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Sarbec Cosmetics (Corine de Farme) : « Health and beauty products are not regular products»

If the French remain a reference in the world of cosmetics, it is because their secrets are well-kept. Among the most successful companies abroad, Sarbec Cosmetics, the first French independent and family-based group of cosmetics, has managed to get in the game thanks to its brand Corine de Farme....

Industry Push Back Forced Stalling of Money Laundering Rule on Prepaid Cards

A loophole in the banking system that authorities said allows drug cartels to move bulk cash across borders on gift and other prepaid cards, was tried to be plugged in 2011 by the U.S. Treasury Department amid a crackdown on international money laundering.   Money stored on these cards count...

Bitcoin Confiscated from Various Cases Worth $1.6 million to be Auctioned by U.S. Federal Agency

2,700 bitcoins that were forfeited during several cases would be auctioned by the U.S. very soon according to an announcement of a U.S. government agency. Investigations of the online black market known as Silk Road was the source of many of the bitcoins the agency said.   The potential...

With an Eye on Deficit, Attracting Chinese Business Pits France against its European Neighbors

A European Union (EU)-wide battle for business and finance from China has seen France to be in the forefront. Chinese interest in French aerospace, alcohol, cosmetics and luxury goods is growing even though it has been a little slower than Germany and the U.K. to ratchet up trade with Beijing....

Bitfinex Exchange in Hong Kong Looses Bitcoin Worth $72 million

Rattling the global bitcoin community in the second-biggest security breach ever of a bitcoin exchange, nearly 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong.   Bitfinex is known in the digital currency...

U.S. Auto Boom to End Soon says Ford while Rivals Bet Otherwise

The stocks of Ford Motors and those of its rival auto companies tumbled after the US auto maker declared that the U.S. auto industry's long recovery is at an end.   "The growth is over," Ford Chief Financial Officer Robert Shanks told Reuters in an interview. From the record of 17.47 million...

Space in the Operating Room to be Taken Over By New Crop of Robots

Surgical robots are poised for big gains in operating rooms around the world even though many doctors see need for improvement.   With surgeons sitting at computer consoles guiding mechanical arms, one in three U.S. surgeries is expected to be performed with robotic systems within five years...

Potential Brexit Costs being Faced yup by S&P 500 Companies

U.S. companies are broadly conceding that the so-called "Brexit" could weigh on profits as they face investors in their first earnings reporting season since Great Britain voted to leave the European Union.   Though it is too soon to tell how deep it may be or when it will come, a hit is...

Cyber Insurance to Become Like Fire Insurance for Industry in 21st Century, says Allianz

Insurer Allianz is of the view that demand for cyber insurance in Europe would accelerate due to a duty to protect data more stringently and the growing threat of hacking.   The insurer launched its first product aimed at Germany's small-to-medium-sized manufacturers when it made this...

Tesla CEO Musk’s Tweet Hints at Top Secret Masterplan

Following an embattled several weeks for the Silicon Valley heavyweight, part two of his "top secret Tesla masterplan" would soo be published by Tesla Motors Inc CEO Elon Musk who tweeted to this effect on Sunday this week.   Apart from the fact that there are ongoing questions being raised...

Marijuana Legalization Viewed as a Pot of Gold by California Businessmen

Political operative and father of four Daniel Conway has already staked his future on the legalization of recreational marijuana in California even though there is no guarantee that California will vote to legalize it in November.   According to a recent Reuters report, Conway is helping to...

JPMorgan, Citi, HSBC Reportedly Tapped by Saudi Arabia on Dollar Bond

To make arrangements for the first international bond sale, Saudi Arabia appointed JPMorgan Chase & Co., HSBC Holdings Plc and Citigroup Inc., says several media sources quoting people with knowledge of the matter.   According to the people, who asked not to be identified as the...
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