Search Results for: IPO
Is money-laundering scandal at Danske Bank the largest in history?
September 27th, 2018
The Russian-speaking caller refused to give a name but the threat was explicit: “Do you really feel you can walk home safely at night?” It was 2013 and officers at the Estonian branch of Danske Bank were beginning to ...
Fintech funding in Asia surged to US$16.8 billion; Global fintech investment hit US$57.9B
August 14th, 2018
Fintech funding in Asia surged to US$16.8 billion across 162 deals in the first half of 2018 powered by a massive US$14 billion Series C VC funding round by Ant Financial, up from US$2 billion the second half of ...
Nestlé lost a 16-year legal fight to dominate the chocolate bar market
July 30th, 2018
KitKat’s makers have suffered a major setback in its 16-year quest to dominate the market for four-fingered chocolate bars. Nestlé applied to trademark the distinctive trapezoid shape of KitKats in 2002, and initially succeeded. Nestlé has been fighting to ...
Chinese tycoon Jack Ma’s online payments firm is now worth more than Goldman Sachs
June 11th, 2018
Chinese tycoon Jack Ma’s online payments company just raised a huge pile of cash from investors. Ant Financial said in a statement Friday that it has brought in $14 billion from Chinese and foreign investors. It plans to use ...
OPEC won’t stop when Oil hits $80
May 17th, 2018
OPEC is not in a rush to start winding down the production cuts despite oil prices continuing their strong rally, with Brent briefly breaking above $79 a barrel on Tuesday. The cartel sees the price spike as only a ...
Stock Market 2018: The Tao vs. Central Banks
December 7th, 2017
The central banks claim omnipotent financial powers, and their comeuppance is overdue. I will be the first to admit that invoking the woo-woo of the Tao as the reason to expect a reversal of the stock market 2018 ...
Australian Dollar Jumped, Euro Was Steady; Key Financial Events In The Coming Days
December 5th, 2017
The Australian dollar jumped on stronger-than-expected retail sales data and comments on inflation from the central bank. Stocks in Asia traded mixed as investors assessed gains spurred by the passage of the U.S. tax cuts in the Senate that ...
A review of the main moves in Stocks, Currencies, Bonds and Commodities
November 13th, 2017
Equities in Asia put in a mixed start to the week as investors sought fresh catalysts after last week’s run to record highs. The British pound took a hit as pressure mounts on U.K. Prime Minister Theresa May after ...
Asian Stocks Mixed, Dollar Slips; Japan’s Topix index closed at the highest level since 1991
November 8th, 2017
Asian stocks were mixed as a rally that lifted regional equities to the highest levels in at least a decade stalled. The dollar came under pressure after advancing against G10 peers amid concern about the progress of U.S. tax ...
Oil prices stable; What the analysts see
October 19th, 2017
Oil prices were stable on Thursday, supported by ongoing OPEC-led supply cuts, tensions in the Middle East and lower U.S. production due to hurricane-enforced closures. Brent crude futures LCOc1 were at $58.10 at 0411 GMT, slightly lower than their ...
