Tag Archives: unit

SASCHA STEINBACH/EPA-EFE/Shutterstock / SASCHA STEINBACH/EPA-EFE/Shutterstock The latest behemoth to enter the crypto space amid steady institutional interest is Citigroup, which officially launched a new business unit dedicated to the cryptocurrency and blockchain space, according to a memo obtained by The Block. See: As Cryptos Crash, Twitter is Drowning in MemesFind: If You Invested $1,000 in These Cryptocurrencies a Year Ago, Here’s How Much You’d Have Now The new unit, the Digital… Source link

Yahoo Japan Corp. said Tuesday it will sell a subsidiary that offers foreign exchange margin trading services to industry leader GMO Financial Holdings Inc. for 28.8 billion yen ($265 million), ending its involvement in the highly competitive space. Yahoo Japan is expected to complete the sale of all its shares in YJFX Inc. in September. YJFX will be renamed Gaika ex byGMO Inc., according to GMO, an industry leader by volume in retail foreign exchange margin… Source link

LONDON—Senior managers at Google artificial-intelligence unit DeepMind have been negotiating for years with the parent company for more autonomy, seeking an independent legal structure for the sensitive research they do. DeepMind told staff late last month that Google called off those talks, according to people familiar with the matter. The end of the long-running negotiations, which hasn’t previously been reported, is the latest example of how Google and other tech giants are trying to… Source link

SoftBank Group affiliate Z Holdings on Monday announced plans to invest ¥500bn ($4.7bn) and hire 5,000 AI engineers over five years after completing a merger with popular messaging app Line. By launching new services and creating synergies in businesses such as online advertising, the combined entity aims to generate ¥2tn in revenue and ¥225bn in operating profit by fiscal year 2023. The business plan is Z Holdings’ most detailed strategy yet in countering the growing… Source link

Bloomberg Haunted by 2008, China and U.S. Diverge on Stimulus Plans (Bloomberg) — The U.S. and China are pursuing divergent economic policies in the aftermath of the coronavirus recession in a role reversal from last time the world economy was recovering from a shock.One of the takeaways from the annual National People’s Congress under way in Beijing is a conservative growth goal, with a tighter fiscal-deficit target and restrained monetary settings. That’s a big contrast with Washington,… Source link

TOKYO — SoftBank Group affiliate Z Holdings on Monday said it will invest 500 billion yen ($4.7 billion) and hire 5,000 AI engineers over five years after completing a merger with popular messaging app Line. By launching new services and creating synergies in businesses like online advertising, the combined entity aims to generate 2 trillion yen in revenue and 225 billion yen in operating profit by fiscal year 2023. The business plan is Z Holdings’ most detailed strategy yet in countering the… Source link

(Bloomberg) — Google’s streaming video game service Stadia had ambitious plans to disrupt the gaming industry, which is dominated by consoles. The tech giant had planned to pack Stadia with original content, announcing two years ago that it was hiring hundreds of game developers and starting studios in Los Angeles and Montreal. But those teams barely had time to get started before they were dismissed earlier this month as Google shut down in-house game development. From the beginning,… Source link

(Bloomberg) — A $150 billion Morgan Stanley investing arm known for its prowess in picking growth stocks is considering adding Bitcoin to its list of possible bets. Counterpoint Global, a unit of Morgan Stanley Investment Management that’s racked up wins in mutual-fund rankings, is exploring whether the cryptocurrency would be a suitable option for its investors, according to people with knowledge of the matter. Moving ahead with investments would require approval by the firm and… Source link

FILE PHOTO: Telecom Italia new logo is seen at the headquarter in Rozzano neighbourhood of Milan, Italy, May 25, 2016. REUTERS/Stefano Rellandini/File Photo MILAN (Reuters) – Former Google executive Carlo d’Asaro Biondo has been appointed as Chief executive officer of Telecom Italia’s (TIM) newly-created cloud unit Noovle, Italy’s biggest phone group said on Monday. The creation of the new company is part of the former phone monopoly’s strategy to boost and diversify its revenues,… Source link

TipRanks 3 Top Dividend Stocks With Growth Opportunity; Goldman Sachs Says ‘Buy’ Investing is all about finding profits, and investors have long seen two main paths toward that goal. Growth stocks, equities that will give a return based mainly on share price appreciation, are one route. The second route lies through dividend stocks. These are stocks that pay out a percentage of profits back to shareholders – a dividend, usually sent out quarterly. The payments vary widely, from less than… Source link