Biggest Cryptocurrency Scam Seen In South Africa?
AfriCrypt claimed it was a target of hacker before its founders disappeared while later investigation found that “the firm laundered its holdings in the form of Bitcoin”.
Finance
Ford To Update Its Profit Forecast
Earlier Ford stated that its “operating profit” could take a beating and get “reduced by $1 billion to $2.5 billion”.
The Rodin Museum and its Bronzes
Like all cultural institutions, the Rodin Museum in Paris is struggling with Covid-19’s repercussions. But the museum has a unique asset enabling it to weather the storm: its status as the rightful owner of Rodin’s works.
France Suspends Morgan Stanley From Bond Deals
For three months Morgan Stanley has been barred from participating in bond deals informed the AFT.
Saudi Arabia Transfers ‘$40 Billion’ To PIF
Saudi Arabia’s sovereign wealth fund tapped $40 billion from foreign reserves to fund overseas investments.
Britain prepared to offer path to citizenship to 3M Hong Kong residents
Britain would extend the rights of 350,000 ‘British National Overseas’ passport holders.
Morgan Stanley’s 2020 Compensation Plan To Affect 50% Advisers
Morgan Stanley’s altered payout grid pushes advisers in the lower rung to work harder in 2020 to earn the same amount as they did in 2019.
New ‘Shipping Finance’ Chairman Of Citigroup To Take Forward ‘Poseidon Principles’
Citigroup’s planned transition turns its focus on environmental commitments.
Global Economy Shrouded In ‘High Degree of Uncertainty’: BoJ Governor Ahead of G20 Meet
Downside risks gaping wide as Brexit worries, trade wars, currency depreciation engulf the economy across the globe.
After posting positive results, Casino group to expand services
The financial results which were revealed on March 14th were not the only good news for French Casino, the retail group headed by Jean-Charles Naouri. They confirmed to the Group as well as the markets that the investment choices made in the past 18 months were relevant, and clearly indicate the way ahead for the French giant. Amongst the new offers, Casino intends to considerably develop the services offered, in order to adapt to the market mutations.
Bitcoin Mining Worsens Global Warming Effect
New study shows that crypto-currency mining could hasten global warming.
Greece Proceeds With Two Plans To Deal With Bad Loans
Greece is preparing parallely on asset protection scheme for cutting down on the pile “sour loans”.
Business Lobbies in Turkey Reveal Stricter Policies Aimed At Lira Stabilisation
Disputes will be solved diplomatically, informs the TUSIAD & TOBB Union of Chambers and Commodity Exchanges.
Fiscal Reform To Be Part of Italy’s Next Budget, Informs Economic Minister of Italy
An introduction for the fiscal reformation is planned by the government of Italy as promised to the EU regarding the country’s “public finances”.
Comcast Renews Bids For Sky At ‘$31 Billion’ In A Lock Horn Battle With Fox
Comcast hasn’t given up on its attempt of taking over Sky, in spite an “already agreed” bid between Sky and Fox.
BMW & Dailmer In A Joint New Venture To Compete With Uber & Didi Chuxing
The CFO of Daimler breaks the news that two carmakers of luxury brands of Germany are coming together to create a new division eyeing a place as a global player in the sector.
Amigo Gears Up For London Stock Market Float
JP Morgan & RBC gets appointed for examining the potential ‘500 million pounds” London IPO.
The U.K.’s Health Sector To Integrate Israeli ‘Digital Health’ Technology
The U.K.–Israeli collaboration of “digital health technology” stands at the “threshold of a healthcare revolution”.
Workers & Business Organisations Of Small Scale Affected By Carillion Liquidation To Receive Financial Help From British Business Bank
BEIS reports about an additional package to ease the financial difficulties of the Carillion collapse victims.
ECB Needs ‘Broader Recalibration’ Beyond ‘QE’: Hansson
The maturing debt could be better invested at ECB thinks Hansson.
Euro Rising ‘Much Over 1.20’ Could Drown The Fragile Economic Condition Of Euro-Zone Under ‘Large Foreign Debt’
The expectation of ECB monetary policy change is fuelling present euro rise, at the same time feeding a hovering danger on the economy.
Egypt Pre-Registers Around ‘300’ Users Before Its First ‘Bitcoin Exchange’ Launch
Even though, bitcoin is not considered as “legal money in Egypt”, the Bitcoin Egypt’s Founders hopefully wait for some governmental regulations.
France Makes A Late But Promising Entry In The Race To Win Brexit Businesses
France makes an attempt to dispel its image “as a country of high taxes and strict labor laws”.
Human Advisors’ Practice Meets With A ‘Surprising Shift’ In The Finance Sector
A hybrid of human-automation to provide new service of financial advise at Charles Schwab.
Following Brexit Relocation Of Key Functions Alone Will Enable ECB Access To British Banks
ECB will not “authorize empty shells”.
Global Economy Leaders Show Support For Taxation In G20 Meet
Cooperation will be the underlying key in executing all the “jointly agreed steps” by G20 leaders.
Ford Expects A Drop In Its Next Year’s Financial Performance
2017 may not be as shining for Ford’s financial activities in comparison to 2016.
SolarCity Collects ‘$305 Million’ To Fund Its Solar Panel Installation
Funds are available for SolarCity to carry on its “solar projects”.
The evolution of jobs in corporate finance: towards a better finance?
The upheavals in the financial world since the 2008 depression have increased the importance of the role of financial advisors. With uncertainty still prevalent in the market, business activities like merger and acquisitions for example are being undertaken with greater caution. A careful introspection of possible investments is critical in retaining and growing wealth.
Glencore Signs A New Finance Facility
Ahead of the expiring date of the current facility, Glencore signed a new credit facility.
RRR Fund Release Enable Volkswagen To Boost Its Car Sales Through Financing
The loosened up fund from the Chinese RRR will be optimized by Volkswagen which seeks to increase its sales.
