News Stocks 

A Canadian investment bank is quietly pursuing a critical regulatory approval that would solve one of the biggest pain points for the US marijuana industry

“One of the biggest pain points preventing multibillion-dollar institutions from investing in the US cannabis industry may soon be solved” writes Jeremy Berke for businessinsider.com. For comparison, the cigarette industry in the US is worth roughly $80 billion, according to the investment bank Cowen.Canaccord Genuity, a mid-size Canadian investment bank, is seeking approval from the Financial Industry Regulatory Authority (FINRA) to act as a custodian for US investors, according to a source familiar with the matter.Because cannabis is federally illegal in the US, the government could, in theory, prosecute banks…

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Japan’s FSA Announces New Chief Sustainable Finance Officer

“As CSFO, Ikeda will be responsible for promoting sustainable finance and attempting to bolster its popularity amongst Japanese financial institutions” writes David Kimberley for financemagnates.com. As there is not a fixed definition as to what constitutes an ESG investment, it is difficult to say exactly what they are.The FSA has been one of the more proactive regulators, alongside the FCA and US authorities, when it comes to ESG investment.For instance, investing in American renewable energy companies might constitute an ESG investment but so too could an ethical mining company in…

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News Stocks 

Boeing is in crisis. Is it still a good investment?

“Unless something spooky comes out in the next few weeks, Boeing stock might be a safe ride, but expect turbulence” writes Thomas Heath Is for washingtonpost.com. Boeing stock rose 81 percent in 2013 and has risen another 172 percent since the end of that year, Silverblatt said.But for those who cannot help themselves — me included — let’s talk about whether anyone should buy Boeing stock. Source: washingtonpost.com

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Global Investors Eye AltFin, HR Tech With B2B Investments

“The company, based in Singapore, saw the Series B investment led by FMO, based in the Netherlands” reports pymnts.com. Fuel Ventures led the investment round, reports said, with CreditDigital aiming to use the investment to strengthen its product offering and position in the U.K. market.With new funding led by SFW Capital Partners, Greenshades Software said it will focus on expanding its portfolio of products, which currently includes payroll, tax and human capital management services for its corporate customers.Finturi hasn’t officially launched its platform, but reports said the company continues to…

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Consensus Algorithm Tendermint Raises $9 Mln in Series A Investment Round

“Blockchain consensus algorithm and peer-to-peer (P2P) networking protocol Tendermint has raised $9 million in a Series A investment round, according to a blog post published on March 14” writes Ana Alexandre for cointelegraph.com. Tendermint has raised $9 million in the Series A investment round led by cryptocurrency investment company Paradigm, with contribution from Bain Capital and 1confirmation among other investors. Binance CEO Changpeng Zhao reportedly said that Binance Chain is based on the Tendermint protocol and runs on a Delegated-Proof-of-Stake (DPoS) consensus algorithm. Source: cointelegraph.com

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Judy Murray calls for more investment in Scottish tennis: ‘Murray legacy must not wither’

“Judy Murray has made an appeal for more investment in Scottish tennis before the window of opportunity surrounding her sons Andy, 31, and Jamie, 33, closes for good” writes Simon Briggs for telegraph.co.uk. Meanwhile Jamie stands at No 6 in the doubles rankings. “The time has to be now,” said Judy. “Whatever happens this year, Andy and Jamie won’t play forever, but we can make the most of what they’ve achieved and we can do that now. “We need more public tennis courts, more indoor courts and a much bigger tennis…

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Uber self-driving division may receive $1B investment led by SoftBank

“The investment would reportedly be specifically in Uber’s self-driving technology department, and comes as Uber is heading towards an initial public offering of stock” writes Jake Holmes for cnet.com. The former previously invested in Uber and in 2018 made a $2.25 billion investment in General Motors’ self-driving car division.Uber is in discussions to receive an investment of $1 billion lead by holding company SoftBank and automaker Toyota, Reuters and The Wall Street Journal report. Source: cnet.com

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Abu Dhabi state investor Mubadala halts business with Goldman Sachs amid 1MDB lawsuit

“The investment bank was hired by the Abu Dhabi government to advise a steering committee that oversaw a merger between Aldar Properties and Sorouh Real Estate in 2013” writes Midwest Communications Inc for 95kqds.com. The bank also worked on a merger valuation plan for the Abu Dhabi and Dubai bourses, in 2014, which was shelved as terms could not be agreed.DUBAI/ABU DHABI (Reuters) – Abu Dhabi state investor Mubadala has suspended any new business dealings with Goldman Sachs since its subsidiary filed a lawsuit in November against the U.S. bank…

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News Platforms 

FCA May Impose Exit Fee Ban on Retail Investment Platforms

“According to the FCA, investment platforms had approximately $250 billion assets under management in 2013” writes David Kimberley for financemagnates.com. More specifically, the British regulator was looking at the problems retail investors face when using investment platforms.Similarly, the number of retail investment accounts in the UK grew by 2.2 million between 2013 to 2017.Amidst a wave of Brexit angst, the Financial Conduct Authority quietly released a report on Thursday detailing developments in the UK’s retail investment market.If there is going to be regulatory intervention by the FCA, it will be…

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Markets News Stocks 

China’s disappointing data dump weighs on Asia stocks

“Retail sales growth of 8.2% was in line with December but continues to hover at 15-year lows” writes Theron Mohamed for businessinsider.com. Chinese industrial output rose 5.3% in the first two months of 2019, its slowest rate of growth in 17 years, according to Reuters.Asian stocks slid on Thursday after China released a raft of uninspiring industrial, employment and retail data.Fixed-asset investment grew by 6.1% in the first two months of the year, up from 5.9% in the same period of 2018.There were a few bright spots in the data…

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