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World’s 2nd-Largest Bank CCB Launches Blockchain Refactoring: Report
11.12.2019
The world’s second-biggest bank, China Construction Bank, launches blockchain-based refactoring platform
State-Owned Chinese Bank to Finance Small Businesses With Blockchain Tech
10.12.2019
The China Construction Bank will help finance small businesses using a blockchain platform
Canada Gives Green Signal to the Controversial Digital Service Tax
10.12.2019
After France’s controversial move, now Canada has made it clear that it would be levying the contentious digital service tax. This tax is aimed at huge international digital companies like Google and Amazon. Canada’s Finance Minister said that his Government would go with this tax even after...
InfraRisk Makes New Associations With Toyota Finance and Taurus Motor Finance
10.12.2019
InfraRisk Pty Ltd. (InfraRisk) recently announced that it would expand its footprint in Germany and Australia. As per the official announcement, InfraRisk would tie-up with Toyota Financial Services in Germany to assist its credit process covering dealerships and large fleet consumers. It should...
Nexo Now Offers Bitcoin Cash Instant Crypto Credit Lines
9.12.2019
Bitcoin Cash community members are able to borrow against their favorite digital asset in more than 40 fiat currencies across more than 200 jurisdictions. This is thanks to Nexo which now offers BCH Instant Crypto Credit Lines with one of the lowest annual percentage rates in the industry. Also...
Bill Gates Echoed His Concerns About Anti-globalization With New Firmness
9.12.2019
Globalization has taken a prime spot in the global geo-political scenario in the last few years. The whole world seems to have taken an inward view and many developed nations like the U.S., Britain, and the European Union have normalized the anti-globalization norms through electoral intent....
Japan’s Third Quarter GDP Grew beyond Expectation; Private Consumption Becomes the King Maker
9.12.2019
Amidst news of gloomy economic conditions world-wide, Japan seems to have good news. Its Cabinet office data has indicated that the Japanese economy has come back on track. Its third-quarter GDP growth has outperformed the initial estimation by the Japanese Government. As per the official data,...
EU Finance Ministers Place Defacto Ban on Libra
6.12.2019
Libra’s ongoing organizational snags and run-ins with regulators continue into December, as EU finance ministers agreed Thursday that Libra cannot be launched in the EU until concerns are adequately addressed. The finance ministers issued a joint statement citing regulatory “challenges...
Goldman Sachs Predicts 31% Rise in Alibaba’s Hong Kong Stock
6.12.2019
After having missed out on underwriting the Alibaba Group Holding’s Hong Kong share sale, Goldman Sachs has now predicted that Alibaba shares could go up by as much as 31% in next year. Analysts at Goldman Sachs have started coverage of the Alibaba stock and also gave it a buy rating. Alibaba...
South Korea to Donate $5 Million to WHO for Humanitarian Aid in North Korea
6.12.2019
South Korean government will donate $5 million to the World Health Organisation (WHO) for the first time in 5 years. The donation will help provide humanitarian aid in North Korea, which will make medical treatment more accessible for women and children. The announcement was made by the unification...
BlockchainArmy’s Erol User Explains How Blockchain Can Revolutionize Finance
6.12.2019
Blockchain consulting company BlockchainArmy’s Chairman and Co-founder Erol User moderated a panel on Blockchain at the Bosphorous Summit in Istanbul, Turkey. One of the participants, Mark Mobius, an emerging markets fund manager and founder of Mobius Capital Partners LLP, showered praise on Erol...
Pomp Joins Figure’s Board as Firm Completes $103M Funding Round
5.12.2019
Morgan Creek Digital’s co-founder Pomp joins Figure’s board as his company leads the $103 funding round
Crypto-Focused Lender Blockfi Launches Trading Platform
5.12.2019
Crypto financial services company Blockfi has launched a trading platform supporting three cryptocurrencies. The new offering adds to the company’s existing services: interest-bearing accounts and crypto-backed loans. Blockfi has completed registration with the U.S. Financial Crimes...
Kdy se otevře první vesmírný hotel? Realizace těchto projektů zatím vázne a nejde jen o finance
5.12.2019
Vybudovat vesmírný hotel touží hned několik soukromých subjektů. Celá věc je však mnohem složitější, než by se na první pohled mohlo zdát. A rozhodně nejde jen o finance. Podle agentury Reuters je velký problém i v tematicky relevantních zákonech, které obecně řeší především rakety a zbraně –
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...