Markets News 

China moves closer to allowing foreigners to control insurance ventures: sources

“The plans for the insurance sector, the world’s third-largest insurance market, show the liberalization plan has not been derailed” writes Midwest Communications Inc for 95kqds.com. If anything, they are looking to advance the process,” said a top executive at a large foreign insurance company with a China presence.China has set an agenda to open up its financial sector and has already taken steps this year to relax foreign ownerships in securities ventures.The regulator is now considering advancing the three-year timeline for allowing foreign insurers to take full control of their…

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Crypto Markets News 

Blockchain Adoption in Energy Sector to Grow by 65%, Says Research

“Technavio, a leading market research company has forecast growing adoption of blockchain technology within the sector in the coming years” writes Kuldeep Kaul for livebitcoinnews.com. Market research conducted by Technavio has predicted that use of blockchain technology in the energy industry will increase between 2019 and 2023.What are your thoughts on the implementation of blockchain technology in the energy sector?. According to the PEi, blockchain technology will see a growth of 65% in the sector between 2019 and 2023.While blockchain technology was invented for facilitating peer-to-peer money transfers, it is…

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Futures News Stocks 

Dow set to fall 100 points as chip makers drag down tech

“U.S. stock index futures indicated a lower open Friday a decline in semiconductor stocks pressured the overall technology sector” writes Bryan R for cnbc.com. ET, Dow Jones Industrial Average futures were down 131 points, indicating a lower open of 112.27 points.The weakness in chip stocks dragged the technology sector, with the Technology Select Sector ETF (XLK) falling 1.1 percent in the premarket. investors also fretted over political developments overseas amid heightened fears the U.K. could soon crash out of the European Union without a divorce deal.Nasdaq 100 and S&P 500…

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News Oil Stocks 

Stocks Mixed Amid Tech Sector Concerns; Oil Rebounds on OPEC Cut Plans

“Nvidia shares plunged 17% in after-hours trading in New York Thursday, and dragged sector peers lower in Asia trading Friday” writes Martin Baccardax for thestreet.com. Global stocks were mixed in early Friday trading, with investors rattled by weakness in the chip sector that suggests further erosion in consumer tech demand and mixed reports on the state of U.S.-China trade talks, as volatility across all asset classes continues to accelerate.Chipmaker Nvidia Corp.’s (NVDA) disappointing third quarter earnings late Thursday, as well as its gloomy holiday season outlook, has added yet another…

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News Stocks 

BLACKROCK: Here’s how investors can profit from both sides of the ruthless US-China battle for tech domination

“But even if Chinese tech stocks end up closing the gap that has formed between them and their US peers, BlackRock still sees ample chances to make money on both sides” writes Joe Ciolli for businessinsider.com. The chart below shows just how much latent upside may already exist in Chinese stocks.And then there’s the ruthless battle for supremacy that is playing out in the tech sector. Source: businessinsider.com Share This:

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News 

Franco-Egyptian Health Forum to launch on 19 November focusing on health insurance law

“The Franco-Egyptian Health Forum is set to start on 19 November to discuss the implementation of the new Health Insurance Law and pharmaceutical sector reforms, and exchange expertise in the health field” writes Daily News Egypt for dailynewsegypt.com. The group was organised by French health companies, the French embassy in Cairo, the French Development Agency (AFD), the Business France, and Al-Ahram Hebdo. Moreover, Egyptian authorities will present the government’s strategy in the health sector, the progress state of the ongoing reforms and their expectations in terms of support by French…

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News 

Tech stars see shares dim in eyes of investors…

“Essentially, after rocketing due to an alignment of economic planets, it is time for tech shares to return to earth” reports france24.com. But all eyes went to Apple, shares of which took a hit on worries that iPhone demand is weakening.”Investors have really piled into the tech sector since the Brexit,” said Nasdaq analyst Jack Menke. Despite recent elections that divided the US Congress between Republican and Democrats, regulatory change in the tech sector “is one issue they could agree on,” Thooft said. Source: france24.com Share This:

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News Oil 

Debt to remain very high in several countries in particular Egypt: IMF

“The IMF released on Tuesday its latest Regional Economic Outlook (REO) where it mentioned that debt will remain very high in a number of countries, particularly Bahrain, Egypt, Jordan, Lebanon, Mauritania, Morocco, Pakistan, Sudan, and Tunisia” writes Hagar Omran for dailynewsegypt.com. Political uncertainty and social tensions could also challenge the reform agenda in some countries, said the report, adding, “there is considerable uncertainty surrounding the outlook for oil prices. Source: dailynewsegypt.com Share This:

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News 

Banking consolidation in Europe is ‘inevitable,’ UBS chief Ermotti says

“Going forward it is hard to predict how investors will see European banks, Ermotti told CNBC. “Difficult to predict sentiment and investors’ approach” writes Silvia Amaro for cnbc.com. Since the start of the year, the European banking index is down about 20 percent.The European banking system needs consolidation and “as time goes by, it will become more and more inevitable,” the head of one of the largest banks in Europe told CNBC on Tuesday. Source: cnbc.com Share This:

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Markets News Oil Stocks 

U.S. stocks skid again on renewed fears that tech sector has run out of steam

“U.S. markets dropped Monday on renewed fears that the tech sector has run out of steam” writes November At Pm for washingtonpost.com. Oil prices climbed Monday morning on news that the Organization of the Petroleum Exporting Countries may cut daily oil production to align supply and demand and help boost prices.More than 70 percent of the tech sector is in correction territory — meaning the share prices are more than 10 percent off their peak.They were leading the market higher, and the market narrowed over the past year as the big-cap tech…

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