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Knowledge Update

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.

China approves 12 new IPO applications

Beijing , Feb 11 (IANS The China Securities Regulatory Commission (CSRC) has approved 12 IPO applications.

The 12 firms will be allowed to raise a maximum of 7 billion yuan (1.03 billion $US), a Xinhua news agency quoted a CSRC statement on Saturday.

Mexico sets highest benchmark interest rate

Mexico City, Feb 10 (IANS) Mexico's central bank raised the benchmark interest rate to 6.25 per cent, the highest since April 2009, to curb inflation, the media reported.

Inflation began to rise in October to close 2016 at 3.36 per cent, and rose to 4.72 per cent in January, Xinhua news agency reported.

IMF chief calls for greater data transparency

Washington, Feb 9 (IANS) International Monetary Fund (IMF) chief Christine Lagarde said that greater data transparency could help increase the resiliency of the economy.

"Greater data transparency -- promoted through the IMF data standard initiatives-leads to a 15 percent reduction in the spreads on emerging market sovereign bonds," Lagarde

US Fed leaves rates unchanged in January meeting

Washington, Feb 2 (IANS) US Federal Reserve on Wednesday left the benchmark interest rates unchanged and offered no hint on when it might move.

The central bank painted a relatively upbeat picture for the economy. "Labour market continued to strengthen and... economic activity has continued to expand at a moderate

Facebook's net income soars 177% in 2016

Los Angeles, Feb 2 (IANS) Facebook reported net income of $10.2 billion in 2016, up 177 per cent from the previous year's total of $3.7 billion.

The online social media giant headed by Mark Zuckerberg, whose businesses include its signature social networking service and apps such as Messenger, Instagram and

Nintendo net profits rise to over $900 mn

Tokyo, Jan 31 (IANS) Japanese videogaming giant Nintendo on Tuesday said it made a net profit of 102.96 billion yen ($900 million) from April to December 2016 mainly due to the augmented reality game "Pokemon GO".

After Paytm, Alibaba's financial arm enters US with MoneyGram

​Beijing, Jan 27 (IANS) In a bid to expand online payment business in the US after a successful run in India with Paytm, Chinese e-commerce giant Alibaba's digital payments arm Ant Financial has bought global money-transfer service MoneyGram for nearly $880 million.

Japan's consumer prices decline first time in four years

​Tokyo, Jan 27 (IANS) Japan's consumer prices dropped for the first time in four years in 2016 by 0.3 per cent from a year earlier, the government said on Friday.

It shows the country is still grappling with deflationary pressure despite the Bank of Japan (BOJ)'s numerous monetary easing measures, Xinhua news agency cited the Ministry

Shares of Japanese auto firms fall after US's TPP exit

​Tokyo, Jan 24 (IANS) Shares of Japanese automobile firms fell at the Tokyo Stock Exchange on Tuesday after the US exited from the Trans Pacific Partnership (TPP) deal, the media reported.