It is a good time to raise money in Massachusetts. Start-ups in the Bay State attracted some $5.8 billion in venture capital last year, according to the National Venture Capital Association and research firm PitchBook. That is the best fundraising year in the state since 2007, and it helps Massachusetts to a three-way tie with […]
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Trump's planned state visit to UK delayed until next year: US official
President DonaldTrump‘s state visit to the United Kingdom, initially planned for this year, will be delayed until next year, a senior U.S. administration official said on Tuesday. Britisn Prime Minister Theresa May had invited Trump to London when she visited the White House soon after Trump took office on Jan. 20. But the two sides […]
Read moreWith consumers feeling better about the economy, the amount of money borrowed has reached its highest level since the Great Recession. Total consumer borrowing rose by $18.4 billion in May, the strongest gain since November’s $25.1 billion increase, according to a recent report by the U.S. Federal Reserve. While household income has grown over the […]
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EU project 'alive and kicking'; Brexit has inspired non-members to join, says IMF's Lagarde
Britain’s exit from the European Union has not only revitalized current members but it has also inspired countries outside of the bloc to apply for membership, the International Monetary Fund’s managing director, Christine Lagarde told CNBC Tuesday. “It’s quite fascinating to see this sort of parallel track of those existing members of the EU suddenly […]
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WHAT is the best way to kill a zombie? Fans of Daryl Dixon, a character in “The Walking Dead”, a television series, will know the answer: a crossbow bolt to the brain. Getting rid of corporate zombies, however, is a much more complicated process. Ageing populations mean that the workforces in developed economies are likely […]
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France is seriously trying to get rid of the biggest drag on its economy
Investors and international institutions often criticize France for its rigid labor market and how that’s a drag on its economic performance. But that’s about to change, the former governor of the Bank of France told CNBC. “I frankly think that apart from the U.K., in three, four months from now, France will have the more […]
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Time to buy? Gold experts see a sweet spot for bullion as inflation returns
Gold prices might be are under pressure from the current “risk-on” environment for equities and rising interest rates, but several analysts expect the price to recover and say the precious metal can provide investors some real risk protection. Gold is currently trading around $1,210 per troy ounce. During Monday’s session it fell to $1,204.45, the […]
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US shale production will see sharp growth slowdown in 2018, IHS says
U.S. shale production is expected to surge throughout the remainder of the year but investors should be prepared for nowhere near as much growth in 2018, according to Dan Yergin, vice chairman at IHS Markit. “We still see U.S. shale continuing to grow and being an important part of the supply but I think this […]
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Amid debt crises and raging protectionism, there’s still a country that badly wants to join the euro
The governor of the Croatian National Bank is confident that joining the euro zone’s single currency will be a good bet for a country that’s on a steady growth trajectory. Boris Vujcic told CNBC Tuesday said that joining the EU had given the country a much-needed boon in the aftermath of the European debt crisis […]
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Incoming EU banking regulations are a ‘headache for everyone’, RBS fintech advisor says
New banking regulations involving customer data sharing and data protection are a “headache for everyone”, according to a fintech advisor at the Royal Bank of Scotland. Alan Lockhart, head of open banking and fintech solutions at RBS said banks are slow to respond and would have to play catch up with the fintech industry due […]
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