Exchange operator Nasdaq Inc. (NDAQ.O) plans to set up a venture capital arm to invest in financial technology companies that can help grow its own businesses. Nasdaq is best known for running stock exchanges around […]
The International Monetary Fund is making “irresponsible demands” that are disrupting Greece’s bailout, said George Katrougalos, the Greek alternate foreign minister for EU affairs. The IMF’s positions are the only obstacles standing in the way […]
All three major stock indexes closed at record highs Thursday, and markets continued to climb in early trading today. At 10 a.m. Eastern, the Dow Jones industrial average was up 57 points, the Nasdaq composite […]
Blackstone has signed a deal to acquire the employee-benefits outsourcing business of international insurance brokerage Aon for $4.8 billion, people familiar with the matter said. The operation manages benefits for about 15% of the US […]
Oculus Gloves, a new way to bring your hands in Virtual and Augmented Reality. Facebook CEO Mark Zuckerberg is showing off a new way to interact with the Oculus Rift headset: an Oculus glove. He […]
Banco de Mexico has increased borrowing costs by 50 basis points, to 6.25%, more than double the December 2015 figure. The Trump administration’s aggressive stance and the end of government fuel subsidies are thought to […]
Talks are underway between Alibaba’s financing arm, Ant Financial, and bankers that could lead to borrowing more than $3 billion for an international expansion, according to technology website The Information. Ant also plans an initial […]
In a bid to encourage financial technology startups, the French central bank has launched a blockchain innovation lab. It mentioned that the technology’s potential needs to be explored and developed. Banque de France has attracted more […]
Goldman Sachs Investment Partners (GSIP), which opened in 2008 with one of the biggest launches in hedge fund history, is folding its London operations into the United States. Goldman Sachs started shifting staff members to […]
Japan’s main producer price benchmark, the corporate goods index, posted a 0.5% gain in January, the first increase in 22 months, the Bank of Japan said. The cost of petroleum and coal products spiked 22.3% […]
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