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Nalezeno "M1 Finance": 11340

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...

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...

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....

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...

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...

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...

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