Fintech app Revolut has raised $66 million in a venture capital investment in order to expand its operations further across Asia and North America. The London-based business, which offers foreign currency to consumers abroad at the interbank rate available on the financial markets, raised the money in a Series B venture capital, bringing its total […]
Read morePhilippine President Rodrigo Duterte’s latest attempt to reform the Philippine economy is a major change for the energy industry there. The Philippines, one of the fastest growing economies in Asia, could see a host of new energy projects coming online after Duterte changed the approval system from a multi-year gantlet to a 30-day process. Speaking […]
Read moreCurrency, United States Finance
European markets set to open higher; investors await data and earnings
European bourses look set to push higher Wednesday morning, with the German DAX leading the way as investors look ahead to earnings reports and monitor the latest political developments in the U.S. Germany’s stock index looks set to gain 46 points to open at 12,483. The British FTSE 100 is anticipated to open up 25 […]
Read moreThe dollar weakened and funds flowed into gold on Wednesday on concerns spurred by emails showing President Donald Trump’s son met with a Kremlin-linked lawyer whose stated goal was to assist Moscow in influencing the U.S. election. Donald Trump Jr. on Tuesday released emails about a controversial meeting he attended with a Russian lawyer offering […]
Read moreJapanese Foreign Minister Fumio Kishida wants to leave his post in Prime Minister Shinzo Abe‘s cabinet reshuffle next month, domestic media said on Wednesday, a sign he may be planning to challenge the increasingly unpopular leader for the top job. Support for Abe has plunged to its lowest since the prime minister returned to office […]
Read moreThe Philippines‘ central bank is watching financial risks in the country closely and is ready to act should the situation demand attention, its new governor told CNBC. One of the fastest growing economies in Asia, the Philippines posted GDP growth of 6.4 percent in the first quarter of 2017 from a year ago — even […]
Read moreThe global economic outlook may be relatively sanguine, but market valuations were getting high. That was the message from Singapore’s massive state-owned investment firm Temasek at its annual review on Tuesday. “Where we saw increased market valuations, we took the opportunity to divest into the positive momentum in some of our holdings,” Michael Buchanan, head […]
Read moreGermany’s Trivago is benefiting from a “talent drain” in the U.S., as Europe now appears to be a viable competitor for tech talent, according to company co-founder Rolf Schromgens. Schromgens observed that perceptions of the U.S., including those potentially colored by President Donald Trump’s ban on immigrants from some predominantly-Muslim countries, have helped his Europe-based […]
Read moreApple is reportedly working around the clock trying to fix software bugs affecting its next flagship iPhone, possibly called the iPhone 8, according to a source speaking to Fast Company. The report mentions several issues plaguing the new iPhone, which analysts have suggested may face delays. Wireless charging, which would allow users to charge the […]
Read moreInvestors should not be put off by the price volatility for cryptocurrencies like bitcoin and ethereum because these digital assets are still very new and offer nearly unparalleled returns, experts told CNBC. On Tuesday, ethereum’s price fell below $200 for the first time since May 30; the cryptocurrency has fallen more than 50 percent since […]
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