Search Results for: SME
South Korea offers 25 billion USD investment package to Iran
May 5th, 2016
South Korean President Park Geun-hye offered 25 billion U.S. dollars aid for infrastructure investment in Iran, Petro Energy Information Network (SHANA) reported on Wednesday. According to its 6th Development Plan, Iran wants to invest 185 billion U.S. dollars in ...
The fintech sector in Asia Pacific is booming
May 5th, 2016
The fintech sector in Asia Pacific is booming, according to Accenture’s ‘Fintech and the evolving landscape’ report. The study found that fintech investment in the region more than quadrupled to US$4.3 billion in 2015, which accounts for 19 percent ...
EU backs crowdfunding as alternative funding source for startups
May 4th, 2016
The European Commission gave its backing to the use of crowdfunding as an alternative source of finance for start-ups in the EU Member States, in a report on the sector published on Tuesday. Crowdfunding is an open call to ...
Deutsche Börse launches FinTech hub in Frankfurt
April 28th, 2016
Yesterday evening marked the opening of Deutsche Börse’s FinTech hub in Frankfurt, making it one of the first major companies of the region to support the Hessian State Government’s FinTech initiative to set up a FinTech cluster in Frankfurt. ...
Fed holds on rates
April 28th, 2016
Information received since the Federal Open Market Committee met in March indicates that labor market conditions have improved further even as growth in economic activity appears to have slowed. Growth in household spending has moderated, although households’ real income ...
Artificial Intelligence seen as opportunity and threat by financial services sector
April 26th, 2016
New global survey reveals tensions between optimism and unease Majority believe AI and other fintech will make financial markets more competitive by 2018 But more than three-quarters say regulators are unable to keep pace with changing technology Sixty percent ...
Asian Stocks Slip Before Fed, BOJ as Yen Rises; Ringgit Slides
April 26th, 2016
Copper drops as oil resumes gains; U.S. Treasuries advance Malaysia’s currency slumps as state fund misses bond payment Asian equities fell for a third day and copper dropped to a one-week low as investors shunned riskier assets ahead of ...
Bank of Israel keeps the interest rate for May 2016 unchanged at 0.1 percent
April 25th, 2016
Inflation data: The Consumer Price Index for March declined by 0.2 percent, a slightly greater decline than the average of forecasters’ predictions for a decline of 0.1 percent. There was a seasonal price decline of 3.9 percent in the fruit ...
Russia wins Hague court appeal over $50bn Yukos judgement
April 21st, 2016
A Dutch appeal court has overturned an arbitration court decision which required Russia to pay shareholders in the former Yukos oil company $50 billion, the Interfax news agency reports. “We have won our appeal of the arbitration court decision ...
New Treasury report claims lawyers will be worse off as result of Brexit
April 21st, 2016
A new report issued by the Treasury has claimed lawyers and other professional services will be worse off if Britain leaves the European Union (EU) because of a reduction in access to the single market. The 200-page document, titled ...
