The share prices for Chinese companies with recent initial public offerings are posting spectacular gains. The average increase for the 62 companies that have completed their first month of post-IPO trading this year is a […]
The Bank of England has cut its key interest rate by 25 basis points to a record-low 0.25%, moving to cushion the blow of the UK’s planned withdrawal from the EU. The central bank says […]
The value of assets managed by registered investment advisers’ robo-advice platforms jumped 61% in the 12 months through March 31, according to a study by InvestmentNews and BlackRock. Only 8% of advisory firms have robo-advice […]
The National Development and Reform Commission, China’s top state planning agency, said the country will wait for “the appropriate time” to bring down interest rates and relax the bank reserve requirement ratio. The commission said […]
Time Warner has acquired a 10% stake in streaming service Hulu for $583 million. The partnership is part of Hulu’s strategy to become more competitive by offering live and recorded content from cable and broadcast, […]
Thomson Reuters has joined R3, a global consortium of financial institutions working to apply blockchain technology to the financial industry. Thomson Reuters is the first major data and technology provider to join the consortium. Reuters […]
Big banks such as Citibank, JPMorgan Chase and Bank of America are using online and televised videos to demonstrate to consumers and employees the importance of banking to the global economy. Americans still carry negative […]
KKR, Apollo Global Management and Carlyle Group are rumored to be interested in acquiring Hewlett Packard Enterprise in a deal estimated to reach $40 billion. Ever since HPE split from HP, the printer and personal […]
Piraeus Bank, Greece’s largest lender, has asked KKR to restructure $670 million of its corporate loans. Greek banks hold approximately $123 billion of bad loans, while the country’s economy has shrunk by over 25% to […]
LinkedIn is allowing its network of 500 influencers to post 30-second videos to their feeds on the platform, and it will produce video interviews with people such as Bill Gates. Videos will be sorted by […]
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