Foreign investors apparently found what they were looking for in the U.S. last year as there are no borders when it comes to the hunt for yield. Foreigners rushed to “buy American” in the U.S. corporate debt market in 2016… Read More ›
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With The Aim To Invest In Digital Currency, New Global Fund To Raise $300 Million
As fund managers and investors seek to tap growing demand for virtual assets that allow for instant, borderless transactions, Alphabit, a global fund that invests in digital currencies, has been launched with a target of $300 million. The co-founder of… Read More ›
France outpaces Germany as euro zone business activity reaches new six-year high
Riding on strong demand and increasing business prospects, new data showed on Friday that business activity in the euro area hit a fresh six-year high in April. Compared to 56.4 in March, the flash euro zone composite PMI (purchasing managers’… Read More ›
In French Presidential Campaign, US Eyes Russian Meddling
Saying that the tactics being used are similar to those deployed in the 2016 U.S. presidential election, U.S. officials are warning of Russian interference in the hotly contested race as voters in France prepare for their presidential election Sunday. Russian… Read More ›
Companies Plot Their Plan B As Uncertainty Looms over French Presidential Elections
Amid the growing prospect that Marine Le Pen or Jean-Luc Melenchon could win the presidency on platforms of raising trade barriers and potentially exiting the euro currency bloc, French companies are stealthily preparing for the worst. In the case of a… Read More ›
For Bidding For Aramco IPO, China Gathers State-Led Consortium: Reuters
In order to act as a cornerstone investor in the initial public offering of Saudi Aramco, China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, reported Reuters citing people with knowledge of the… Read More ›
SATS CEO Says Not Competitive, Technology And Humans Can Be Complementary
There are rising fears across the globe that many jobs could soon be displaced by machines even as there are advancements being made in the field of robotics which have catalyzed such fears. But Alex Hungate, president and CEO of… Read More ›
Some Brands Are Still Sticking To Analogue Ads, While The Advertising World Goes Digital
Some brands are staying in an analogue world even as the rest of the world goes digital. Some companies are preferring to stick with traditional print ads but according to the figures form MAGNA, businesses are expected to spend nearly… Read More ›
Egypt’s Growing Supply Of Cheap Debt Being Lapped Up By Foreigners
The yields have been kept among the highest in emerging markets by a flood of new issuance which is offsetting foreign-investor demand for Egyptian debt. According to Finance Ministry data from Egypt, compared with less than 1 billion pounds before… Read More ›
Cisco’s CEO joins BlackRock’s board
The move underscores BlackRock’s drive towards technologically backed investment decisions. The world’s largest asset manager, BlackRock Inc, has disclosed that Chuck Robbins, Cisco Systems Inc’s Chief Executive has been nominated to serve on its board of directors. In its statement… Read More ›
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