Markets News 

Here are the benefits and challenges of working in China’s growing tech scene

“And hopefully, with a steadily rising tech industry and a more open attitude, we may be able to see a more international, intercultural, and vigorous Chinese tech market” reports businessinsider.com. Its well-established IT infrastructure and active venture capital market also contribute to a favorable environment for tech startups.Mettl, an Indian SaaS startup operating in more than eighty countries, tried to enter the Chinese market.China, India, and Southeast Asia have all shown their great ambition as well as fast growing competence in the tech industry. Source: businessinsider.com Share This:

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Markets News Oil 

Oil market trends are setting the foundation for higher crude prices, Schlumberger says

“Oil prices are poised to rise as a number of positive trends take shape in the market, which is now balanced after years of oversupply, according to Schlumberger, the world’s largest publicly traded oilfield services company” writes Tom Dichristopher for cnbc.com. Schlumberger Chairman and CEO Paal Kibsgaard sounded the positive note after his company announced its third-quarter earnings rose by 65 percent, excluding charges related to a major acquisition.The company also saw quarterly revenue jump 13 percent year over year, driven by strong growth in the U.S. shale oil patch,…

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Futures Markets News Stocks 

Global stocks get modest boost from US tax hopes

“U.S. shares were poised for a solid opening with Dow futures and the broader S&P futures up 0.2 percent” reports foxbusiness.com. World stock markets pushed higher Friday after the passing of a budget resolution in the U.S. Senate stoked hopes that President Donald Trump’s tax reform package will be enacted.The FTSE 100 index of leading British shares was 0.3 percent higher at 7,542.US TAX PLAN: The Senate on Thursday narrowly approved the budget plan, methodically working through a pack of amendments and rebuffing Democrats’ successive attempts to reshape the blueprint…

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News 

CIA director: North Korea ‘months’ away from capability to nuke US

“North Korea could acquire the ability to deliver a nuclear weapon to the United States within “months,” a top American spy official said Thursday” writes Joel Gehrke for businessinsider.com. Pompeo’s artful assessment didn’t disguise the urgency of the North Korea nuclear threat, as he allowed that “intelligence is imperfect” but emphasized that every nuclear weapon or ballistic missile test heightens the danger posed by the regime. Source: businessinsider.com Share This:

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Brokers News 

Global Brokerage steps up efforts to have “mega lawsuit” dismissed

“Global Brokerage Inc (NASDAQ:GLBR) has stepped its efforts to have a consolidated securities class action brought against it by former investors dismissed” reports financefeeds.com. The “mega lawsuit” names Global Brokerage, formerly known as FXCM Inc, and 17 individuals, including directors and senior employees at the brokerage accounting department, as defendants.Underlining their efforts to vigorously defend themselves in this action, the defendants are now requesting an oral argument on the motion to strike and dismiss the consolidated securities class action complaint.According to the defendants, the Services Agreement was a pay-for-flow agreement based…

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News Oil 

OPEC chief says global oil demand will pass 100 million barrels per day by 2020

“We expect global oil demand to surpass 100 million barrels per day by 2020,” Barkindo told the audience of oil industry leaders” writes Aron M for cnbc.com. This figure is far above the oil producing group’s forecast for 2017 in which global oil demand is expected to be around 96.8 million barrels per day.This strengthening in global oil demand meant that there was “no peak demand for the considerable future,” Barkindo said.Speaking at the Oil & Money conference in London, Barkindo said confident prices would rise and global oil demand…

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Markets News Platforms 

First global art provenance platform ARTEX initiated a crowdsale

“ARTEX offers reliable and convenient platform for art market with fraud-proof provenance and transactions, copyright protection and beneficial community for experts, artists and market facilities” reports newsbtc.com. October 18, 2017 – ARTEX, the world’s first decentralized provenance platform, announces the start of a token presale campaign. Source: newsbtc.com Share This:

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