Search Results for: CIF
Egypt expects $1.5 billion in aid by year-end; President in Greece for energy
December 8th, 2015
Egypt expects to receive $1.5 billion from the World Bank and African Development Bank by year-end to support the budget and could discuss potential IMF financing once parliament convenes, International Cooperation Minister Sahar Nasr said. Egypt is implementing a ...
A Fateful Mistake Haunts Goldman Sachs
December 8th, 2015
Bank faces fresh allegations of share-count error tied to Tibco takeover Goldman Sachs Group Inc. is entangled in an increasingly contentious fight over a 2014 takeover on which it advised, underscoring the treacherous legal environment for mergers-and-acquisitions bankers. Goldman faces fresh allegations ...
Asian stocks at three-week lows on oil drop; Fed eyed
December 8th, 2015
Asian stocks hit three-week lows on Tuesday as a rout in oil prices knocked energy company shares lower and many investors moved to the sidelines ahead of next week’s meeting where the Federal Reserve is expected to raise U.S. ...
Putin seeks alliance to rival TPP
December 7th, 2015
Russian President Vladimir Putin intends to form an economic bloc, as an alternative to the US-led Trans-Pacific Partnership (TPP). He has asked the government to start making contacts with Asian countries. “I suggest that we and other Eurasian Economic ...
Why the Fed Has to Raise Rates
December 4th, 2015
No empire has ever prospered or endured by weakening its currency. A great many insightful commentators have made the case for why the Fed shouldn’t raise rates this month–or indeed, any other month. The basic idea is that the ...
GOLDMAN SACHS: ‘The Blockchain can change… well everything’
December 4th, 2015
Goldman Sachs is a big bull on blockchain, the distributed ledger software that underpins digital currency bitcoin. In an “Emerging Theme Radar” note sent to clients on Wednesday, the bank says: “While the Bitcoin hype cycle has gone quiet, ...
Robot financial advisers to march on the UAE
December 4th, 2015
When the Dubai resident Lewis Brown and his wife Penelope wanted financial planning advice, they took what for many is a natural step – they spoke to a financial adviser. The adviser, Will Carling of AES International, spent several ...
Japanese E-Commerce Rakuten Establishes $100M Fintech Investment Fund: Initially Targets US and Europe
December 3rd, 2015
Japanese e-commerce giant Rakuten (TOKYO:4755) officially initiated a new $100 million fintech investment fund, according to a release. The Rakuten FinTech Fund, a new US$100 million global investment fund focuses on investments in disruptive early to mid-stage fintech startups aims to offer ...
ASIC: Former CEO of a Fund Manager Firm (in liquidation) is permanently banned
December 3rd, 2015
The Australian Securities and Investment Commission has issued a press release to inform about its decision to permanently ban former Equititrust CEO. According to ASIC, the Commission has permanently banned Mark McIvor, former Chief Executive Officer and founding director ...
Saudi Arabia, Allies Willing to Cut Oil Production If Others Follow
December 3rd, 2015
Divisions emerge ahead of a contentious OPEC meeting on Friday Saudi Arabia and its Persian Gulf allies are willing to pull back oil output as crude prices skidded further Wednesday but won’t cut unless other producers like Iran, Iraq ...
