August 2016
Global equity funds continue to face withdrawals
Investors continue to shift money from global equity funds to bonds and emerging market debt, according to Bank of America Merrill Lynch. European equity funds have seen withdrawals of $76 billion so far this year. […]
Chinese factories hit by surprise downturn
China’s industrial sector shifted to contraction in July as a surprise slowdown in factory activity hit small and midsize companies. The official purchasing manager’s index reached 49.9, down from 50 in June, on a scale […]
Didi Chuxing acquires Uber’s China operations
Didi Chuxing, the dominant ride-hailing service in China, said it will acquire Uber Technologies Inc.’s operations in the country, ending a battle that cost the two companies billions as they competed for customers and drivers. […]
IBM has launched a platform for companies to test “blockchain”
IBM has launched a platform for companies to test “blockchain” record-keeping technology in their supply chains, combining its existing blockchain cloud offering and IBM LinuxONE. The service is an attempt to expand the use of […]
Hedgeable, the automated advice platform to add peer-to-peer lending
Robo Adviser Hedgeable, an automated advice platform with $50.5 million in assets, says it will offer a peer-to-peer lending product later this year. Customers can invest in the loans as an alternative to fixed-income investments, […]