Disruptive financial technologies should receive the same regulatory treatment as banks, says Dirk Schrade of Deutsche Bundesbank. “I personally think that, as central banks, we should not be the driver of innovation,” he said. Risk.net […]
China is committed to pressing ahead with the development of integrated financial services, said People’s Bank of China Deputy Governor Fan Yifei. The shift to integrated financial services is essential to make China’s financial system […]
The presidents of the World Bank Group and the New Development Bank, commonly known as the BRICS bank, agreed to strengthen cooperation in meeting the world’s infrastructure needs. They said they will work together to […]
Wholesale-inventory investment posted its sharpest fall in six months for July, while inventory was flat, the US Commerce Department said. Despite reduced wholesale-level spending, some economists said inventory is likely dragging on the economy this […]
Asian-Pacific stock markets declined Monday as traders worried that central banks were about to tighten monetary policy. Japan’s Nikkei 225 declined 1.7%; Hong Kong’s Hang Seng Index dropped 3.4%; Australia’s S&P/ASX 200 fell 2.2%; China’s […]
Constant disagreements between the EU and the International Monetary Fund over Greece’s debt are blocking the country’s economic recovery, Greek Prime Minister Alexis Tsipras said. The EU and the IMF are at odds over how […]
HP (NYSE:HPQ) is getting a lot bigger. The personal computer and printing giant is buying Samsung’s (OTC:SSNLF) printing business for $1.05B, in a move that will give it 6,000 new employees, thousands of new technology […]
Drones will soon be delivering burritos on the campus of Virginia Tech. The experimental service, to begin this month and last just a few weeks, will be conducted by Alphabet’s (GOOG, GOOGL) Project Wing and […]
Although it’s only implemented two out of the 15 actions from its first bailout review, Greece has assured Brussels it will fulfill all of them by the end of September to pave the way for […]
Man Group’s AHL hedge fund is using machine-learning algorithms to increase investors’ profit. “We are developing and testing multiple new systems, and, given what we have seen so far, I would expect more to pass […]
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