Tag Archives: Financial

Facebook wants US banks to share customers’ financial data – report

Facebook has reportedly asked a number of US banks to share their customers’ personal financial information, as the social media giant strives to recapture major losses in user engagement following the Cambridge Analytica scandal. After the hashtag #DeleteFacebook slowed down user engagement in the wake of the Cambridge Analytica fiasco earlier this year, the social media giant is now looking ...

Read More »

Gold to prove crucial hedge against next financial crisis – analyst

While unsteady financial markets are bouncing up and down due to trade and geopolitical conflicts as well as political uncertainty, some investors turn to less risky assets, principally to gold. According to the recent report by the London-based consultancy Rosa & Roubini Associates, the latest developments in Italy could easily trigger another global financial crisis. Brunello Rosa, economics expert and ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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.” ...

Read More »

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 ...

Read More »

'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 ...

Read More »
Show Buttons
Hide Buttons
error: Content is protected !!