Greece confirmed it has made its €450 million loan repayment to the IMF today, allaying some fears over the country’s ability to repay its current debts. Euro zone partners have given the country six working days to improve a package of proposed reforms in order for the currency bloc to consider releasing more funds to […]
Ayasdi, a Machine Intelligence software provider, announced more than 400% bookings growth for fiscal year ended January 30, 2015, and a new $55 million (€50.6 million) round of Series C funding, led by Kleiner Perkins Caufield & Byers (KPCB), and joined by existing investors, Institutional Venture Partners (IVP), Khosla Ventures, Floodgate, Citi Ventures, and new […]
CEOs in India continue to be more confident about the growth prospects of their business than their global peers, according to PwC’s 18th Annual Global CEO Survey CEOs in other growth markets, unlike those in India, are much less confident now as against last year’s survey, PwC’s data finds. According to PwC’s 18th Annual Global […]
Royal Dutch Shell has announced a £47 billion (€65 billion) merger deal with BG Group, which would reportedly make the combined company worth 9% of the FTSE 100, if it goes through. The deal, already touted to be the biggest of the year, could produce a company with a value of more than £200 billion […]
Compliance departments are feeling increasingly challenged by higher regulatory expectations, coupled with staff shortages and technology concerns, according to a joint Dow Jones Risk & Compliance and Association of Certified Anti-Money Laundering Specialists (ACAMS) survey released at the 20th Annual International Anti-Money Laundering & Financial Crime Conference in Hollywood, Florida, last month. The bi-annual survey, […]
Ethex, the UK’s first not-for-profit platform for positive investors, was named as the winner of the Sustainable Finance category of the Sustainable City Awards 2014-15, in a gala awards ceremony held at London’s Mansion House on 23 March, 2015. Ethex has created a marketplace in which anyone can browse, choose, compare and invest in a […]
A Cornerstone Research report released at the end of March shows that total settlement dollars in securities class actions hit their lowest mark in 16 years in 2014. The average settlement amount also reached its lowest level since 2000, according to Securities Class Action Settlements—2014 Review and Analysis. Total settlements dropped to $1.1 billion (€1 […]
The first quarter of the year is now under our belts and a return in confidence is palpable in most markets. Investor sentiment in Europe has hit a peak, the German equity market is climbing once more, and confidence is up for India’s CEOs. Most markets, it seems, are returning to prosperity. In the April […]
Industrial and Commercial Bank of China Limited (ICBC) posted a net profit of RMB276.3 billion (€41.5 billion) for the year of 2014, representing a growth of 5.1% over 2013, the bank announced on March 26, 2015. In 2014, in response to an increasingly complex global economy, coupled with rising economic challenges and deepening financial reform […]
Spotcap secured €5 million in funding from Kreos Capital, it announced in March. Spotcap plans to use the debt capital to finance the online business lending activities in Spain and the Netherlands and expand its operations globally. Mårten Vading, General Partner at Kreos Capital, said: “Spotcap is at the forefront of the rapidly changing […]
Banks must concentrate on harnessing a range of digital technologies or risk losing customers to a new wave of competitors, according to a new report by the BBA and Accenture. Called Digital Disruption, the report features interviews with leading experts from banks setting out their vision of the future and raises questions for regulators […]
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