The European Commission is getting ready to spend up to €350,000 on examining whether internet-based fintech startups pose a threat to the stability of traditional banks and other financial firms. Growing investment in fintech “can […]
Stocks on the top three US indexes took a dive at the open this morning after word came from the president of the Federal Reserve Bank of San Francisco that an interest-rate increase could be […]
By the end of this year, China’s retail sales will exceed sales in the US, making it the world’s biggest retail market, according to data from researcher eMarketer. China’s retail spending is forecast to reach […]
The volume of corporate debt maturing from developing nations will spike 40%, to $340 billion, over the next three years, the Bank for International Settlements reports. The situation is creating a potential default risk, the […]
A federal judge has determined that a proposed $100 million settlement between Uber and its drivers is “not fair, adequate, and reasonable.” The class-action suit argued that Uber should classify its drivers as employees, and […]
The value of stock buyback announcements from U.S. companies slowed to its lowest level in four years, TrimTabs Investment Research said on Tuesday, potentially undercutting one of the main drivers of the current bull market. […]
Blackstone Group said this week it is looking to move into the nontraded REIT market with a $5 billion fund. The announcement follows rule changes in the industry aimed at increasing transparency for nontraded REITs. […]
Chinese housing prices rose 7.9% year on year in July, recording the fastest increase since February 2014. Home prices in Shenzhen and Xiamen soared the most, up around 40% each. Separately, Moody’s raised its forecasts […]
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