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Bank of America Joins Marco Polo Blockchain Trade Network
19.9.2019
The sixth-largest U.S. company has joined Marco Polo, a consortium working to bring efficiencies to international trade using blockchain tech
Bitcoin Cash Futures Expected to Open up US Market by Q1 2020
18.9.2019
Futures contracts on bitcoin cash can be available at a CFTC-regulated exchange by the end of this year or the first quarter of 2020. This will allow institutional U.S. investors to trade on a derivative of the cryptocurrency and bring in more trading volume for BCH overall. Also Read: HTC Adds...
Looming Economic Slowdown Likely to Force FED to Cut Interest Rates
18.9.2019
Over the course of the year, the global economy has given even indications that a slowdown might be looming and naturally, central banks have been urged to cut interests in order to stimulate growth. Many central banks across the world have cut interest rates. Last time around, the United States...
NY Fed Ploughs in $53 Billion to Save Overnight Lending Market Amid Turmoil in Financial Markets
18.9.2019
As everyone knows, easy availability of credit at favorable rates of interest is one of the backbones of the trading ecosystem in Wall Street. Hence, if there is a slight rise or any kind of fluctuation in that rate of short term borrowing, then the entire structure enters a risky zone. Every...
German Finance Minister Says Gov’t Must Reject Facebook's Libra Coin
18.9.2019
German must reject “parallel currencies” like Facebook’s Libra Coin, says German finance minister
UK’s Big 3 Consultancy Firms Pledge to Get Behind Disability Inclusion
17.9.2019
It is a well-known fact that when major progress needs to be made in the corporate culture, the biggest companies have to take the lead. Eventually, the culture percolates to other companies, and a progressive step can then spread quickly. Over the years, employment opportunities for disabled...
Boeing Says China Will Need to Spend $2.9 Trillion on New Aircrafts and Services
17.9.2019
Boeing may be the biggest aircraft maker in the world, but in addition to that, the company remains one of the biggest authorities on the aviation sector as a whole. Hence, when the company releases its annual report regarding its outlook on the commercial aviation sector in China, it is supposed...
GM to Include Electric Pickup and Batteries in $7 Billion U.S. Investment Pledge
17.9.2019
Over the past few years, the automobile industry in the United States has come under a lot of pressure due to the fact that most of those companies had a large number of overseas production facilities. The United States President, Donald Trump has been quite vocal about the whole affair and even...
Short-Term Finance for Trading Purposes in Turmoil in US
17.9.2019
When it comes to short-term trading, some of the biggest institutions in the world also need access to cheap financing to make the whole thing worthwhile. At the end of the day, if the rate of interest on short-term borrowing for trading purposes goes up even by a small percentage, it can eat into...
Here’s How Europeans Can Deal With Negative Interest Rates
17.9.2019
Low and negative interest rates have been a burden for account holders across Europe for some time. And it’s only getting worse, as the European Central Bank just announced a new rate cut to a record low of -0.5%. Private and corporate customers in many countries on the continent don’t...
Yandex ties up with VTB bank launching an Investment Portal
16.9.2019
After a much-struggled partnership between Yandex, Russia’s most valuable digital company and Sberbank, a retail state-owned bank to kick start an internet marketplace, everything seems to have come to an abrupt halt. Media is considering it be the case of sour grapes. Yandex is rather looking...
Diesel Cheating Settlement in Australia Finally Agreed By Volkswagen
16.9.2019
German car manufacturing giant Volkswagen has been beset with scandals over the past few years, and while the company is trying to turn over a new leaf, the aftermath of the scandals keep bugging it. The emission scandal had almost threatened to take down the company a few years ago, and...
As Global Economy Weakens, Federal Reserve All Set for Stimulus Pump
16.9.2019
It has been clear for quite a while that the global economy has been weakening for the past few months, and there has been a lot of speculation regarding the possible solutions to the impending trouble. The trade war between the United States and China is definitely one of the reasons behind...
At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows
16.9.2019
In a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonization in an attempt to save the economy from a deep recession....
ConsenSys Announces Codefi Project to Boost DeFi Adoption
15.9.2019
ConsenSys is doubling down on the DeFi ecosystem with a new product suite called Codefi
Data Analytics Firm, Getida, Merges with Israel’s Inventory Detective
15.9.2019
GETIDA, the renowned NewJersey-headquartered data analytics firm that provides intelligent analytic services for sellers on Amazon has announced that its merging with Israel-based Inventory Detective—an FBA (Fulfillment by Amazon) inventory reconciliation provider. The news of the merger came forth...
Crypto Facilitates Money Transfer for Restricted China
14.9.2019
Crypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal to send or receive over $50,000 in fiat money without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in...
Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will
13.9.2019
Cryptocurrencies undoubtedly bring new business opportunities. The expanding industry around digital assets and its customers need more and more services that traditional sectors can provide. Banking is often a bottleneck in the crypto space as most traditional institutions are still reluctant...
Microsoft to Collaborate with AGRA to Bring about Technological Solutions in Agriculture
13.9.2019
Over the past few decades, the biggest tech companies have become more involved in a wide range of activities and much of those are far from their core businesses. Microsoft is possibly the first tech behemoth to have emerged all those years ago when the tech sector was changing dramatically,...
Tiger Global and Lightspeed Lead $67 Million Funding Round in India’s OkCredit
13.9.2019
Over the past three decades or so, India has emerged as one of the biggest economies in the world. The advancements have fueled much of the country’s economic growth in the tech services sector, but over the past five years or so, a vibrant startup scene has evolved. From e-commerce payments...