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Goldman Sachs’s Kathy Says Japan’s Stimulus Package May Payoff
5.12.2019
As the global economy is under immense pressure today, no developed nation seems to find it easy to wade off its impact. Japan seems to be on the front absorbing the global shock as it has a multitude of economic issues in its economy. However, some Government sources have lately indicated that...
South African Airways to Get R2 Billion as It Enters Into Business Rescue
5.12.2019
In any nation even with the slightest of socialist values, the public sector plays an important role. However, fulfilling these social obligations, public sector companies have been often financially worsened. The recent case of financially unsound South African Airways (SAA) proves that. This...
NATO Summit Opens a Space for Dialogue on Trade Between US and EU
4.12.2019
Since the day President Trump assumed office, he took severe measures against the American allies who have been allegedly taking advantage of American mammoth economic power. After Trump’s decision to move out of the ambitious Trans-Pacific Partnership deal, there have been rumors that...
Sundar Pichai Becomes CEO of Alphabet After Larry Page & Sergey Brin Resign
4.12.2019
Highly-acclaimed founders of one of the world’s most successful companies Google, Larry Page and Sergey Brin, have resigned from their delegatory posts of CEO and President respectively at Alphabet, the parent company of Google. However, what broke the Internet was the news about the appointment...
European Banks Struggle With Low Interest Rates and Strict Regulations
4.12.2019
Banks in Europe have been in a difficult spot lately. A new report reveals that financial institutions across the region faced serious difficulties in the 2018 financial year, and despite all the cost cutting that followed, haven’t managed to compensate the revenue decline in 2019....
The Uighur Act of 2019 Receives Bipartisan Support in the US House of Representatives
4.12.2019
The conflict between the United States and China seems to have proliferated to many dimensions. Along with trade clashes, the two nations have recently been engaged in a political battle, as well. After a week the U.S. President Trump signed legislation in support of anti-government protestors...
FINMA Gives Greenlight to FinSA, FinIA, FinSO, FinIO IAMs, and Trustees
3.12.2019
The Swiss Financial Market Supervisory Authority (FINMA) has recently authorized FinSA (draft FinSO) and the FinIA (draft FinIO). In October, the Federal Council started the consultation procedure on the draft FinSO by FinSA and draft FinIO by FinIA. It should be noted that the Financial Services...
Noxopharm Announces AU$2.4M Increase to Its Existing Funding Agreement
3.12.2019
Australian clinical-stage drug development company Noxopharm announced that it has managed to secure an increase in funding from two of its existing New York-based institutional investors, Lind Global Macro Fund LP and CST Investment Funds. According to the terms of the new agreement, the company...
Crypto in Africa: Opportunities and Challenges, Explained
2.12.2019
The achievements, the opportunities, the challenges: When it comes to crypto and blockchain in Africa, there's lots to discuss #Sponsored
Paytm Payments Bank Wants to Turn Into a Small Finance Bank
2.12.2019
Indian payments bank Paytm has revealed that the firm is looking to convert its payments bank into a small finance bank. CEO and founder of Paytm, Vijay Shekhar Sharma, told a leading Indian newspaper that such a move would allow Paytm to lend money to customers and lead to higher profits; and...
Sino-Russian Ties Make a Step Forward by Starting a $55 Billion Pipeline Project
2.12.2019
World Trade plays the most important role in today’s global economy and in the times when many big nations conflict with each other, there is always a scope for new associations. Averting the role and hegemony of the United States, Russia seems to have strengthened its agenda of “Look East” after...
Swiss Licensed Crypto Bank Expanding Into 9 Markets
1.12.2019
A fully operational crypto-focused bank based in Switzerland is expanding into nine other markets. With a banking and securities dealer license from the Swiss Financial Market Supervisory Authority, its services include crypto custody, trading, and asset management. The bank has launched...
Criminal Activity in Crypto: The Fact, the Fiction and the Context
30.11.2019
$400 million in XRP is used in illicit activity, how does this stack up against fiat fraud, and is the reputation of the crypto industry beyond saving?
Azerbaijan and Pakistan Keen on Mutual Investment Opportunities
30.11.2019
In a meeting between the President of Pakistan, Sarhad Chamber of Commerce and Industry Maqsood Anwar Pervaiz and Ambassador of Azerbaijani in Pakistan Ali Alizada said that Azerbaijan’s industrial community is keen to invest in potential sectors of Pakistan. The two parties discussed various...
Canadian Startup KOHO Secures $25M to Offer Free Smart Spending Account
29.11.2019
Canadian fintech startup KOHO has managed to raise $25 million in its latest funding round. The funding round was led by Drive Capital and NAventures, the venture capital arm of the National Bank of Canada, also participated. The funding round comes six months after the company had announced...
SAS Extends Its Existing Finance & Risk Partnership With Consulting Firm Zanders
29.11.2019
SAS has extended its existing finance and risk partnership with Netherlands based consultancy firm Zanders. Zander is primarily involved in corporate finance, risk management, and treasury management & worked on SAS’s risk transformation projects for insurance companies and banks. Based...
Boralex Confirms Entering Largest Refinance Agreement in France Worth $1.7 bn
28.11.2019
Boralex, the leading power-producing firm focused on the development of the renewable energy sector, has made an official announcement regarding its biggest refinance agreement worth a whopping sum of USD 1.7 billion in France. As a part of the agreement, the firm will refinance all of its wind...
DTE Corporate Finance Advises Titan Network on InTec Deal
28.11.2019
In a recent development, IT solutions consultancy InTec has acquired Titan Network Services for an undisclosed amount. DTE Corporate Finance acted as a sell-side consultant and advised Titan’s shareholders throughout the deal-making process. The deal is in line with the British government’s...
Ashok Leyland Teams Up With Axis Bank for Financing of Commercial Vehicles
27.11.2019
Ashok Leyland, the automobile company, owned by the Hinduja Group, has announced that it has partnered with Axis Bank for financing commercial vehicles. The partnership is for 2 years to offer customized financial solutions to its customers. According to the announcement, service will be available...
Ant Financial Plans to Raise $1 Billion Fund for New Start-ups
27.11.2019
Alibaba founder Jack Ma, owned Ant Financial, is making plans to attract around $1 billion in investment for a fund aimed at startups in Southeast Asia and India. According to a source, the company looking to invest in startups that are focused on markets in which mobile internet is growing...