the largest sum by any developing nation since 1996. Country's new President Mauricio Macri-led government will use funds mobilized through bonds for repaying debts and supporting government spending.
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Tech Salaries Are More Than Double Average Pay in 2015 As The Industry Continues To Grow
Tech salaries are soaring higher, as last year it more than doubles the average pay in other sectors. It proves that the tech industry remains a major driving force in the U.S. economy with high income and massive job gains across the country.
Alphabet's Eric Schmidt Recruited by the Pentagon to Lead a Special Defense Board
Alphabet Executive Chairman Eric Schmidt has been appointed by the Pentagon to lead a special defense board. He will personally advise the agency on emerging tech brought familiar to him in Silicon Valley. Pentagon is reaching out to Silicon Valley as well as hackers to help improve the bureaucracy’s digital security.
Department of Energy's ARPA-E Program Announced a Total of $1.3 Billion in Grants in Five Years
During five years, the Department of Energy’s ARPA-E program has invested in hundreds of projects for a total of $1.3 billion. The agency is still pushing forward to improve its funding system to help more projects commercialize its technologies.
Arun Jaitley, Indian FM, Explains Disputed Tax Provisions On EPF Withdrawals, Hints For Partial Rollback
Indian Finance Minister has apparently faced the brunt of imposing tax on withdrawals from EPF. Ahead of widespread criticism, he has explained certain provisions in the proposed budget arguing in its favor. However, he has hinted for a partial rollback.
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Led by energy and banking stocks, equities on Wall Street surged after the latest data buoyed investor confidence. Crude oil price was nearing $35 per barrel. Wall Street is waiting for jobs data to be released on Friday.
According to a latest 'Beige Book' from US Federal Reserve, economic activity in some districts has been slowing down, while some recorded modest growth in labor market. The latest financial market crash also hit consumer spending severely in some areas.
Intending the erase the image of lavish supercar maker, McLaren has introduced its 570 GT model. The auto manufacturer has pledged to continue producing cheaper cars for broadening its arena in the UK automobile market. The car maker has adopted an expansion strategy involving £1 billion fund aiming to triple the yearly production.
A Google’s autonomous vehicle was involved in an accident with a public transit bus last month. That was the first accident ever caused by the vehicle’s software, leading Google to state its responsibility as the company aims to refine the car’s software.
The US Department of Labor has proposed a fiduciary rule which is believed to cause increase cost for brokerage business. The proposed rule is now being reviewed by the Office of Management and Budget. But fearing enactment of tougher rules, Metlife has announced on Monday selling its US adviser unit to MassMutual for $300 million.
Eroding revenue from bond trading and other core services, Morgan Stanley has changed its business focus towards asset management business. It has also focused on Latin America to procure investment in US businesses. To ensure the business hunting, the banking giant has planned for appointing 75 advisers for this region during this year.
An extreme high-altitude weather condition has caused SpaceX to abort its rocket launch mission for the fourth time. The team will continue to monitor weather condition, especially for Friday, where they plan to set another attempt.
The legal battle running for 13 years between hedge fund investor Paul Singer and Argentina is over as both the parties have reached to an agreement. Singer's Elliott Management will get $4.65 billion cash from the Argentina government as part of the deal.
Lamborghini is celebrating its founder’s 100th birth anniversary. To mark the day, the lavish car maker has unveiled a new Lamborghini Centanario supercar equipped with its signature V-12 engine. All the 40 production edition of the model has already been sold out which are scheduled to be manufactured within 2017.
