Search Results for: World Bank
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 ...
Money Is Becoming Unmanageable: Hedge Funds Post Losses, Face Outflows
December 3rd, 2015
Some of the money managers who made names (and billions of dollars) for themselves in the past decade are suddenly failing: ” Hedge Funds Brace for Redemptions (Bloomberg) – When BlueCrest Capital Management told investors Tuesday ...
Asian stock markets trade mixed; commodities weigh
December 3rd, 2015
Asian stocks trimmed losses Thursday as oil prices edged up from an over three month low, although the mood remained cautious ahead of key economic events overseas. U.S. crude prices clawed back gains and was up 43 cents or 1.08 ...
Global Crisis: Goldman Sachs Says That Brazil Has Plunged Into ‘An Outright Depression’
December 2nd, 2015
One of the most important banks in the western world says that the 7th largest economy on the entire planet has entered a full-blown economic depression. Brazil’s economy has now contracted for three quarters in a row, and many ...
The truth about GDP
December 1st, 2015
“I can prove anything by statistics except the truth” – George Canning Canning’s aphorism is as valid today as when he was Britain’s Prime Minister in 1817. Unfortunately, his wisdom is ignored completely by mainstream economists. Nowhere is this ...
FIS Completes Acquisition of SunGard
December 1st, 2015
Key facts FIS acquires SunGard, one of the world’s leading software and technology services companies. Acquisition propels FIS to a $9.3 billion company and uniquely positions it to offer a broad range of retail, enterprise and wholesale banking and payments capabilities ...
Swatch partners with Visa for pay-by-the-wrist contactless payments
December 1st, 2015
Swatch SA and Visa Inc. together with Visa Europe have signed an agreement giving eligible Visa cardholders in the U.S., Switzerland and Brazil the ability to tap and pay with Swatch’s new «pay-by-the-wrist» watch, Swatch Bellamy. Slated to launch ...
Russia and Saudi Arabia Battle for Control of European Oil Market
December 1st, 2015
Both Russian and Saudi companies have aggressively discounted their crude exports to Europe, dimming hopes of production cuts A contest for dominance in Europe’s oil market is heating up between the world’s two biggest oil exporters—Saudi Arabia and Russia—as ...
The Current State of the Swiss Franc
November 30th, 2015
The Swiss National Bank (SNB) kept policy unchanged at the June policy review, leaving their benchmark interest of deposits at -0.75%. The target range for the three month Libor remained unchanged at -1.25% to -0.25%. The SNB repeated ...
OPEC rivals now allies in push for oil market share
November 30th, 2015
Almost by accident, OPEC adversaries Saudi Arabia and Iran are about to work as a team. When the Saudi kingdom decided last year that OPEC should keep pumping to counter a surge in US shale oil, Iran spearheaded resistance ...
