Knowledge Update

​New York, Jan 5 (IANS) Tech giant Apple on Thursday confirmed it plans to invest $1 billion in Japanese telecom giant SoftBank's massive $100 billion Vision Fund.

According to a report in TechCrunch, the fund is a joint effort between SoftBank and the government of Saudi Arabia's Public Investment Fund (PIF) that reportedly seeks to

London, Jan 2 (IANS) The British government will launch a new one pound coin at the end of March and scrap the current one by October.

An announcement from the British Treasury on Sunday said the new 12-sided one pound coin would become legal tender on March 28 and the new coin would be produced by

London, Dec 26 (IANS) Banks and more than 100 UK companies are inquiring about relocating to Ireland after Britain's historic vote to leave the European Union (EU), a media report said.

​Mumbai, Dec 20 (IANS) Volatility in the equity markets notwithstanding, the mutual funds industry is confident of attracting new investors and hopes to benefit from the macro-changes post-demonetisation, said a leading industry player.

​Beijing, Dec 16 (IANS) Chinese yuan weakened against the US dollar on Friday for the third-straight day Friday after the U.S. Federal Reserve (Fed) raised the benchmark interest rate for the first time this year, Xinhua news agency reported.

Washington, Dec 15 (IANS) The US Federal Reserve on Wednesday increased its key interest rate by 25 basis points in the first rate hike in 2016 and just the second in a decade.

​Singapore, Dec 13 (IANS) Rating agency Moodys Investors Services said on Tuesday that its outlook for banks in the Asia-Pacific region remains negative for 2017 based on the assumption of a difficult operating environment impacting banks' asset quality and profitability.

New York, Dec 9 (IANS) Mobile money services, which allow users to store and exchange monetary values via mobile phone, can help lift people in developing economies out of poverty, a new study suggests.

Beijing, Dec 9 (IANS) China's consumer price index, a main gauge of inflation, grew 2.3 per cent year on year in November, up from October's 2.1 per cent, the National Bureau of Statistics (NBS) said on Friday.

​Tehran, Dec 7 (IANS) The Iran government on Wednesday approved a proposal to change the name of the country's currency unit from rial to toman, media reported.

One toman equals 10 rials and one dollar is worth about 3,900 tomans in Iran's unofficial market currently, Xinhua news agency reported.