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Alibaba’s Ant Financial to Buy Large Stake in Vietnamese e-wallet Firm eMonkey
20.12.2019
Ant Financial, the fintech arm of e-commerce firm Alibaba, has acquired a significant stake in Vietnamese eWallet service provider eMonkey. Ant Financial has not acquired a controlling stake in eMonkey but will provide technical support to it. The deal with eMonkey is Ant Financial’s eighth...
CITIC Securities Tops Asia Capital Equity Markets (ECM) Ranking 2019 by Beating Goldman Sachs
19.12.2019
As per the data revealed by Refinitiv, CITIC securities, one of the top Chinese brokerage firms, will top the Asia Pacific’s Equity Capital Markets Ranking beating last year topper Goldman Sachs. This Asia Pacific ranking though excludes Japanese firms. The top ranker is selected based on several...
Tiger Global and Sequoia May Become Profitable From 2020 IPOs: CB Insights
19.12.2019
The year 2019 has not been very fruitful for investment firms. After the Uber’s dismal performance post IPO, the next year becomes more important to watch. In 2020, there are many more big names that may go public including Airbnb. From the investors’ point of view, the major investment firms...
Boeing to Stop Production of 737 Max Aircrafts
18.12.2019
The America-based multinational airplane manufacturing firm, Boeing has announced that the team is contemplating to halt the production of its best-selling aircraft named 737 Max by next month of the fast-approaching new year 2020. The ban was imposed by the Federal Aviation Administration (FAA)...
ICBC Reinforces Partnership With Alibaba and Ant Financial
17.12.2019
China’s one of the largest banks, the Industrial and Commercial Bank of China (ICBC), has declared that it would further enhance its association with Alibaba Group and Ant Financial. ICBC will use Alibaba Group’s long-standing experience on electronic payment settlement to enhance its services....
Accenture Will Board Corporates Onto Marco Polo Shipping Blockchain
17.12.2019
Accenture plans to help TradeIX create new use cases beyond banking for buyers and sellers within trade finance after backing the Marco Polo tech partner
Crypto Regulation: Is It Good or Bad for the Industry?
16.12.2019
Would regulation be a delight or a disaster for crypto and blockchain? Experts — and countries around the world — are bitterly divided #Sponsored
R3’s Marco Polo Runs Largest Trade Finance Trial With Over 70 Members
16.12.2019
R3’s trade finance network Marco Polo completes its largest trade finance trial involving more than 70 firms
R3 Completes Trade Finance Blockchain Trial With More Than 70 Organizations
16.12.2019
The trade finance blockchain consortium claims that it completed more than 700 funding requests with around 340 participants
IFF Confirms Merger With Dupont’s $26.2 Billion Nutrition Unit
16.12.2019
International Flavors & Fragrances Inc. (IFF) has recently declared that it would merge with DuPont Inc’s nutrition & biosciences unit. It will create a new consumer unit that would be worth over 45 billion USD after the merger. As per the initial agreements, DuPont shareholders will...
ArcelorMittal Triggers Rs 42,000 cr Payment for Acquisition of Essar Steel
14.12.2019
ArcelorMittal, the world-renowned steel giant, has started payment disbursement for the strategic acquisition of Essar Steel for a total amount of Rs. 42,000 crores, revealed the sources on December 13, 2019. Earlier in November this year, the Supreme Court of India gave its nod to the...
France Announces €2.5 Billion Worth “Choose Africa” Project for African SMEs
13.12.2019
The French government is all set to support Africa in becoming one of the world’s biggest ground for investment and capital development. The country broke the news on Friday that it has entered into a widescale free trade area agreement with the African continent to boost the business opportunities...
EIB Sanctions €66 Mn Funds Aid for Construction of 9 Solar Projects in Spain
13.12.2019
Working as the lending arm of the European Union and the world’s biggest provider of climate finance, the European Investment Bank has signed two crucial agreements focused on the promotion of renewable energy sources in the Russian territory. As part of the agreement, the bank will provide...
Mainstream Investment Vehicles Tied to Cryptocurrencies Grow Exponentially
13.12.2019
These days bitcoin and a variety of other digital assets are now being traded as funds and traditional equity holdings. The landscape of crypto investment vehicles has changed significantly as institutional and retail investors don’t need direct exposure to cryptocurrencies in order to invest...
How Brexit May Impact the Premier League?
11.12.2019
Sports and politics have never gone hand on hand. Though we have seen some instances of politicization of sports, the apex authorities like FIFA, IOC, and ICC have always tried to maintain the sanctity. However, there are certain political events that affect every sphere of human lives and sports...
JP Morgan Will Launch IIN Network in Japan to Address AML Issues
11.12.2019
Multinational investment bank JP Morgan is all set to launch its blockchain-powered payment system in Japan. The network, which is christened as Interbank Information Network (IIN), will see the launch early next year. The network will address the issuance of data among other bank networks and will...
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...