Tag Archives: News

It seems Kuwait’s government could insert at least $1 billion in the initial public offering of Saudi Arabia state-owned oil company, Saudi Aramco. Sources familiar with the situation said that the kingdom asked its regional partners to support the share sale valued as high as $2 trillion.Until recently, the Kuwait Investment Authority had been pretty much unwilling to commit significant funds to the IPO. However, the government explained that a stake was in the country’s strategic interest,...

According to one source, the bitcoin sell-off is showing no signs of calming down, but this might not necessarily affect the currency in a negative way.Will Bitcoin Survive the Sell-Off?As we all remember, bitcoin has had a very mixed two months in both October and November. Things ultimately started in late September when Bakkt – the institutional crypto trading platform owned and governed by the Intercontinental Exchange (ICE) – made its official debut on September 23. Despite nearly a year...

The month of December has just started and already we’re off to a good start. Bitcoin – the world’s largest and most prominent cryptocurrency by market cap – has seemingly jumped in price by another $100, leaving many enthusiasts to wonder if perhaps the currency is about to enter another bull run.December Has Often Been Good to BitcoinOf course, to assume this means anything would be a mistake. Bitcoin can go up just as easily as it can go down. We all witnessed that over the past few...

FinAccel, an Asian fin-tech company involved in leveraging deep data analytics across users’ digital footprint in order to automate credit risk scoring and access to credit in Southeast Asia, has announced it raised $90 million in a Series C funding round. The round was led by Asia Growth Fund, jointly established by Mirae Asset and Naver Corp, and Australia-based venture capital firm Square Peg. Among other investors were Singtel Innov8, Telkomsel Indonesia, Cathay Innovation and Kejora...

American multinational investment bank and financial services company Morgan Stanley has changed its rating on stocks from Roku, the on-demand video streaming platform backed by Fox. Even though Roku has had an amazing year and climbed quite explosively in the stock market with 400% year-to-date YTD returns, Morgan Stanley dropped its Roku rating from equal weight to underweight.In a recent note to the company’s investors titled “It’s All Priced In”, Morgan Stanley analyst Benjamin Swinburne,...

There have been many debates as to what exactly will happen to the financial technology world in 2020. They have ranged from those who have outlandishly bullish predictions for the fintech space to those who don’t even believe that there the fintech space even exists. Believe it or not, the fintech crystal ball presents a lot of risks and opportunities for both traditional and non-traditional financial institutions and how they adapt to changes is what will separate the winners from the...

On Monday, December 2, there was palpable disappointment in the finance atmosphere as the U.S. stock market’s major indexes, including Dow, saw a sharp fall, the largest 24-hour loss in the last eight weeks. The loss has left quite a number of investors rattled as some believe that it might be an important factor in deciding how well or poorly the general stock market will end 2019.For specifics, the Dow Jones Industrial Average (DJIA) ended the day at 27,783.04 points, losing 268.37, a 0.9%...

The Bitcoin and crypto money markets have thrust in a downward pattern for quite some time, but with only half a month until Christmas, Bitcoin bulls are anticipated, could we be expecting another Santa Claus rally?The Bitcoin price forecast is approximately a part of the highs of its year so far, with most (but not all) altcoins struggling to stay closely related to Bitcoin and recording worse results.Currently, Bitcoin and crypto enthusiasts anticipate unexpected price growth, specialized...

Over the last ten years or so, the American stock market has been performing quite impressively, with continuous rises in its general bull run. Since 2009, companies – notwithstanding price drops over smaller periods – have been doing better with time, on average. German multinational investment and financial services firm Deutsche Bank AG has now revealed the driving factor behind this decade-long bull run.According to a tweet from market analyst Holger Zschaepitz with German media company...

Tribe Accelerator, that is a blockchain accelerator backed by the Singaporean government, has raised 25 million Singaporean dollars which is roughly about $16 million for startups that are presented on its platform. Sources indicate that the accelerator revealed this in a press release yesterday and that about $28 million in total has been raised so far for startups that employ blockchain technology to revolve issues that the world currently faces. The accelerator further revealed that the...