Bitcoin digital currency hits three-year high of $1,000

Digital currency Bitcoin has seen its value top $1,000 (£815) for the first time in three years after it ended as the best-performing currency of 2016. It traded as high as $1,029 on Tuesday, according to CoinDesk data. Analysts are attributing its jump to increased demand from China, which is where most Bitcoin trading takes place. Bitcoin relies More...

by subhadip | Published 3 months ago
By subhadip On Thursday, January 5th, 2017
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UK construction sector sees strong growth

The UK’s construction sector ended 2016 well, expanding at the fastest pace for nine months in December, according to a closely watched survey. The Markit/CIPS purchasing managers’ index (PMI) rose More...

By subhadip On Thursday, January 5th, 2017
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Sports Direct chairman survives shareholder revolt

Sports Direct chairman Keith Hellawell has survived a revolt by independent shareholders to remain in his post. Although almost 54% of independent shareholders voted against his re-appointment, Mr Hellawell was More...

By subhadip On Tuesday, January 3rd, 2017
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Ford Motors cancels $1.6bn Mexico plant

Ford has said it will cancel a $1.6bn (£1.3bn) plant it planned to build in Mexico and instead extend operations at its factory in Michigan. The US car giant will spend $700m on expanding the plant at Flat Rock. Ford More...

By subhadip On Monday, December 12th, 2016
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IT spending by banks, securities companies to hit $7.8 bn

IT spending by banking and securities firms in India is estimated to touch USD 7.8 billion in 2017, an 8.6 per cent jump from 2016, technology research firm Gartner on Thursday said. “The banking and securities More...

By subhadip On Monday, December 12th, 2016
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Nasscom cuts IT export growth forecast to 8-10 pc for 2016-17

Software association Nasscom today lowered IT export growth target to 8-10 per cent for 2016-17 amid global macroeconomic headwinds and the fallout of Britain’s exit from the European Union. At the start More...

By subhadip On Monday, December 12th, 2016
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Centerview Capital ‘eyeing Ferrara Candy’

Conyers Park Acquisition, a listed affiliate of Centerview Capital headed by former Hershey CEO David West, is reportedly closing in on a deal to acquire US confectionery group Ferrara Candy Co. According to the More...

By subhadip On Thursday, December 8th, 2016
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US consumer spending, income increase in October

U.S. consumer spending increased less than expected in October as households took advantage of rising incomes to boost savings to a seven-month high, but remained sufficiently strong to support economic growth More...

By subhadip On Thursday, December 8th, 2016
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McDonald’s to move non-US tax base to UK

McDonald’s is to move its non-US tax base from Luxembourg to the UK, the company has said. The new holding company will pay UK tax on the royalties the firm receives outside the US. McDonald’s said More...

By subhadip On Monday, December 5th, 2016
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Activision Puts Some “Umph in Your Wump” with the Crash Bandicoot® N. Sane Trilogy, Coming in 2017!

Your favorite marsupial Crash Bandicoot® is back! He’s enhanced, entranced and ready-to-dance in the Crash Bandicoot® N. Sane Trilogy, slated for release in 2017 and available for pre-order now from Activision More...