News 

World Bank shareholders back $13 billion capital increase

“Its commercial-terms lender, the International Finance Corp, will get $5.5 billion paid-in capital, and IBRD also will get a $52.6 billion increase in callable capital” writes unknown author for cnbc.com. The World Bank’s shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China’s shareholding but bring lending reforms that will raise borrowing costs for higher-middle-income countries, including China.The hard-fought capital hike, initially resisted by the Trump administration, will add $7.5 billion paid-in capital for the World Bank’s main concessional lending arm, the International Bank for Reconstruction…

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Alt Lending, Cybersecurity, Logistics Lead In $205 Million Week For B2B Funding

“The company provides cybersecurity solutions for ERP and enterprise applications like SAP and Oracle Financials” reports pymnts.com. U.S.-based logistics startup project44 announced $35 million in Series A funding this week for its logistics solution.A $1.25 million Series A-2 funding round will help DimensionalMechanics expand its B2B service that links the enterprise to artificial intelligence development tools.Alternative finance, cybersecurity and logistics providers landed the majority of the more than $205 million in funding placed for B2B startups in venture capital and debt.The company provides cybersecurity solutions to businesses. Source: pymnts.com Share This:

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Crypto News 

Venture Capital Backers of Cryptocurrency Companies…

“Digital currency companies and their Silicon Valley backers are seeking a broad oversight exemption from the U.S. Securities and Exchange Commission (SEC), claiming it would slow digital coin growth” writes Rebecca Campbell for livebitcoinnews.com. It claimed that the mechanism for trading assets meets the definition of a ‘security’ under the federal securities laws. Source: livebitcoinnews.com Share This:

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Futures News Oil 

China could do one thing to help internationalize the yuan — but it probably won’t

“Rather than act a kick-starter, therefore, RMB oil futures look to be a non-starter” writes Benn Steil for businessinsider.com. So for the time being, at least, expect more capital markets window-dressing—like RMB oil futures.What could China do to boost global RMB use, then?.  Source: businessinsider.com Share This:

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Venture capital firm Fort Ross aims to bring more U.S. startups to Russia

“Fort Ross Ventures announced its new venture fund on Thursday” writes Midwest Communications Inc for 95kqds.com. In 2017, a year after Fort Ross’s investment, Uber agreed to sell its operations to the local competitor, Yandex. SAN FRANCISCO (Reuters) – A venture capital firm aiming to bring more U.S. startups to Russia has raised a $200 million fund, hoping to use the fresh pool of money to help Silicon Valley companies deliver their services to Russia’s biggest corporations and its millions of internet-connected consumers.Fort Ross has offices in Silicon Valley, Israel…

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Cleveland Hopkins airport seeks fee increase on off-site parking, hotel shuttles to fund…

“The money will be used to fund a list of short-term capital improvements at the airport” writes The Plain Dealer for cleveland.com. CLEVELAND, Ohio – Cleveland Hopkins plans to assess a new $4, per-trip fee on off-site parking and hotel shuttles to fund a range of capital projects at the airport, including improvements to the Ground Transportation Center and an expansion of the new baggage screening system.A new $2 per day, on-site airport parking increase, which goes into effect May 1, will raise another $3 million.In addition to the fee…

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How Latin America Was Built,

“By 1900, shutterbugs in these Latin American capitals were snapping plush urban parks in Buenos Aires and Mexico City, spaces of leisure for the new bourgeoisie” writes Jason Farago for nytimes.com. Eventually a new generation of Latin American architects and urban designers, less hung up on European models, would transform these capitals once again. Source: nytimes.com Share This:

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News Stocks 

Goldman and Morgan Stanley Investors Fret Over Capital Returns

“While and both beat earnings expectations easily in the first quarter, investors found some new things to worry about” writes Liz Hoffman for wsj.com. On Tuesday, Goldman said it wouldn’t repurchase any stock in the second quarter and would instead use its cash to fund growth initiatives like consumer banking and corporate lending. Source: wsj.com Share This:

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CFTC goes after ex-convict over proprietary Forex trading fraud

“In oral and written communications with prospective traders, Salerno made numerous fraudulent misrepresentations and omissions” reports financefeeds.com. The CFTC estimates that Salerno hired no less than at least 150 prospective traders to work at the Black Diamond Entities.Thus, for instance, he claimed that he would match the prospective trader risk capital deposit with a multiple of (usually 10 times) the prospective trader’s risk capital deposit and place the combined funds in a live proprietary forex trading account set up for the prospective trader. Source: financefeeds.com Share This:

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