News 

Why free-market economists aren’t impressed with Trump’s deregulation efforts

“Along with tax cuts, deregulation is one of the signature policies of the Trump administration” writes Scott Sumner for marketwatch.com. Attorney General Jeff Sessions reversed Obama administration policy and began adopting a stricter stance against marijuana legalization in the states.The Trump administration seems intent on freeing up banks to take greater risks, without first removing the federal policies that already encourage excessive risk taking.While the Trump administration likes to say it is cutting regulations, the truth is that the number of regulations has continued to increase.The Trump administration has not…

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Markets News 

It’s foolish for investors to try to time the next recession — here’s a surefire 3-part strategy UBS says can thrive in any environment

“When investors look back on 2018, they’ll likely think of it as the year where there was nowhere to hide” writes Joe Ciolli for businessinsider.com. Michael Crook, the head of Americas investment strategy at UBS, could see stock performance going either way.”A liquidity strategy helps separate spending needs from portfolio volatility, and provides ballast to make it through bear markets,” he said.This L is intended to make sure an investor has enough assets and resources to use for the rest of his/her life. Source: businessinsider.com Share This:

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Crypto News 

Bitcoin Payment Processor Closes Seed Investment Round Backed by Tim Draper

“Bitcoin (BTC) payment processor OpenNode has completed a seed investment round with investment from American venture capitalist Tim Draper, according to an announcement on Dec. 18” writes Ana Alexandre for cointelegraph.com. Per the announcement, OpenNode has raised funds from Draper and early stage venture capital firm Draper Associates.”If we combine Bitcoin, blockchain with smart contracts and artificial intelligence, we could create the perfect bureaucracy,” he said.Yesterday Cointelegraph also reported about the launch of Tagomi Holdings Inc., an electronic brokerage startup backed by PayPal co-founder Peter Thiel’s venture capital firm Founders…

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News 

‘Investment making a necessity for railway sector’

“TEHRAN- Managing Director of Islamic Republic of Iran Railways (known as RAI) Saeed Mohammadzadeh said that development in the railway sector of the country is in need of large investment makings, IRNA reported” reports tehrantimes.com. Making the remarks in a ceremony held at the place of RAI on Tuesday to celebrate the National Transportation Week that was participated by the Transport Minister Mohammad Eslami, the official underscored that the Sixth Five-Year National Development Plan (2016-2021) has seriously stressed development of railways. As Mohammadzadeh said on October, some €20 billion is…

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Markets News 

One of Canada’s largest investment banks wants a piece of the $194 billion marijuana industry

“The Canadian banks are competing for a slice of an industry that BMO estimates could hit $194 billion globally” writes Jeremy Berke for businessinsider.com. RBC’s entrance into the industry is a sign that bigger investment banks, once reticent, are becoming increasingly comfortable with cannabis deals.The Royal Bank of Canada’s investment banking arm will begin advising marijuana companies on takeovers and stock sales, encroaching on territory that has recently been dominated by smaller investment banks like Canaccord Genuity.One of Canada’s largest banks is moving into marijuana dealmaking. Source: businessinsider.com Share This:

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News Regulators Stocks 

Gold near 1-week high, underpinned by a weaker dollar as Fed update on tap

“The Fed will be joined by the Bank of Japan and the Bank of England in offering policy updates this week” writes Rachel Koning Beals for marketwatch.com. Gold was pinned near roughly one-week highs early Tuesday, its action limited, however, as a leading dollar index slipped but stocks looked headed for a tepid recovery.Stock weakness can support gold, but gold’s haven popularity has been subdued for the most part so far in December.A weaker U.S. unit typically boosts demand for commodities priced in dollars as it makes them less expensive…

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GBP News 

UK economy set for slowest growth since 2009 as Brexit nears – BCC

“British economic growth this year and in 2019 looks set to be the weakest since the country’s last recession, due to a freeze in business investment and weak consumer demand ahead of Brexit, the British Chambers of Commerce forecast on Tuesday” writes Hannah Mckay for cnbc.com. The number of houses being sold was likely to fall around 5 percent next year, RICS added.The BCC said sterling’s weakness against the dollar and the euro was likely to continue to drive inflation, eating into consumers’ disposable income, while business investment was due…

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News 

21 deals worth $22.8bn signed during Cairo’s IATF

“The 2018 IATF Conference is taking place in parallel to the trade fair” writes Daily News Egypt for dailynewsegypt.com. Afreximbank also agreed on the Nigeria-Africa Trade and Investment Promotion Programme worth $1bn, and the CDC’s $100m Master Risk Participation Facility, as well as the Trade Confirmation Guarantee Programmes with Access Bank UK, worth $333m.Moreover, Afreximbank signed several memorandums of understanding (MoUs) with the Nigerian federal ministry of industry, trade, and investment to jointly develop the industrial park and the special economic zones in Nigeria for $1.235bn.The IATF, organised by Afreximbank…

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Crypto News 

Italy: Securities Regulator Suspends Two Crypto Firms for Alleged Scam Investment Schemes

“The Italian securities regulator has suspended two projects for allegedly offering fraudulent crypto investment schemes” writes Helen Partz for cointelegraph.com. In mid-November, the CONSOB also sent cease-and-desists to three crypto-related firms for the alleged offering of unapproved investment services.Both firms suspended by the CONSOB — Bitsurge Token and Green Energy Certificates — are allegedly scam projects from Avalon Life, a company that is not based in the European Union.The alleged scam intended to provide a 6 percent reward on the sum of crypto investments in forest areas — such as…

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