Bypassing banks or venture capital firms as intermediaries and are outside the reach of financial regulators are a small, but rapidly growing number of digital technology start-ups which are raising cash by creating and selling their own currencies in offerings.   On hopes that such "initial...

Some functions of Japanese financial institutions would be moved from London within six months if they are not given clarity on the UK's future relationship with the EU, they have warned.   The media quoted two people with knowledge of the issues saying that their position at a “frank”...

As the country's third-largest lender pushes ahead with a private rescue plan that is widely expected to fail, Italy's government is ready to pump 15 billion euros into Monte dei Paschi di Siena and other ailing banks, the media reported.   A potential wider banking and political...

Offsetting the impact of volatile currency and commodity markets and as a stronger global economic growth buoys demand for the industry, Japanese automaker Nissan Motor Co’s Chief Executive, Carlos Ghosn, said that the company will post record sales in 2017.   He was confident U.S. trade...

As it steps up its challenge to Netflix, Amazon.com announced on Wednesday that its Amazon Prime Video, the e-commerce giant's streaming service, has expanded to 200 countries.   In territories where it is available such as France and Italy, current customers of Prime are given the...

The time when China was seen as the world’s biggest business opportunities by a lot of American companies may be over.   Following Yum Brands’ ' decision to do something similar and spin off its China operations into a new firm called Yum China last month, this...

Eschewing the market's expectation for a cut as the new demonetization policy continues to play out, India's central bank stood pat on interest rates.   As India has faced a cash crunch, the view that the Reserve Bank of India (RBI) would keep its main policy rate unchanged at 6.25 percent...

A new wave of dealmaking in a pharmaceutical industry seeking to buy its way into growth could be spurred by U.S. President-elect Donald Trump's plan to incentivize U.S. companies to repatriate their swelling overseas cash piles.   Rather than bring it home at a 35-percent tax rate, big U.S....

Driven by Advances in battery technology and the growth of autonomous driving and ride sharing - suited to electric vehicles, many carmakers are predicting a significant shift to electric vehicles in the next decade.   But up to 2040, electricity will play only a bit part in transport,...

After OPEC agreed to cut crude output to clear a glut, oil swept to a six-week high on Thursday, lifting energy shares in its slipstream. On the other hand, on prospects that resulting inflationary pressures will lead to higher interest rates, there was a rise in bond yields.   On Wednesday,...

With Saudi Arabia accepting "a big hit" on its production and agreeing to arch-rival Iran freezing output at pre-sanctions levels, OPEC has agreed its first limit on oil output since 2008, sources in the producer group were quoted by the media as saying.   After Riyadh signaled it had...