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New cryptocurrency coming, Named PROCOM coin

What makes it unique to existing cryptocurrencies like Bitcoin?  PROCOM is a decentralized and innovative payment network and kind of money. Procom uses peer-to-peer technology to operate with no central authoriy or banks (like Bitcoin). Managing transactions and the issuing ...

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Sensex retreats from 6-week high, slides 253 points

Market benchmark Sensex slipped from its six-week high today by plunging 253.11 points to 24,551.17, while NSE Nifty cracked below the 7,500-mark on profit-booking in healthcare and FMCG stocks amid weak global cues. The 30-share gauge after opening a shade ...

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Alibaba’s Mega IPO is Coming

Alibaba

Chinese e-commerce behemoth Alibaba Group officially announced plans over the weekend to list its huge initial public offering in New York instead of Hong Kong. Alibaba’s IPO may be the largest ever by a tech company. Reports indicate Alibaba could ...

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Twitter sets IPO price at $26 per share

twitter ipo

Twitter sets IPO price at $26 per share, which means the company’s shares can begin trading on Thursday on the New York Stock Exchange. The $26 IPO price values Twitter at $14.2 billion. The company intends to raise $1.8 billion ...

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Citigroup profits fall as bond trading slowdown

Citigroup profits fall as bond trading slowdown

The Citigroup earnings fell short of market expectations. Citigroup reported a marginal fall in adjusted quarterly profit from ongoing businesses after the Federal Reserve’s decision to continue its bond-buying programme for longer than expected slowed trading by clients. Net income ...

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Wall Street pulls back

Wall Street

Major US stock indexes oscillated between modest gains and losses on the heels of Wednesday’s rally, with the S&P showing a swing of less than 10 points between the high and low of the session. The Dow Jones industrial average ...

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