Bitcoin is rising again after yesterday’s crash below $10,000 January 18, 2018 Bitcoin is finally regaining some ground after a two-day collapse which sliced tens of billions off of its market value. The number one cryptocurrency was up 12.94 per cent at $11,652.80 today, according to Coinmarketcap, after slumping to below $10,000 yesterday, around half the value of its all-time high. Other major cryptocurrencies were also in [...]
Bitcoin price (BTCUSD) drops below $10,000 as ethereum (ETH) and Ripple (XRP) follow suit January 17, 2018 Bitcoin dropped below $10,000 today having halved from its peak of nearly $20,000 as fears of a regulatory clampdown persisted. The cryptocurrency dropped to as low as $9,801, its lowest point since before December, according to Coindesk’s aggregate price index. Bitcoin’s market cap has shed tens of billions of dollars since Monday as the digital [...]
From rollable TVs to mind-reading hats, here are some of the best (and weirdest) new gadgets from CES 2018 January 10, 2018 Televisions If there’s one constant in this world, it’s that everybody wants a bigger television. All human endeavour, the cumulative effort of generations, is geared towards inventing ever larger screens capable of displaying more pixels at higher resolutions and in new, never before seen colours, so that Fiona Bruce looks as good as can be. [...]
Samsung posts record profits but investor hopes go up in flames January 9, 2018 Samsung revealed overnight it is in line to make record annual profits. But quarterly profits missed expectations as staff bonuses and a strong currency took some gloss off a buoyant chip market. The South Korean electronics giant said fourth-quarter operating profit would be 15.1 trillion (£10.4bn) won, a jump of 64 per cent, but below [...]
Santander partners with China’s biggest retailer JD.com to allow firms to sell products in Chinese market January 8, 2018 Santander UK is partnering with China’s biggest retailer, JD.com, to allow its business customers to launch products in the Chinese market. Small and medium-sized enterprise customers at Santander will now be able to launch stores on JD.com if they have international trading experience and a turnover of at least £10m. Read more: Liam Fox travels [...]
London Stock Exchange Group’s LCH clearing arm enjoys record year January 8, 2018 The London Stock Exchange (LSE) Group’s LCH clearing arm processed a record volume of derivatives over the course of 2017, ahead of an expansion further into servicing growing Asian markets. The notional value of interest rate derivatives processed by LCH reached over $873 trillion during the course of 2017, according to data to be published [...]
Too big to list? Why the international scramble for the Aramco IPO might prove a wild goose chase January 4, 2018 Last week, the Financial Conduct Authority (FCA) announced a delay to its proposed introduction of a new listing category for the London Stock Exchange. The proposal – which has already endured a six-month consultation – is widely seen as an attempt by the regulator to bend its own rules on stock market flotations… in ways [...]
Amazon’s Jeff Bezos and Facebook’s Mark Zuckerberg help boost world’s wealthiest by $1 trillion, Bloomberg billionaires index finds December 27, 2017 The world’s wealthiest people added a collective $1 trillion to their riches in 2017, with Amazon mogul Jeff Bezos making the greatest gains off the back of a standout year for the technology and retail giant. And the rich are getting richer, gaining four times more than they did in 2016, according to Bloomberg’s Billionaires [...]
Innovating in zeros: How do disruptive businesses best the competition? December 20, 2017 “No one really thought it was going to work but, actually, it went okay.” That is how Jonas Kjellberg, entrepreneur and investor, described the sentiment around one of his most famous ventures — Skype. Kjellberg has always been interested in disrupting traditional systems, and he recalled some of his business successes and failures at [...]
Why is Pakistan struggling to find its feet as a successful emerging market? December 18, 2017 The key dilemmas facing Pakistan’s equity market — a small investor base, few new listings on the Pakistan Stock Exchange (PSX), and shrinking turnover — are tied to the lack of trust among investors and issuers as well as unnecessary compliance and tax burdens. It will take greater professionalism among the intermediaries and the rationalization [...]