Search
CEO Jamie Dimon Says that JP Morgan is Preparing for Risks from Zero Interest in the US
11.9.2019
The issues surrounding interest rates have taken centre stage among financial circles over the past few months, and one of the most interesting yet controversial topics has been that of negative interest rates. Many countries in the world now have negative interest rates, and now it is being...
Go-Ventures Backs Fintech Startup ‘Pluang’ By Offering US$3 Million Funding
11.9.2019
The Indonesian fintech firm, Pluang has come into limelight after receiving a US$3 Million for Series A funding from reputed venture capital fund, Go-Ventures. Go-Venture’s collaboration with Pluang will be serving to facilitate marketing, technology advancement, and improvements, along with...
American Corporations are Pulling Out Their Investments from China, Reveals Survey
11.9.2019
The trade war between the United States and China has proven to be one of the biggest diplomatic and economic events of the past decade. The world’s two biggest economies have been locked in a bruising trade war since the end of last year, and no resolution is at sight as yet. The global economy...
UK Former Brexit Negotiator, Olly Robbins to Join Goldman Sachs
10.9.2019
Over the course of the past three years, the United Kingdom’s political leadership has been in the middle of a meltdown due to the Brexit referendum. After the resignation of the then Prime Minister David Cameron, the mantle was taken up by Theresa May, and her main objective was to secure a deal...
Paytm owner One97 in Discussions to Acquire Stake in Yes Bank
10.9.2019
There was a time when Yes Bank was one of the shining lights of the dynamic private banking sector, but over the past year or so the bank has lurched from one crisis to another. During this period, its stock price has plunged significantly as well and hence; it has gone for a range of …
The...
Nasdaq Launches Decentralized Finance Index for Digital Assets
10.9.2019
Major United States stock exchange Nasdaq launches blockchain decentralized finance index Defix
Gobi Partners Leads Invests in $24 Million Funding Round of Indonesian Fintech Firm SuperAtom
10.9.2019
The steady march of technology and the easier availability of smartphones as well as cheap data have led to the rapid growth of the Fintech sector in many countries. While the United States, the United Kingdom, and China remain the leaders in the Fintech space at a global level, many other...
Nasdaq Lists New Decentralized Finance Index Including MakerDao, 0x, Augur
10.9.2019
Nasdaq has added a new index that aims to offer the markets information on blockchain projects working in the decentralized finance space
Leading Automotive Data Services Platform Provider Otonomo Collaborates with Microsoft
9.9.2019
Over the past decade or so automotive services have become a central tenet of a wide range of industries and one of the companies which have done remarkable work in this industry is Otonomo. The company has managed to produce an automotive data services platform that has gone on to become...
Crypto Banking Expands With Positive Interest Rates and New Services
9.9.2019
Banking, in the traditional sense of the term, has become a financial burden for account holders in regions where the era of subzero interest rates has already set in. European nations like Sweden, Denmark, Switzerland, and Eurozone countries have been in negative territory for some time, and banks...
S&P Says GCC Banks Are Improving Rapidly Due to Tech Adoption
9.9.2019
Over the past two decades, the advancements in technology have brought on far-reaching changes in the lives of individuals as well as in a range of industries. Tech is now the bedrock of most industries, and it is felt most acutely when it comes to the banking industry. Nowadays, the long-term...
China Adds Almost 100 Tons to Its Gold Reserves
9.9.2019
The world has been in the middle of an economic downturn for most of 2019 due to a range of factors. The uncertainty with regards to interest rates and the continued United States–China trade war has brought on a lot of chaos on to the markets. Due to such chaos many investors have decided...
WeWork Considers Slashing Its IPO Valuation to Levels Below $20 Billion
9.9.2019
2019 might not have been a great year for the stock markets so far, but it has certainly been the year of mega initial public offerings. Earlier on this year, ride-hailing giant, Uber went public in the biggest IPO in the history of Wall Street. On the other hand, some other companies like Lyft...
Citigroup and Credit Suisse Focus on State Asset Sales in Africa
9.9.2019
Over the course of the past decade or so, African countries have grown their economies at a remarkable rate, and consequently, the biggest banks in the world have set up shop in a range of the countries. One of the most common ways in which governments in developing economies raise money is...
As Snap Election Hopes Fade, Boris Johnson Shifts Focus to EU Deal
7.9.2019
Around three years ago, the United Kingdom used to be one of the world’s leading economies and was all set to grow for the foreseeable future. However, the Brexit referendum changed all that, as the people of the country voted to leave the European Union. The referendum plunged the country into...
Despite Potential Economic Slowdown; Citi Goes Big on Credit Cards
6.9.2019
When there is an economic slowdown, then the availability of credit dries up instantly and eventually, the government of the country’s central bank has to stimulate the economy through financial packages. Banks generally stop the tap as far as giving any kind of credit is concerned and eventually...
Alibaba Acquires NetEase for $2 Billion as Luxury Push Gathers Pace
6.9.2019
The e-commerce industry in China has grown at a truly remarkable pace over the last decade and the company that has decisively emerged as the biggest player in the industry is Alibaba. It is one of the biggest e-commerce companies in the world and due to the sheer size of the Chinese market,...
U.S. Congressional Probe Identifies Possible Gaps in Deutsche Bank’s Money Laundering Controls
6.9.2019
A decade or so ago, German banking giant Deutsche Bank AG was counted among the biggest banks in the world, but the financial crisis of 2008 hit the bank hard. Since the financial crisis, the bank has struggled to put its business into top gear again, and now it is faced with a legal issue...
Femsa all set to Invest $3 Billion in Mexico Until 2021
6.9.2019
Over the years, plenty of gigantic corporations have come up in the country of Mexico, and one of the better-known ones from among them is the company Femsa. Over the years, the conglomerate has invested billions of dollars in different parts of the world. In a new development, which should come...
Bitcoin ETF: How SEC Exemptions Help Firms Offer Interim Products
6.9.2019
There are several exemptions the U.S. Securities and Exchange Commission (SEC) offers that allow companies to launch their bitcoin investment products without registration. While waiting for the SEC to approve their bitcoin ETF, some firms have taken advantage of these exemptions to offer...