U.S. companies, from chip giant Qualcomm to aircraft maker Boeing, announced a slew of deals on Thursday during U.S. President Donald Trump's visit to Beijing. The deals could be valued as much as $250 billion, though some have been long in the pipeline and many are non-binding. The signing ceremony was carried out in the presence of US President Donald Trump and his Chinese counterpart Xi Jinping. Being the world’s biggest developing economy and developed economy, China and the United States are highly complementary rather than competitive, Xi said when meeting with business delegates from both countries.
The Paradise Papers have revealed that the prestigious British universities have committed significant sums to a hedge fund scheme related to investments in fossil fuels. The revelations are likely to increase pressure on both institutions over their investment policies. The universities of Oxford and Cambridge invested millions of pounds in offshore funds, according to revelations contained in the Paradise Papers.
There will almost certainly be no Bitcoin hard fork next week: the main organizers behind the SegWit2x project have "suspended" their efforts. Called SegWit2x, the proposed fork would have increased the blocksize of bitcoin to allow quicker and less costly transaction processing. But it failed because of a lack of consensus support across the bitcoin community, including from bitcoin miners and exchanges.
The environmental, social and governance sub-sector of the fund space is seen as a growth frontier for exchange-traded funds and ETF issuers are responding to that theme. On Tuesday, California-based Inspire Investing bolstered its lineup of Christian values ETFs with the debut of the Inspire 100 ETF BIBL. “All of our funds are built using our Inspire Impact score methodology, which identifies the most inspiring biblically aligned companies in the world,” said Inspire CEO Robert Netzly.
Luxury goods maker Hermes said Wednesday that sales had accelerated during the third quarter across all its major markets and notably in its two biggest regions of Europe and Asia. Hermes said revenues were up by 6.4 percent at €1.337 billion ($1.5 billion) in the period from July to September. The result was ahead of analysts' average expectations of an about 8.5% revenues increase, as demand for the group's scarves, bags and clothes accelerated since the previous quarter when sales rose 8.3%.
British financial technology firm Revolut said on Wednesday it has applied for a European banking license, as it bids to join a growing number of digital-only banks looking to win away customers from larger, traditional lenders. Founded in 2015 by Nikolay Storonsky and Vlad Yatsenko in 2015, Revolut is an app-based banking alternative with a multi-currency card and mobile app. An account can be created in seconds, enabling users to instantly send free money transfers in 26 currencies to banks around the globe; spend fee-free in 120 currencies with a contactless Revolut card; and exchange currencies at interbank rates in the app. It also offers peer-to-peer payments.
The online search phrase “buy bitcoin” is now more popular than “buy gold,” according to the latest data from Google Trends. The tide began to change in favor of bitcoin only in the spring of this year, with “buy gold” search phrase completely dominating the field prior to that. On average, gold still wins out in 2017, but this might not be for long, as shown on the Google Trends chart.
The use of oil in the road transportation sector will increase even as the sale of electric vehicles is expected to rise, according to the annual long-term outlook from OPEC. If a quarter of the world’s cars have batteries, global oil demand would reach a plateau of about 109 million barrels a day during the second half of the 2030s, the Organization of Petroleum Exporting Countries said in its annual World Oil Outlook.
Daniele Nouy, head of supervision at the European Central Bank, said in Frankfurt on Tuesday that license applications from about 20 banks are in some stage of assessment by supervisors on the continent, Bloomberg reported. "Some have visited us several times to discuss their plans to move," said Daniele Nouy, who heads the ECB's banking supervision.
The caspian week conference is a meeting point of visionaries, market leaders and experts with the f
The climate transition creates opportunities and risks, and financial institutions and corporations
Seit über 30 Jahren ist die ZfU International Business School Gastgeber für die angesehensten Inve
Over 150 Fintechs CEOs from all over the world will be in both panels & interviews and on this stage
From 2018 onwards, Switzerland’s financial fair will only be open to professional investors. This
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