Venezuelan Digital Coin Presale Fetches $3.3Bln – Maduro

MEXICO CITY (Sputnik) - A presale of Venezuela's state-backed virtual coin called petro has raked in $3.3 billion, President Nicolas Maduro said.Maduro said in a statement on Thursday the proceeds would be transferred to the central bank...

Mexican Oil Giant Pemex Seeks Partners to Drill in 7 Southern Areas

MEXICO CITY (Sputnik) - Mexico’s state oil giant Pemex is looking for partners in joint ventures that will drill at seven onshore areas in the country’s south, the national hydrocarbons authority said Thursday.Contracts for drilling...

Ex-HSBC Bank Executive Sentenced to 2 Years for Defrauding Client

WASHINGTON (Sputnik) - A former high-ranking banking executive has been sentenced to two years in prison for his role in defrauding a client of the London-based HSBC Bank in late 2011, the US Department...

RIP: Pentagon Kills $89.4 Million X-Plane Drone (VIDEO)

The Pentagon’s secret weapons maker has dustbinned its LightningStrike experimental drone project with vertical take-off and landing (VTOL) capabilities.The Defense Advanced Research Projects Agency (DARPA) awarded a contract to Aurora Flight Sciences in 2016 to build an...

‘Cryptocurrency Lacks Reliability, Trust to Become Real Unit’ – Economist

Cryptocurrencies are spreading like wildfire in the financial world, but some authorities see it as a matter for concern as digital currency is deemed unstable and volatile. Radio Sputnik spoke with Chairman of the...

Deutsche Bank Publishes 80% Loss in Net Income Amid Strategy Shift

The bank’s first financial report following the replacement of its CEO and several other top executives, as well as the change in its expansion strategy, suggests that it may reduce its costlier and risker...
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