News 

An upcoming fintech IPO is set to be 2017’s largest Chinese listing in the US

“Online micro-lending company Qudian is about to go public at the New York Stock Exchange on Wednesday, and it’s set to be one of the largest U.S.-listed floats by a Chinese company this year” writes Saheli Roy Choudhury for cnbc.com. That gave Qudian a market value of as much as $7.9 billion, according to Reuters, which said that would make it the largest U.S.-listing by a Chinese company this year.Loans are almost instantly approved, Qudian claimed in a corporate video, because it uses data analytics to assess prospective borrowers.In the…

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GBP News Reviews 

GBP Daily Review October 18, 2017

GBP Daily Review for October 18, 2017 British Pound May Rise on UK CPI, Carney Commentary The British Pound may rise as UK CPI data shows inflation continues to accelerate while testimony from BOE Governor Carney and two new MPC officials   GBP/USD Underpinned as UK Inflation Hits 3% GBP/USD remains firm as UK inflation hits a five-and-a-half year high, adding pressure on the Bank of England to raise interest rates at its next   Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 14 Sep 17,…

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News 

Trump just made a huge move that could blow up Obamacare

“Some health-policy experts have said that without the payments, the individual insurance exchanges could be devastated as insurers leave and premiums skyrocket” writes Bob Bryan for businessinsider.sg. After multiple failures by Republicans to pass legislation to overhaul the US healthcare system, Trump has pursued measures to undermine the stability of the ACA, the landmark healthcare law also known as Obamacare.The Trump administration has kicked the can down the road on the appeal and appropriated the payments on a monthly basis, attempting to use them as leverage in multiple negotiations with…

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News 

Rio Tinto and its former CEO Tom Albanese have been charged with fraud

“Rio Tinto plc, Rio Tinto Limited, Albanese, and Elliott are charged with violating the antifraud, reporting, books and records and internal controls provisions of the federal securities laws” writes Chris Pash for businessinsider.com. Rio Tinto, the world’s second largest mining company behind BHP, faces permanent injunctions, return of allegedly “ill-gotten gains” plus interest, and civil penalties. Source: businessinsider.com Share This:

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Markets News Stocks 

An obscure company is ground zero for the biggest debate in the stock market

“Credit Suisse analyst Victor Lin is also skeptical of the argument that passive ownership is depriving the stock market of actionable opportunities” writes Joe Ciolli for businessinsider.com. You may not have heard of Meredith Corporation, but its shareholder list highlights a tug-of-war in the stock market.While it’s difficult to tell which side will ultimately prove to be right, many point toward a future stock market downturn as a potential catalyzing event.In fact, Meredith has the second-biggest chunk of passive ownership out of all US companies, Credit Suisse finds.A little known…

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News 

The Future of Community Choice Energy in Santa Barbara

“Community Choice Energy nonprofits claim to offer renewable energy prices that are competitive with what people are currently paying for their power” writes Please Enter Your for ucsb.edu. It’s great for the community and the environment.” Despite the results of a study that deems Community Choice Energy economically impractical in Santa Barbara County, its proponents argue that CCE would create jobs and allow consumers to choose greener energy.Marin County doesn’t seem to be an outlier in experiencing economic viability with CCE. Sonoma County, another early community choice energy implementer, has…

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News 

Cowboys RB Ezekiel Elliott eligible to play after latest court ruling

“U.S. District Judge Paul Crotty on Tuesday granted a temporary restraining order preventing the NFL from enforcing its six-game suspension against the running back” reports sportingnews.com. NFL Players Association lawyers representing Elliott filed the motion for a temporary restraining order in U.S. District Court before the 5th Circuit upheld Elliott’s suspension, which indicated the NFLPA was anticipating that ruling. Source: sportingnews.com Share This:

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News 

BHP works on exiting U.S. oil-and-gas assets

“After months of campaigning by the New York hedge fund, BHP in August said it had determined its U.S. onshore oil-and-gas acreage weren’t core and would in time be sold” writes Robb M for marketwatch.com. MELBOURNE, Australia–BHP Billiton Ltd. (BHP.AU) said work is underway to exit its U.S. onshore oil-and-gas assets, after it sold a small portion of its Hawkville shale acreage in Texas in the recent quarter.As expected, the Australian resources company increased the number of drill rigs operating in the U.S. in a quarter where onshore volumes continued…

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