Tag: Business
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US SEC poised to allow stock token trading in potential market shakeup
NEW YORK, June 17 : U.S. equity markets face a potential shakeup as the Securities and Exchange Commission readies a new policy that would allow crypto companies to offer blockchain-based stocks, analysts and lawyers said.The crypto industry says tokenized stocks — blockchain-based instruments that track tr
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CNBC to simulcast 11 WNBA games this season
The simulcasts will expose the WNBA to an affluent audience on CNBC and marks a new chapter for the business news network after it spun out from Comcast.
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Telegram challenging Indian government order that temporarily blocks its use
NEW DELHI, June 17 : Messaging app Telegram has filed a petition in a New Delhi court challenging an Indian government order that has temporarily blocked use of the platform in an effort to prevent exam fraud, a legal news website reported on Wednesday.The extraordinary order blocking the app came into eff
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Publicis chief urges France, Germany to lead European AI fund
PARIS, June 17 : Publicis chairman Maurice Lévy on Wednesday called on France and Germany to lead a pan-European artificial intelligence fund, saying the bloc’s companies were too exposed to U.S. providers that could cut access to advanced AI models without warning.Speaking at VivaTech in Paris, Lévy said E
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UK regulator sets out new rules on Google Search to boost competition
LONDON, June 17 : Britain’s competition watchdog ordered Google to provide greater transparency on how its search rankings work, part of new requirements aimed at securing “a fairer deal” for businesses and improving the U.S. tech giant’s services in the country. The first requires Google to improve transpar
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Italy’s Engineering sells two units to Accenture
June 17 : Italian digital transformation group Engineering said on Wednesday it would sell units Alfahealth and Industries eXcellence to global tech consulting company Accenture.• No value for the transaction was disclosed.• Alfahealth and Industries eXcellence respectively offer digital solutions
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Japan’s May crude import price hits record high in yen terms amid Mideast war
TOKYO, June 17 : Japan’s crude oil import price hit a record high in yen terms in May, surpassing April levels, Ministry of Finance data showed on Wednesday, driven by a surge in crude prices resulting from supply disruptions caused by the closure of the Strait of Hormuz.• The customs-cleared import price r
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Japan moves toward first-ever consumption tax cut, adds to fiscal strain
TOKYO, June 17 : Japan is moving toward temporarily cutting its consumption tax on food to 1 per cent in what would be the first effective reduction of its kind, further straining its already worsening finances. The proposal, presented by a senior executive of the ruling Liberal Democratic Party (LDP) to a ke
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Analysis:BOJ deputy’s brief moment at the helm reveals deeper inflation anxiety
TOKYO, June 17 : When the Bank of Japan’s second-in-charge stepped in for his sick boss at this week’s historic policy meeting, he delivered a surprisingly blunt message: The bank was in danger of falling behind the curve on inflation.Deputy Governor Shinichi Uchida, a career central banker seen as among pros
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China securities regulator warns against speculating on ‘tech hype’ and using AI for stock picking
China’s top securities regulator warned that authorities will crack down on market behavior that rides the coattails of technology themes to hype stock prices.
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