FOR the last century, new communications technologies - radio, television, VCRs, the Internet - have all been initially sold as something that will help with education, and have actually been used for entertainment. We suggest a corollary for new financial technology - it's initially sold as something...
REUTERS: NASA's flagship space launch system being built by Boeing is taking years longer than expected with cost overruns of nearly US$2 billion, an audit found on Wednesday, raising questions about meeting a goal of returning humans to the moon by 2024.The General Accounting Office (GAO) ...
REUTERS: Apple Inc has asked its major suppliers to assess the cost implications of moving 15per cent-30per cent of their production capacity from China to Southeast Asia as it prepares for a restructuring of its supply chain, according to a Nikkei Asian Review report on Wednesday. Apple's request ......
NEW YORK: Wall Street stocks finished higher on Wednesday (Jun 19) after the Federal Reserve signalled it could soon cut interest rates due to uncertainty over the economic outlook. As expected, the Fed kept interest rates unchanged, but Fed chief Jerome Powell said many central bankers feel the ...
