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Twitter upgraded after shares lose a third of their value from June high

“Monthly active user patterns have been harder to estimate with ongoing efforts to clean up the platform,” Kelley wrote” writes unknown author for cnbc.com. Wall Street’s expectations for Twitter have been appropriately reset as evidenced by the recent nosedive in the company’s stock, according to Nomura Instinet, which upgraded shares to neutral from reduce on Tuesday.”We see several key positives underway but also some unanswered questions that need to be examined as the company moves forward,” he added. Despite Twitter’s efforts to purge fake accounts from the site to improve…

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News 

U.S. top court rejects Nomura and RBS appeal in mortgage-backed securities case

“The lawsuit was one of 18 brought by the FHFA that year over some $200 billion in mortgage-backed securities that banks sold Fannie Mae and Freddie Mac” writes Midwest Communications Inc for 95kqds.com. The banks later agreed to pay another $33 million for costs and attorneys’ fees, subject to the outcome of their appeal.Following a non-jury trial, U.S. District Judge Denise Cote ruled in 2015 against Nomura, which sponsored $2 billion of securities sold to Fannie and Freddie, and RBS, which underwrote four of the deals. Source: 95kqds.com Share This:

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Nomura: Japanese Investors Bullish on the Dollar and Domestic Equities

“The bullish sentiment of the survey participants with regard to the US dollar could be viewed as somewhat surprising” reports financemagnates.com. Despite their bullish view of the dollar, investors were still extremely keen on Japanese equities as a source of investment.The results show that approximately 41 percent of survey participants chose the dollar as the most appealing currency to invest in. Source: financemagnates.com Share This:

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Nomura files application for securities company in China

“The financial services giant said it applied to the China Securities Regulatory Commission (CSRC) to establish a securities JV. The application was filed on May 8, 2018” reports financefeeds.com. Nomura plans to make detailed preparations for the securities company subject to discussions with the CSRC and other relevant parties.China has just reiterated its appeal for financial services companies, as Nomura Holdings Inc (TYO:8604) today confirmed that it aims to set up a joint venture securities firm there.Today, Mizuho Bank, Ltd. said it signed a Comprehensive Cooperation Agreement regarding commercial banking with the…

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The Belt and Road initiative may be risky, but Citi still sees big opportunities

“Warnings of financial risks may be sounding on China’s Belt and Road Initiative, but global banks are still seeing a promising opportunity” writes unknown author for cnbc.com. For investors, there are “multiple levels” of potential opportunities, Merlino said, highlighting infrastructure and activities surrounding major projects under the plan.In an interview with CNBC, Marc Merlino, Citi’s global head for its global subsidiaries group, said there are opportunities for not just banks, but institutional and corporate investors.”It’s the opportunities for micro infrastructure beyond the core projects. Source: cnbc.com Share This:

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News Platforms 

A bubble you didn’t even know existed could be bursting

“The core reason Hafeez thinks the data/platform bubble is set to burst is a political sea change against the sector” writes Akin Oyedele for businessinsider.com. This kind of scrutiny is part of a broader trend pushing the needle closer to bursting the “data/platform bubble,” according to Bilal Hafeez, Nomura’s global head of G10 FX strategy.It also doesn’t help that data companies have helped to widen income inequality by creating “winner-takes-all” dynamics, Hafeez said.Thirdly, Hafeez said fake news could also be the end of the platform bubble, according to Hafeez.”The EU…

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Nomura Goes on Hiring Spree, Appoints 15 new Directors for US Operations

“Moreover, Scott Willard and Douglas Yablonski have joined the company as Managing Directors in the Acquisition & Leveraged Finance Group and M&A Groups, respectively” reports financemagnates.com. Among the company’s newest executive directors is Chris Young, who was recruited as an Executive Director for Nomura’s New York based Acquisition & Leveraged Finance Group. Source: financemagnates.com Share This:

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Crypto News 

No, bitcoin isn’t likely to consume all the world’s energy in 2020

“Here are a few things you might not know about bitcoin, the cryptocurrency that has captivated the financial world after skyrocketing about 2,000 percent in a year to more than $19,000 per coin at one point” writes -jonathan Koomey for cnbc.com. This bitcoin “mining” allegedly consumes more power than most countries use each year, and its electricity usage is roughly equivalent to Bulgaria’s consumption.But here’s another thing you might want to know: All of that analysis is based on a single estimate of bitcoin’s power consumption that is highly questionable,…

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‘Get to the chopper!’: Helicopter money could be the next step for central banks in 2018

“For central banks facing policy limitations, helicopter money can be a natural step towards further easing” writes Will Martin for businessinsider.com. “Investors may be surprised by how strongly a few central banks can adhere to their inflation mandate.LONDON – The introduction of helicopter money into the global financial system could finally occur in 2018, according to research from analysts at Japanese lender Nomura.One of those scenarios, Nomura argues, is the introduction of helicopter money.It is not just Japan where helicopter money is a possibility in 2018, Goto says, pointing to…

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