Search Results for: Asia
Aberdeen granted WFOE licence, signals long-term ambition in China
September 23rd, 2015
China has granted Aberdeen Asset Management (‘Aberdeen’), the UK-based asset manager, a Wholly Foreign-Owned Enterprise (WFOE) business licence. The announcement comes as UK Chancellor of the Exchequer, George Osborne, leads a trade delegation to China. The licence, issued to ...
FactSet Acquires Portware, Execution Management System (EMS) Provider
September 23rd, 2015
FactSet Research Systems Inc. (NYSE:FDS) (NASDAQ:FDS), a leading provider of integrated financial information and analytical applications to the global investment community, announced that it has agreed to acquire all the issued and outstanding membership interests of Portware, LLC (www.portware.com) for cash consideration ...
Oil futures slide with focus on U.S. oil supply
September 22nd, 2015
Crude-oil futures dropped Tuesday, giving up some of the prior day’s strong gains, as analysts said data on U.S. oil supply and China’s economy could cause more price volatility this week. Oil-futures for delivery in November CLX5, -2.49% fell ...
China turns to Islamic finance to expand economic clout
September 22nd, 2015
Islamic finance is gaining prominence as a channel for China to expand its economic influence abroad as banks strengthen ties with Muslim-majority countries and Chinese companies start to tap offshore pools of Islamic funds. With a Muslim population of ...
Private equity firm EMR teams up to buy Australian copper miner
September 21st, 2015
Private equity firm EMR Capital has teamed up with the former head of Equinox Minerals to buy a small Australian copper mine for up to A$15 million ($10.75 million) plus taking on about A$40 million in rehabilitation bond costs, ...
Algorithmic markets would save us from another financial crisis
September 21st, 2015
As the world recovers from yet another international stock-market roller-coaster — an outright crash probably only prevented by safety algorithms installed after the Singapore flash crash of 2013 — it might be helpful for us to remember a couple ...
Gold remains money
September 18th, 2015
We think we know that gold is no longer money, because Keynesians and monetarists insist it is so. Furthermore, it has been replaced by government currencies, which we use to buy and sell, do our accounts and pay our ...
China Stocks Jump in Last Hour of Trading on State Support Signs
September 16th, 2015
Government buying may be trigger for rebound, IG Asia says ChiNext small-caps index jumps 7.2% for biggest one-day gain China’s stocks surged after the Shanghai Composite Index slid below the key 3,000 level, with gains coming in the ...
Blockchain expert Tim Swanson talks about R3 partnership of Goldman Sachs, JP Morgan, UBS, Barclays et al
September 16th, 2015
Nine of the world’s biggest banks from both sides of the Atlantic and Asia Pacific have agreed to join a partnership to divine a set of common standards and practices towards constructing a shared digital ledger system for financial ...
Barclays hunts for new recruits with gamified trading platform
September 15th, 2015
Barclays is to test the skills of budding traders with the opening of a virtual investment platform from US-based gamified recruitment startup Stockfuse. Stockfuse was one of the startups to win a place on Barclays’ fintech accelerator programme ...
