News 

Warburg Pincus raises $2.3 billion for new financial services fund

“U.S. private-equity firm Warburg Pincus said on Monday it has raised $2.3 billion for a new financial services fund, ahead of its target of $1.6 billion” writes Jin Lee for cnbc.com. Warburg Pincus Financial Sector, a companion fund to its $13.4 billion Warburg Pincus XII, was launched in June.”This new fund, in conjunction with our main, global fund, will enable us to invest behind both secular and cyclical trends that are driving the growth in the financial services sector, including increasing financial penetration in emerging markets; technology enablement; financial services…

Read More
AUD Futures News Stocks 

Financials drive gains in Japan, Australia on investor optimism over U.S. tax plan

“Financial stocks drove gains in Japan and Australia on Monday as investors reacted to prospects of a completed tax bill getting through Congress this week” writes Kenan Machado for marketwatch.com. The Nikkei NIK, +1.55%  closed up 1.6%, aided by 2% gains for some major financial stocks.It was recently around $18,952, versus $19,500 just before futures trading started.Stocks in much of the rest of Asia Pacific were little changed, though Hong Kong’s Hang Seng HSI, +0.70%  as up 0.4% amid support from financial stocks there as well.Bitcoin was again in focus,…

Read More
News 

Thales Makes Cash Bid That Values Gemalto at $5.42 Billion

“Gemalto rejected the bid from IT services provider Atos, saying it “significantly” undervalued the company” writes Marie Mawad for bloomberg.com. Gemalto’s board unanimously backs an offer of 51 euros a share from Thales, the companies said in a joint statement on Sunday.Thales SA, a French aerospace and electronics manufacturer, made an all-cash takeover bid for Gemalto NV as it battles France’s Atos SE for the Dutch maker of cybersecurity software.Thales, based near Paris, said it seeks to buy 93.4 million shares, valuing the bid at 4.76 billion euros ($5.6 billion). Source: bloomberg.com…

Read More
News 

Trump to accuse China of ‘economic aggression’: Financial Times

“President Donald Trump will accuse China, America’s largest trade partner, of “economic aggression” when his administration rolls out its national security strategy on Monday, according to a report by the Financial Times” writes unknown author for cnbc.com. “The national security strategy is likely to define China as a competitor in every realm,” the person said.Since taking office, Trump has said he doesn’t blame Beijing for the U.S. trade deficit with China, and he has declined to label China a currency manipulator.Trump said ‘fine, do something on North Korea and on…

Read More
Crypto News Regulators 

Janet Yellen says bitcoin is a highly speculative asset — but the Fed played a key role in its rise

“She said bitcoin ” is a highly speculative asset” that “at this time plays a very small role in the payment system.”” writes Pedro Nicolaci Da for businessinsider.com. Yet for better or worse, the Federal Reserve has played an important, two-part role in the emergence of the bitcoin phenomenon.If you have a million bucks in bitcoin trying to do it in an exchange you’re going to crash the price,” Chorzempa said.”It looks less like a currency every day because the price is just skyrocketing like a speculative asset,” he told…

Read More
Crypto News Platforms 

France Allows Trading of Unlisted Securities on Blockchain Platforms

“In its advent to become a FinTech hub, the French government has given the nod for trading unlisted securities using blockchain technology under new rules” writes unknown author for cryptocoinsnews.com. According to a Reuters report, the government of France – through its Economic and Finance department – has issued new rules enabling banks and FinTech firms to trade unlisted securities using blockchain platforms.In related news, the Banque de France, the country’s central bank, revealed its first experiment using blockchain technology with a focus on cross-border payments within the Single Euro…

Read More
Crypto News Platforms 

EU agrees on rules to prevent money laundering and terrorism financing using cryptocurrencies by banning anonymous pre-paid card transactions on platforms, more

“BRUSSELS (Reuters) – European Union states and legislators agreed on Friday on stricter rules to prevent money laundering and terrorism financing on exchange platforms for bitcoin and other virtual currencies, the EU said in a statement” writes Min Read for reuters.com. The agreement is part of a broader set of measures to tackle financial crimes and tax evasion. The increased public scrutiny is considered essential by the EU commission and also by rights groups, to prevent financial crimes and tax evasion. Source: reuters.com Share This:

Read More
Crypto Futures Markets News 

Bitcoin hits new record high as warnings grow louder

“But outside of the crypto market, worries continue to grow about the amount of money piling into the space” reports foxbusiness.com. While bitcoin has added another fifth to its value since Monday, trading has been slightly calmer than the wild price swings the market has seen in recent weeks, with volatility lower since the launch of bitcoin futures from Cboe Global Markets on Sunday. Source: foxbusiness.com Share This:

Read More
News 

How investing in solar energy can create a brighter future for Africa

“Basically, you are lending money to businesses that sell small solar systems to families throughout sub-Saharan Africa” writes Rupert Jones for theguardian.com. Energise Africa is a new ethical investment scheme which aims to raise £20m to provide a brighter future for more than 110,000 families and small businesses in sub-Saharan Africa over the next three years.It is offering 15% interest a year, with the capital and interest paid at maturity in December 2019.The firm is looking to raise up to £4.375m via a two-year investment available via the ethical investment…

Read More
Crypto News Platforms 

EU Bitcoin Clampdown…

“BRUSSELS (Reuters) – European Union states and legislators agreed on Friday on stricter rules to prevent money laundering and terrorism financing on exchange platforms for bitcoin and other virtual currencies, the EU said in a statement” writes Min Read for reuters.com. The agreement is part of a broader set of measures to tackle financial crimes and tax evasion. The increased public scrutiny is considered essential by the EU commission and also by rights groups, to prevent financial crimes and tax evasion. Source: reuters.com Share This:

Read More