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Knowledge Update

Samsung Pay debuts in India

New Delhi, March 22 (IANS) Joining the 'go digital' bandwagon, South Korean giant Samsung on Wednesday launched Samsung Pay, the company's flagship mobile payments service, in India.

Apple shares up before 'expected' products launch

San Francisco, March 21 (IANS) Driven by a series of rumoured new products launch this week, Apple shares on Monday surged one per cent to hit an all-time high of $141.46.

According to media reports, Apple is expected to unveil the new iPad Pro lineup, a larger iPhone SE model with 128GB storage and new Apple Watch bands this week.

World Bank urges more funds for reading skills

Dubai, March 18 (IANS) Manager Education Sector at the World Bank group Harry Patrinos said on Saturday that globally more money has to be invested into primary school education with a focus on reading skills.

Chinese investors pledge $8.3 bn investment in Nepal

​Kathmandu, March 4 (IANS) Nepal Investment Summit, the biggest investment summit in Nepal, has garnered nearly $13.51 billion (around NRs 1,446 billion) in foreign investment commitment, with northern neighbour China leading the pack of investment from six countries.

After-hours trading may boost investor sentiment: Study

​New York, Feb 27 (IANS) Paying attention to overnight returns -- between the time the stock market closes and re-opens the next day -- may help investors develop profitable trading strategies, according to a new study.

RBS reports $8 billion loss

​London, Feb 24 (IANS) Royal Bank of Scotland on Friday reported losses of 7 billion pounds sterling ($8 billion) for 2016, taking its overall losses since its 2008 government bailout to over 58 billion pounds.

Not devaluing yuan to boost exports: China

Beijing, Feb 24 (IANS) China on Friday said it has no intention of devaluing the yuan to boost exports, and expressed readiness to coordinate its economic and trade policies with the US.

HSBC's 2016 revenues fall 89.67%

London, Feb 21 (IANS) HSBC announced on Tuesday a fall of 89.67 per cent in net profit for 2016, amounting to $1.3 billion, a statement said.

Its pre-tax profit was down by 62.3 per cent to $7,122 million, the company added in the statement, Efe news reported.

Hong Kong Disneyland again reports loss

Hong Kong, Feb 20 (IANS) Hong Kong Disneyland has announced a loss for 2016, its second loss-making year in a row, losing $22 million, official results showed on Monday.

Visitor numbers at the Lantau Island park dropped more than 10 per cent to 6.1 million last year according to the results.

CEO Jack Dorsey buys $7 mn in Twitter stock

New York, Feb 15 (IANS) Days after Twitter revealed its fourth-quarter earnings that missed company's revenue estimates, CEO Jack Dorsey has bought $7 million worth of Twitter stock, media reports said.