Search Results for: Wall Street Journal
Eurozone economic recovery picking up despite Brexit, PMIs show
August 23rd, 2016
The eurozone’s economic recovery gained speed in August, according to surveys of purchasing managers that provide fresh evidence of the currency area’s resilience in the wake of the U.K.’s decision to leave the European Union. In advance of the ...
Rakuten buys struggling bitcoin startup Bitnet to create a ‘blockchain research lab’
August 19th, 2016
Rakuten has confirmed that it has acquired the assets of Bitnet, a bitcoin wallet startup it invested in, which will be used to create a ‘bitcoin lab’ for the Japanese retail giant. The transaction is undisclosed but it follows a Wall Street Journal ...
Oil price heads for $50 after Russia stokes output-deal rumour
August 16th, 2016
Energy minister Alexander Novak pumps up hopes ahead of production talks next month Oil has enjoyed its best three-session gain for four months and the benchmark that sets prices in the North Sea is moving towards $50 a barrel ...
Alibaba makes VR payments play
August 10th, 2016
Chinese web behemoth Alibaba is working on bringing its payments clout to VR, developing technology that will let people buy goods in a virtual world by making physical gestures. The company’s Ant Financial unit is developing a system that ...
Oil prices: OPEC may finally take action if crude’s slide continues
August 9th, 2016
Oil’s recent dip back into the $30s per barrel may be enough to get some OPEC members to curb their bickering and consider joint action — especially if oil plummets again. Considering a deal and agreeing to one are ...
Robo-Advisor reached $5 billion in assets under management
July 18th, 2016
Betterment Becomes First Independent Robo-Advisor to Surpass $5B of Assets Under Management Company Also Welcomes Amy Shapero as Chief Financial Officer Betterment announced that it is the first independent robo-advisor to reach $5 billion in assets under management. The ...
World’s oldest bank is on the point of collapse
July 18th, 2016
Italy’s third-largest and the world’ oldest bank, Monte dei Paschi de Siena, is on the point of collapse unless it receives state support. Its failure could spark a banking crisis in Europe, but EU rules forbid bank bailouts using ...
Italy may trigger collapse of European economy
July 11th, 2016
No emergency measures of either the European Central Bank or any other central banks can rescue the European banking system that currently stands on the verge of collapse. The shares of Europe’s largest financial institutions – Deutsche Bank and ...
Forget gold, silver is on fire and could hit $25/oz. by the end of 2016
July 7th, 2016
Silver has seen double the percentage gain of gold since Brexit Silver has outshined its sister metal since the U.K.’s decision to leave the European Union sparked turmoil in global equities markets, and the rally could lift the white ...
Can You Imagine The Fed Raising Interest Rates In This World? Europe In Chaos Edition
July 7th, 2016
Two short months ago it was generally expected that US interest rates would rise for the balance of the year — a move made possible by steady economic growth and general global stability. Here’s a representative piece ...
