IBM Cloud is tripling its cloud capacity in the U.K.
IBM Cloud is making the largest commitment it has ever made to one country at a single point in time after tripling its cloud capacity in the U.K. The move will see Big Blue open […]
November 2016
EU to propose higher capital for foreign G-SIBs
The European Commission is expected to propose rules requiring foreign global systemically important banks operating in the EU to hold greater levels of capital and liquidity to prevent European governments from footing the bill should […]
Commodity Futures Trading Commission Chairman drafted rules for commodity position limits
Commodity Futures Trading Commission Chairman Timothy Massad is reportedly circulating a draft rule on commodity position limits for passage before the end of the Obama administration. The rule requires CFTC approval and has not yet […]
Blockchain R3 group restructures as some members drop out
Blockchain group R3 has changed its membership structure and dropped its funding target to $150 million from $200 million while offering member banks a 60% equity stake. While a number of banks are signing on, […]
Facebook Live tries out real-time advertising
Facebook Live is trialing real-time advertising in users’ news feeds on a limited basis to give publishers and brands the chance to draw people to live broadcasts while they are happening. The platform also recently […]
NBCU confirms additional $200M Buzzfeed funding
NBCUniversal on Monday confirmed that it has invested an additional $200 million in viral-URL-producing site Buzzfeed, adding to the $200 million it invested in August. As part of the partnership, NBCU will sell Buzzfeed’s ad […]
Major equity indexes close at record highs
Postelection Wall Street has kept up momentum, with all three major stock indexes at record highs when trading ended Monday. Small-cap equities joined the trend, sending the Russell 2000 Index to a record-high close. Reuters […]
Trump expected to press for NAFTA changes
President-elect Donald Trump is likely to negotiate for major changes to the North American Free Trade Agreement, rather than move to terminate it. He is expected to call for tariffs to reduce the trade deficit […]
Major US equity indexes close at record highs
Postelection Wall Street maintained momentum, with all three major stock market indexes at record highs when trading ended Monday. Small cap equities joined the trend, sending the Russell 2000 to a record high closing as […]
Exports in Japan posted a 10.3% year-on-year drop in October
Exports in Japan posted a 10.3% year-on-year drop in October as trading partners cut back their purchase of steel, autos and mineral fuels. Last month’s fall followed a 6.9% decline in September and was Japan’s […]