Tag Archives: Financial

US-China trade war a warm-up for global financial crisis, warns investor Mark Mobius

Expect big problems with the global economy as the trade conflict between the United States and China escalates, predicts veteran investor Mark Mobius. Read more “There’s no question we’ll see a financial crisis sooner or later because we must remember we’re coming off from a period of cheap money. “There’s going to be a real squeeze for many of these ...

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Winner winner chicken dinner: Germany makes €3 billion from Greece's financial crisis

The eurozone has finally agreed to get Greece out of the European assistance program with the country to get its fifth and last tranche of €15 billion in August. The step brings an end to the 10-year debt crisis in the country. “Greek debt is sustainable going forward,” Eurogroup President Mario Centeno told journalists. “This is it, we have managed ...

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Workday acquires financial modelling startup Adaptive Insights for $1.55B

Workday, the cloud-based platform that offers HR and other back-office apps for businesses, is making an acquisition to expand its portfolio of services: It’s buying Adaptive Insights, a provider of cloud-based business planning and financial modelling tools, for $ 1.55 billion. The acquisition is notable because Adaptive Insights had filed for an IPO as recently as May 17. Workday says ...

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Eastern Europe & Baltic states may lose €37bn as EU redirects financial aid south

Brussels may shift billions of euros in EU funding away from the Baltic states and the countries of the so-called Visegrad group in a move to offer more financial support to Greece, Italy and Spain. The key changes proposed by the European Commission are aimed at the EU cohesion fund which currently amounts to €330 billion. The reforms are seen ...

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Soros: EU facing major financial crisis, but I've a plan to save Europe

A surging dollar and capital flight from emerging markets may lead to another “major” financial crisis, veteran investor George Soros has warned the EU. Speaking in Paris on Tuesday at a meeting organized by think tank the European Council on Foreign Relations, he said that the European Union is facing an imminent existential threat. “Everything that could go wrong has ...

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Vatican warns of financial ‘ticking time bomb’ ready to explode

The Vatican has called for more regulation of markets and financial systems, saying economic crises showed they were not able to govern themselves and needed a strong injection of morality and ethics. In a major document, written by two key Holy See departments, the Vatican said profit for the sake of profit and not for the greater good was “illegitimate.” ...

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Trump pins hope on ‘great financial team’ on trade mission in China

As the US Treasury Secretary arrived in Beijing for key talks, President Trump tweeted his support for the crucial mission aimed at negotiating a trade deal that he can present as “fair” and would stop the onset of a “tariff war.” “Our great financial team is in China trying to negotiate a level playing field on trade!,” Trump tweeted late ...

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'We are headed for a massive financial crisis' & Fed has 'no idea what's going on' – Peter Schiff

After a stern warning about a calm before an economic storm, investor Peter Schiff has accused the US Federal Reserve of being oblivious to the upcoming crash. Seeking Alpha quotes Schiff as saying that yields have risen to levels unseen since the last financial crisis a decade ago, with yield curves currently flattening. According to Schiff, that is a troubling ...

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Gold rise, dollar fall & cryptocurrencies shaking up financial system – watch RT’s Keiser Report

Max Keiser and Stacy Herbert of RT’s Keiser Report discuss a possible rally in gold prices, accompanied by a weaker US dollar. They also discuss the perspectives for the global economy, which is set to grow in the next two years at the fastest pace in two years, but is predicted to cool down in 2020. In the second part ...

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With loans of just $10, this startup has built a financial services powerhouse in emerging markets

Peris Kimeli and Betsy Cheruyot were students at Kenyatta University thinking about launching a business when they applied for their first loans from the mobile lending company, Tala. Hoping to get a clothing business off the ground and make some money to live on while going to school, the two young Kenyans downloaded the Tala mobile app, and within minutes ...

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