Trading News

Regulators in UK and US Create a ‘Bridge’ for Derivatives

By Evan Vaughn February 27, 2019

The United Kingdom and the United States entered in an agreement on Monday for a long-term pact to ensure that the $2 trillion a day transatlantic derivatives market remains uninterrupted by Brexit. The transactions in London and New York account for 80% of all global off-exchange trade contracts. Derivatives are extensively utilized by companies to […]Continue Reading

Trading News

Asian Stocks sore high, Nifty and Sensex also rise due to progressive trade talks between US and China

By Adrian Todaro February 26, 2019

As soon as US President Donald Trump announced that the trade talks were progressive and are ready to the extent the tariff hike on Chinese goods, the Indian shares reached another high level along with Asian stocks. When the news arrived about the trade talks between Beijing and Washington has achieved substantial progress during the […]Continue Reading

Company News

Uber to Sell $330 Million Food Delivery Business in India to Swiggy

By Sarah Lavallee February 23, 2019

Swiggy is reportedly closing on a deal to acquire Uber Eats, the food delivery arm of online cab booking company Uber. The business was launched in January 2017 and is currently worth over $330 million. At the time of launch, Uber India had high hopes from Uber Eats, however stiff competition from established giants like […]Continue Reading

Trading News

Chinese Computer Maker Lenovo posts Robust Quarterly Profits amid Trade Tensions

By Norma Stanley February 21, 2019

The world’s biggest manufacturer of computers, Lenovo Group, shrugged off the United China-China trade tensions to post a handsome profit in its quarterly results. The Chinese companies results beat the estimates of analysts, and this is an important development since many would have expected the computer maker’s results to be disappointing due to the trade […]Continue Reading

Company News

Dutch payments platform, Adyen launches a new open banking alternative to card transactions

By Teresa Taylor February 21, 2019

With the recent enactment of EU’s Payment Service Directive (P2D2) requirement for banks to create APIs that let third parties initiate payments on behalf of consumers. Adyen has become an early adapter to this by introducing a new open banking payments method that will enable authentication of payments between the consumer and the bank avoiding […]Continue Reading

Company News

Air France and KLM put an end to the long power struggle, agree to have closer integration

By Evan Vaughn February 21, 2019

Air France and KLM have to manage to agree on strengthening ties between the airlines, putting an end to a power struggle that had been bothering the Dutch government, staff, and shareholders. In the process, Air France has secured a salary agreement with pilots after an elongated protest which saw them college strike last year, […]Continue Reading

Trading News

HSBC misses on earnings expectations for 2018, blames US-China trade war and slowdown in the UK

By Katherine Miller February 21, 2019

Declaring the annual financial report card for 2018, HSBC on Tuesday admitted falling short of expectations on several fronts, following a challenging fourth quarter. Markets across the globe experienced sharp falls in business activity during the last quarter. Europe’s largest bank’s reported pre-tax profits for 2018 stood at $19.89 billion, a 15.9% jump from the […]Continue Reading

Company News

CEO of Nordea Bank Predicts Turnaround

By Sarah Lavallee February 20, 2019

The Chief Executive Officer of Nordea Bank Abp Casper von Koskull has called on the critics of Finland based back to show patience and added that bank is well on its way to staging a turnaround in the fiscal year 2020. Nordea Bank has been in doldrums for some time, and in recent years, the […]Continue Reading

News

Household Income Outlook Index Plunges to 11-Month Low in UK

By Norma Stanley February 20, 2019

The uncertainty surrounding Brexit and a gloomy job outlook have plunged the household income outlook index in the United Kingdom to an 11-month low. The IHS Markit’s Household Finance Index tracks the sentiments of people regarding their income expectations, and it is indicative that the index has plunged to its 11-month low just as the […]Continue Reading

Company News

Apple’s former insider trading lawyer charged with insider trading

By Sarah Lavallee February 17, 2019

Apple’s former lawyer was charged by the U.S. Department of Justice for insider trading ahead of six of the iPhone maker’s quarterly earnings this Wednesday Reports say Gene Levoff exploited his position as corporate secretary, head of corporate law and co-chairman of a committee that reviewed draft copies of Apple’s financial results to trade illegally […]Continue Reading