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Corephotonics raises $15 million from Samsung, Foxconn, MediaTek

JERUSALEM (Reuters) – Corephotonics, an Israeli maker of dual camera technologies for smartphones, said on Wednesday it raised $15 million in a funding round that included Samsung Ventures, iPhone manufacturer Foxconn and chipmaker MediaTek. Source
Posted On 11 Jan 2017

Binary options firm Banc De Binary says winding down operations

TEL AVIV (Reuters) – Banc De Binary, one of the biggest and best-known providers of online trading in binary options, which allow investors to bet on short-term moves in financial assets, said it is winding down its business, citing regulatory pressures. Source
Posted On 11 Jan 2017

Exclusive: Alibaba, part of planned Taiwan fund, won’t seek board seats at local firms – source

TAIPEI (Reuters) – Alibaba Group Holding, which is awaiting regulatory approval for a $45 million fund it is participating in, has promised the Taiwanese government it will not take board seats at local firms the fund invests in, a source with direct knowledge of the matter...
Posted On 11 Jan 2017

Samsung leader named a suspect in South Korea political probe

SEOUL (Reuters) – A South Korean special prosecutor’s office will question Samsung Group [SAGR.UL] leader Jay Y. Lee as a suspect in a widening influence-peddling scandal that may force President Park Geun-hye from office. Source
Posted On 11 Jan 2017

Bitcoin slides after China central bank launches investigation

LONDON (Reuters) – The price of digital currency bitcoin slid around $50 on Wednesday after China’s central bank said it had launched spot investigations on bitcoin exchanges in Beijing and Shanghai in order to fend off market risks. Source
Posted On 11 Jan 2017

Uber signs deal with Dubai regulator after pricing rows

DUBAI (Reuters) – Ride-hailing service Uber [UBER.UL] signed an agreement with Dubai’s transport authorities on Wednesday to become fully regulated after a series of clashes over pricing and availability. Source
Posted On 11 Jan 2017

China’s anti-Teslas: cheap models drive electric car boom

-nuBEIJING (Reuters) – More electric cars are sold in China than in the rest of the world combined, but are mainly locally-branded models that are cheaper and have a shorter range than those offered by foreign automakers such as Tesla and Nissan. Source
Posted On 11 Jan 2017

The Better Way: Backing into Smoot-Hawley and Repeating the Flaws of PPP

While hearings on US President-elect Trump’s nominees will begin this week, the Republicans are preparing dramatic changes in taxes.  In this note, we will look closely at one element of the proposed tax changes that involve trade.  It is the border tax adjustment.   In...
Posted On 11 Jan 2017

Health Care Sector Update for 01/10/2017: IMNP, VRX, JNJ, PFE, ABT, MRK, AMGN

Top Health Care stocks Top Health Care stocks JNJ flatJNJ flat PFE 1 1 PFE 1 1 ABT flatABT flat MRK flatMRK flat AMGN flatAMGN flat Health care shares were mostly unchanged in pre market trade Tuesday Health care shares were mostly unchanged in pre market trade Tuesday In health Source
Posted On 11 Jan 2017

Stock Market News for January 10, 2017

Benchmarks mostly ended in the red on Monday led by declines in energy shares Rise in oil prices dragged energy shares down Oil prices took a beating on concerns that rise in Iraqi exports and US output could adversely affect the impact of a deal among major oil producers to...
Posted On 11 Jan 2017