Nouriel Roubini interview (Part II): ‘Most crypto people are totally clueless’ April 11, 2019 | City Talk When Nouriel Roubini talks, it’s worth a listen. Not known for his optimism, the well-known American economist bears the moniker ‘Dr Doom’. CFA Institute spoke to him about the prospects for global growth (see Part I). In Part II, we focus on cryptocurrencies. CFA Institute: Bitcoin and cryptocurrencies grew out of distrust for central bankers. [...]
Sterling unmoved by Halloween Brexit delay as investors ‘desensitised to Brexit shambles’ April 11, 2019 Sterling investors have become “desensitised to the Brexit shambles” as the currency remained broadly unmoved by EU leaders granting an extension to Article 50 until 31 October. The pound remained steady at $1.308 this morning despite the announcement that Brexit would be delayed until Halloween in the early hours of the morning. Read more: Pound [...]
Cryptocurrency platform Coinbase launches Visa debit card April 11, 2019 Cryptocurrency platform Coinbase has launched a Visa debit card that allows customers to spend their digital currency in stores and online. When customers use the card, which is only available in the UK, Coinbase will convert the cryptocurrency into pounds, and transaction summaries and receipts will be recorded within a new app, which has also [...]
London miner Central Asia Metals looks for acquisitions in copper space April 10, 2019 The chairman of Central Asia Metals said his firm has an “active” plan to make more acquisitions, especially in the copper space. Nick Clarke told City A.M. the business will look to finance any potential takeovers through cash, new equity, debt and shares. Read more: Miner Churchill faces administration after losing court battle “We are [...]
Villagers get victory in Vedanta pollution case as Supreme Court rules their case can be heard in the UK April 10, 2019 The Supreme Court dealt a blow against London-based miner Vedanta Resources today as it ruled a case brought against the firm by Zambian villagers can be heard in the UK. More than 1,800 Zambians allege that toxic waste from a copper mine run by KCM, a subsidiary of Vedanta, damaged land and waterways, destroying their [...]
MPs, stop trying to tout the demise of the secondary ticket market April 10, 2019 The secondary market for buying tickets to gigs, music festivals, and sports events is in a mess. Complaints about punters being ripped-off by ticket touts regularly attract critical publicity. Many promoters have taken to refusing entry to people if they believe that their tickets were obtained without their approval. Some events appear sold out within [...]
Uber IPO: Ride-hailing firm seeks to sell $10bn of shares in largest tech float since Alibaba April 10, 2019 Uber could look to sell as much as $10bn worth of stock in its initial public offering (IPO), in a move which would make it one of the biggest tech floats ever. Read more: Morgan Stanley tapped to steer Uber through IPO If successful, the taxi app firm could hail the highest-value IPO since that [...]
Network International valued at £2.2bn in London’s largest listing of 2019 April 10, 2019 Dubai-based payments company Network International listed on the London Stock Exchange today with a valuation of £2.2bn, the largest float of the year so far. It priced its shares at 435p per share, giving its a market capitalisation of £2,175m at the time of admission. Read more: String of banks appointed as Travelex-owner Finablr weighs [...]
Crowdsourcing platform Limitless secures £5m in series A funding April 10, 2019 Brand ambassador platform Limitless Technology has secured £5m in funding as it looks to develop its machine learning technology. The company, which uses crowdsourcing to help businesses turn their customers into brand ambassadors, said it has bagged the funds in a series A round led by Albion VC. Read more: Grab looks to raise further $2bn [...]
Saudi Aramco beats records as investors bid $100bn for its bonds April 9, 2019 Just months after international players pulled out of a conference in Saudi Arabia, the country has firmly established itself as an investor favourite. State oil company Saudi Aramco has received orders of $100bn for its debut on the international bond market. Read more: Saudi Aramco leapfrogs Apple to claim title as world's most profitable firm [...]