2016
Finance News Startup Cheddar Raises $10M
Jon Steinberg’s news startup, Cheddar, has raised $10 million in funding as it looks to expand its live programming. Cheddar launched five months ago as the brainchild of Steinberg, a former BuzzFeed and Daily Mail […]
Online pharmacy startup PillPack is raising new venture capital funding
Online pharmacy startup PillPack is raising new venture capital funding at around a $330 million pre-money valuation, Fortune has learned. The Somerville, Mass.-based company on Tuesday disclosed via an SEC filing that it already has […]
S&P analyst sees 2.9% GDP pace for South Korea through 2019
South Korea can look forward to an annual economic growth pace averaging 2.9% through 2019, exceeding last year’s 2.6% and the rate for advanced economies, says Kim Eng Tan of S&P Global Ratings. Korea is […]
Household debt that supports living expenses surges in South Korea
Amplifying general concerns over South Korea’s high rate of household debt are figures that question the quality of much of the debt load. Mortgage-backed loans intended to support living expenses surged 6.6% to reach 135.6 […]
India considers digital solutions for financial inclusion
With a cash-to-GDP ratio of 12%, India has a long way to go to bring about a cashless, digitally driven economy. But that’s the goal as the government looks to raise the number of Indians […]
US Fed’s economic report modestly upbeat
The US Federal Reserve’s Beige Book assessment of the economy is generally positive, noting tight labor markets in some areas but little evidence of wage inflation. It’s the latest data point for Fed policymakers before […]
Thousands of jobs reportedly lost at China’s top banks
China’s four largest national banks have laid off more than 22,000 staffers after a year of flat or declining profits, according to the South China Morning Post. The cuts come amid a slowing economy and […]
Clients gain access to Goldman Sachs’ software
Goldman Sachs Group is letting clients use Securities DataBase, the bank’s risk-management software, to generate business from hedge funds and money managers. The firm aims to increase business by providing clients with web-based trading tools. […]
Europe’s corporate-bond sales soar, yields fall
Record-low borrowing costs have touched off a torrent of corporate-bond offerings across Europe. Bond sales are accelerating after drugmaker Sanofi and household-product-maker Henkel sold debt with negative yields, the first time nonfinancial companies could get […]