Spain’s central government has said that it will move to suspend Catalonia’s autonomy after the regional leader failed to drop a bid for independence. In a statement on Spain’s government website on Thursday morning, Madrid said that the Catalan leader Carles Puigdemont had refused to comply with a request to formally declare whether the region […]
Read moreCryptocurrencies like bitcoin are not the “new gold,” Goldman Sachs said in a note, advising investors that precious metals “remain a relevant asset class” in portfolios. In a note to clients earlier this week, Goldman detailed the benefits of holding gold in a portfolio. “The use of precious metals is not a historical accident – […]
Read moreNew Zealand’s Labour leader Jacinda Ardern will form the country’s next government after gaining the support of a small nationalist party holding the balance of power following an inconclusive Sept. 23 election. “This is an exciting day. We aspire to be a government for all New Zealanders and one that will seize the opportunity to […]
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Here are the best cities to claim your pension — but all fall short of a relaxing retirement
As retirees approach their golden years, the reality of how much their mandatory pension will pay out starts to bite. UBS analyzed 12 cities across the world in order to try and identify where people could best enjoy their retirement. And in an attempt to apply their research universally to a typical retiree, the Swiss […]
Read moreConsumer goods maker Unilever reported a 2.6 percent rise in underlying third-quarter sales on Thursday, blaming poor weather in Europe and natural disasters in the Americas. That was down from 3 percent growth in the first half of the year. The maker of Dove soap and Ben & Jerry’s ice cream, which in February rebuffed […]
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The financial technology (fintech) sector has taken mainstream finance by storm. But a number of world-renowned education institutions have noted a lack in qualifications for the industry. Fintech is an umbrella term for a number of tech innovations that aim to improve or simplify areas of the financial services. Those new to the sector can […]
Read moreJust three months ago, a tech project called Tezos raised $232 million online in a wildly successful “initial coin offering,” in which new digital currency is parceled out to buyers. At the time, it was the most money ever raised from the public in the white-hot cryptocurrency sector. But the venture is now in danger […]
Read moreLondon Stock Exchange Group Plc said on Thursday that its Chief Executive Officer Xavier Rolet will leave the bourse operator by the end of December 2018, just under a decade after he took the helm at the firm. LSE said it would start looking for his successor now. The group also reported a 17 percent […]
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Roche third-quarter sales beat forecasts with boost from new multiple sclerosis medicine
Roche‘s third-quarter sales rose 6 percent, beating analyst forecasts as the company was helped by better-than-expected revenue from its new multiple sclerosis medicine Ocrevus,the Swiss drugmaker said on Thursday. Roche third-quarter sales were 13.1 billion Swiss francs ($13.37 billion), compared to the 13.04 billion francs average estimate by analysts in a Reuters poll. Sales of […]
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London is the European hotspot for venture capitalists when it comes to fintech
London remains the top European city for venture capital investment in financial technology firms, according to data released by Mayor Sadiq Khan’s promotional agency. Investors have poured more than $1 billion into fintech companies across the U.K., including those in London, since the beginning of the year, London & Partners said Thursday. Fintech firms in […]
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