Crypto News 

EIB Vice President: Blockchain Will Bring…

“The European Investment Bank (EIB) has organized a blockchain hackathon designated to prompt participants to redesign the transaction processing of commercial paper” writes Joshua Morris for livebitcoinnews.com. Speaking on the matter, the vice president of the EIB said: There will be major gains from the use of new technologies such as blockchain, generated from the simplification and streamlining of existing financial processes.The president of the bank spoke highly of blockchain and other emerging technologies. Source: livebitcoinnews.com Share This:

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News Platforms 

After public outcry, Beijing says it will ban new online lending platforms

“Now, authorities covering internet financial and loan risks have laid out 10 policy measures, such as bans on new online lending platforms, state-run news agency Xinhua reported Sunday” writes Evelyn Cheng for cnbc.com. Seventy-three percent of P2P platform failures since June were due to liquidity issues, Citi analysts Daphne Poon and Judy Zhang said in a July 18 report.The Chinese government is stepping up scrutiny of and instituting new measures for a once-burgeoning online lending sector, where fund closures have prompted protests and even caused a convenience store chain in…

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News 

What are the biggest health care trends to watch out for?

“Health care is among the leading sectors in the S&P 500 so far this year, up more than 8 percent in 2018” writes Ariel Skelley for cnbc.com. The sector saw a pick up in deal making in the first quarter of the year with U.S. insurer Cigna’s proposed merger with pharmacy benefits company Express Scripts among those making the news.Earlier this year, Bain & Company said it expected deal activity in the sector was unlikely to go away anytime soon.Apart from that, health care innovations have also been in the…

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News 

Harwood seeks to capitalise on rental boom with £175m float

“Harwood Real Estate is understood to be considering an initial public offering on the main market in the coming weeks for its private rented sector division, which would make it the first listed company to target pre-built housing units exclusively for renters” writes Liam Halligan for telegraph.co.uk. The residential rented sector has expanded enormously in recent years as tenants have sought more professionally managed homes instead of signing leases with private landlords. Source: telegraph.co.uk Share This:

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Markets News Stocks 

Tech vs. the consumer: The market’s top two groups this year are neck and neck

“The S&P 500 tech sector is the top performer this year, rallying nearly 17 percent, while the consumer discretionary sector is up a little more than 15 percent in the same period” writes unknown author for cnbc.com. In the battle for market leadership, consumer discretionary stocks are nipping at technology’s heels. He added that the market has high expectations for internet-based technology stocks, which has led to some of their declines.When asked which of the groups proves to be the smarter bet, Frank Cappelleri, head market technician at Instinet, said…

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News Stocks 

Semiconductor sector stocks in Asia take a hit after Morgan Stanley downgrade

“Major semiconductor sector stocks in Asia took a tumble on Friday after the industry was downgraded by Morgan Stanley” writes Cheang Ming for cnbc.com. The declines came after Morgan Stanley lowered its rating to “cautious” from “in-line” for the semiconductor industry, highlighting rising inventory levels. Source: cnbc.com Share This:

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News Stocks 

Trade war threatens reign of luxury stocks

“Analysts at Kepler Cheuvreux downgraded the luxury sector at the start of July to “underweight”, citing trade war worries” reports businessinsider.com. “Now there’s an incremental risk from the great unknown of trade tariffs as well.”. It estimates goods in the sector are already subject on average to 12 percent trade tariffs, and are unlikely to be targeted for increases, however. Source: businessinsider.com Share This:

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News 

Hungry for growth, food makers seek new flavor of CEO

“Six of the world’s ten biggest food firms, including Nestle , Mondelez International Inc and Kellogg Co , have replaced their CEOs in the past three years” reports businessinsider.com. The growing acceptance of input from outside the industry comes as the consumer goods sector has been aggressively targeted by private equity firms and activist investors looking to shake things up.Last year Mark Schneider became the first outsider in nearly a century to take the reins at Nestle, the world’s largest food company.Campbell Soup Co and Hain Celestial are also on…

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News 

Civil Service Unions Launch Legal Action Against Government Over Pay

“Unions representing more than 200,000 civil servants have launched legal action against the government after they were excluded from a wider public sector wage bump” writes Rachel Wearmouth for huffingtonpost.com. Civil service unions say the government failed to consult them properly on pay and that the decision to take legal action followed a number of failed attempts to resolve the dispute with ministers.But in a statement rushed out on the last day of parliament in July, it was announced public sector workers including soldiers, teachers and prison officers would be…

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News Stocks 

European stocks falter as pharma sector falls

“The pan-European STOXX 600 ended the session down 0.2 percent, with the European healthcare index leading losers, down 1 percent” writes Midwest Communications Inc for 95kqds.com. Worries over global trade and tariffs continue to pressure euro zone stocks, with the Euro Stoxx index down 0.6 percent so far in August.LONDON (Reuters) – European shares dipped on Wednesday as poor corporate earnings in the pharmaceutical sector weighed on sentiment already soured by trade tensions, with Washington preparing tariffs on another $16 billion of Chinese goods.Trading updates from Danish drugmakers Novo Nordisk…

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