NEWS
Featured News
Trending News
Sorry, no posts were found.
UBER SHARES DROP AS SOFTBANK PLANS TO SELL ONE-THIRD OF ITS STAKE
SoftBank has seen total losses of around $4 billion on its Didi position and has also suffered from a decline in the valuation of Alibaba. Uber’s own Didi stake saw a $2 billion decline last week following the June debut of Didi’s American depositary shares as China’s officials planned fines against Didi amid a wider crackdown on US-listed Chinese companies.
FBX OF INFORMA FINANCIAL INTELLIGENCE AND NOVANTAS ANNOUNCE NAME OF NEW BUSINESS
FBX, an Informa Financial Intelligence business, alongside Novantas, announced today the name of their combined business—Curinos—a new entity equipping financial institutions with expanded data sets, intelligent technologies and market expertise that empower clients to make more profitable, data-driven decisions faster.
Curinos is the newest subsidiary of Informa plc (LSE: INF), resulting from the combination of its Financial Benchmarking & Omnichannel Experience (FBX) business with Novantas, Inc., a preeminent fintech provider of advanced decision support systems and data to the banking industry.
BUMPED LAUNCHES ‘GRAHAM’, THEIR NEW FINANCIAL SERVICES API SUITE
Today Bumped—the fintech company on a mission to create an ownership economy through a simple but powerful entry point to investing — announced the release of its newest product set. The ‘Graham’ is a suite of APIs designed for financial services organizations to bring stock rewards directly to their customers.
The release of the ‘Graham’ Financial Services API Suite enables bank customers and financial partners to unlock the power of stock rewards and Bumped’s proprietary technology stack to bring an exciting, innovative new reward to their customers. Bumped launched in 2017 and has rewarded over 2.4 million stock rewards to customers to-date.
MORRISONS’ SHARE PRICES JUMP 30% AS IT REJECTS £5.5 BILLION OFFER
Morrisons is preparing for takeover negotiations following its rejection of a £5.5 billion ($7.6 billion) bid from Clayton Dubilier & Rice (CD&R) at the weekend.
WEATHERING THE COVID STORM: WHY THE UAE IS LOOKING INCREASINGLY BETTER FOR POTENTIAL INVESTORS
The investment landscape has, for the past year, been characterised by uncertainty. It does not take a degree in economics to recognise that global pandemics, and their associated social restrictions, do not cultivate a desire for reckless speculation or needless risk-taking. It is doubtless for this reason that, according to a recent report from the United Nations Conference on Trade and Development, global foreign direct investment (FDI) suffered a total collapse during the course of 2020. The fall of 42% took total FDI from $1.5 trillion in 2019 to approximately $859 billion.
MINING STOCKS FALL AS CHINA RESTRAINS METAL PRICES
On Wednesday, mining stocks dropped after China announced it would release metal reserves to restrain commodity prices. China is the world’s largest consumer of raw materials. It fears that an increase in metal prices, and with it the extra costs that would be passed onto its consumers, could pose a serious threat to its economic recovery post-pandemic. Following the announcement, major mining stocks weighed heavily on the FTSE 100. Anglo American dropped 2%, Rio Tinto 0.9%, Antofagasta 1.5%, and Glencore 2.8%.
BRITAIN URGES EU TO SPEED UP FINANCIAL SERVICES TALKS
Both Great Britain and the EU have agreed to begin discussions via an informal forum on financial services, but the talks are yet to begin. This had led to Britain’s finance ministry calling for the EU to expedite financial services talks, after the London Stock Exchange urged the bloc to avoid protectionism.
RENTING IS NOW CHEAPER THAN BUYING A HOME IN MOST OF THE UK
According to research by Hamptons, for the first time in over six year, it is now cheaper to rent a property in the UK than it is to buy a property. The estate agency has revealed that pre-pandemic, buyers with a 10% deposit would have been better off than renters by £102 each month. However, this trend was reversed by the pandemic.