Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Fintech

Wed, Jul 26, 2017 06:51 AM All times are UTC Edition :

Follow Series

©Elmin Media . All Rights Reserved.

Copenhagen FinTech, Singapore Fintech Association sign MOU to foster fintech innovations

May 29, 2017 05:54 am UTC| Fintech

Copenhagen FinTech, a Danish fintech ecosystem, has signed the first Memorandum of Understanding (MOU) with the Singapore Fintech Association in order to test solutions and offer access to the wider markets of Europe and...

Japan’s Mizuho Group to establish fintech venture in June

May 26, 2017 09:56 am UTC| Fintech

Japan-based Mizuho Financial Group announced that it will start a fintech venture in the coming month in order to generate 100 billion yen ($894 million) in added value by 2020. According to the reports by Reuters, the...

DFSA launches Innovation Testing Licence for fintech companies

May 25, 2017 09:47 am UTC| Fintech

The Dubai Financial Services Authority (DFSA) announced the launch of Innovation Testing Licence (ITL) that will permit fintech startups to apply for a class of financial services licence. ITL is a restricted financial...

Blockchain Revolution Series

Bank of Papua New Guinea explores blockchain potential for improving financial inclusion

May 25, 2017 06:23 am UTC| Digital Currency Fintech

The Australian government has allocated $200,000 to support the Bank of Papua New Guineas efforts to explore the potential of blockchain technology to help improve PNGs low rate of financial inclusion, ABC reported. The...

MAS, IFC sign memorandum of cooperation to develop fintech innovation in Asia

May 24, 2017 10:08 am UTC| Fintech

Monetary Authority of Singapore (MAS) announced that it has signed a memorandum of cooperation with IFC, a member of the World Bank Group, in a move to establish and advance fintech innovation in Asia by developing the...

Initial Coin Offering Series

Global experts to come together for Initial Coin Offering Conference on May 29

May 19, 2017 15:01 pm UTC| Digital Currency Fintech

THEblockchain, along with EconoTimes, is going to host a conference focusing on Initial Coin Offering (ICO) a new and innovative fundraising method that has quickly gained popularity among fintech and blockchain...

U.S. CFTC establishes fintech initiative ‘LabCFTC’ in New York

May 18, 2017 11:54 am UTC| Fintech

The United State Commodity Futures Trading Commission (CFTC) announced the launch of a fintech initiative LabCFTC that is aimed in promoting fintech innovation in order to improve the quality, resiliency as well as...

1 2 3 4 5 6 7 8 9 10

Economy

New Zealand bonds end higher post better-than-expected improvement in June trade balance

The New Zealand bonds gained at the time of closing Wednesday after reading the better-than-expected improvement in the countrys trade balance for the month of June, released early today. At the time of closing, the...

Japanese bonds plunge on investors higher risk appetite

The Japanese bonds plunged Wednesday as investors moved to riskier assets including crude oil and stocks. Energy prices rallied on Saudi Arabias pledge to limit crude exports to help curb global oversupply. The yield on...

Australian bonds slump despite weak inflation, share prices up on firmer commodities

The Australian bonds slumped Wednesday despite consumer prices were surprisingly soft last quarter and core inflation rate stayed below target for a sixth straight quarter. Also, the investors found refuge in the riskier...

US private sector output expands at the fastest rate in six months in July, suggests economy gaining momentum in Q3

US-based manufacturing firms remained in expansion mode in July, flash estimates released by IHS Markit showed on Monday. Overall business conditions improved at the fastest pace for four months, while private sector...

FxWirePro: Anchoring CNB hiking hopes, advancing forecasts and valuations stimulate EUR/CZK

On the back of formidable economic data and the improved outlook for both domestic and foreign demand, we have revised our calls on GDP dynamics, the labor market, CNB policy, and the financial markets. We now expect two...

Politics

Law expert: where the Brexit battles over the Repeal Bill will be fought in parliament

The most important national law governing the Brexit process has been tabled before parliament by the UK government. The proposed European Union (Withdrawal) Bill previously known as the Great Repeal Bill is likely to...

Modi's polarising populism makes a fiction of a secular, democratic India

After Donald Trump was sworn in as US president, The Times of India published a piece titled Why both Modi and Trump are textbook populists. Citing Jan-Werner Mllers What is Populism?, the journalist, Amit Varma, was...

Politicians jeopardise the safety of whistleblowers with bad technology

The Western Australian Liberal Party has created a website, www.wawhistleblowers.com, encouraging whistleblowers to report on WA public officers, government ministers and members of parliament. The site has already been...

Malawi set out to give students skills to support democracy. But it's not been easy

Like many other countries, Malawi was caught in the wave of democratic change that swept sub-Saharan Africa in the early 1990s. The wave was triggered by the fall of communism along with military and civilian dictatorships...

US under Trump Series: Donald Trump Jr. may be called to testify before Senate over his meeting with Russian lawyer

President Trump eldest son Donald Trump Jr. might be called upon by the Senate Intelligence Committee to question about a meeting that took place in June 2016 at the Trump Tower between Trump Jr., President Trumps...

Science

NASA Is Launching A Nationwide Solar Eclipse Watch Project, Participate For Science

On August 21st, a solar eclipse that will completely blot out the sun was announced to happen by NASA. In an attempt to gather as much data about the celestial event as possible, the space agency is asking every single...

Scientists Create Material 5x Stronger Than Steel And Soft As Rubber

Researchers in Japan recently succeeded in creating a soft and flexible material that is five times stronger than steel but feels like rubber. Such a material could have numerous applications including the development of...

Humans Are Only Using 25% Of Their DNA, Study Says

Remember that popular misconception that humans only use about 10 percent of their brains power at any given time? It looks like something similar is about to start circulating the web with a new study indicating humans...

Scientists Create Super Spinach That Can Function As Bomb Detector

For the most part, the leafy green spinach has only ever been super in the animated classic Popeye the Sailor Man when the quirky main character would down a whole can of the leaves to gain strength. Recently, scientists...

The Most Advanced Artificial Heart Can Perform As Well As A Real One

Scientists have been trying to create artificial versions of human organs for decades, be it the liver, skin, eyes, and above all, the heart. These efforts are aimed at solving one of the biggest challenges in the medical...

Technology

Intel Throws Weight In Apple’s Corner Against Qualcomm In Huge Lawsuit

It would seem that the number of major brands that Qualcomm has to contend with in the lawsuit it has against Apple is growing. After the iPhone makers suppliers started backing their partner, even Google and Samsung have...

Why Swiping Up Using An iPhone Is A Bad Idea And Why Updating The iOS Is A Good Idea

Even though its the premier smartphone brand that Americans prefer, there are still plenty of misconceptions when it comes to the iPhone that a lot of users have. For example, in order to save on battery life, some...

Facebook Could Be Making A Modular Phone In Bid To Be Tech King

Its long been known that Facebooks ultimate goal is to take over the lives of every single person in the world by carving out a slice in every single industry. The social media platform has already done this by being...

Razer Could Get $5 Billion IPO Valuation And Make A Gamer-Specific Smartphone

The PC gaming hardware giant Razer is reportedly ready to go for an initial public offering, which could be worth $5 billion. The site for the IPO is apparently Hong Kong and achieving such an amount is also apparently...

Verizon Is Already Throttling YouTube And Netflix, Net Neutrality Is Dying

One of the biggest points of reassurance that FCC head Ajit Pai is trying to sell in dismantling Net Neutrality involves asking users to trust ISPs not abusing their power. According to him, carriers will not be throttling...

Digital Currency

FxWirePro: ETH/USD hovers around 10-DMA, good to go short on break below

Veritaseum loses $8.4M of ICO funds to hackers

FxWirePro: BTC/USD upside capped by strong trend line resistance, good to sell on rallies

Law

We need more than just laws to ensure responsible alcohol service

Gender makes a world of difference for safety on public transport

Australia's planned decryption law would weaken cybersecurity

Life

Why the Catholic Church bans gluten-free communion wafers

Why do human beings speak so many languages?

Death toll mounts in Rio de Janeiro as police lose control of the city -- and of themselves

Nature

Rising carbon dioxide is making the world's plants more water-wise

Rising sea temperatures will hit fisheries and communities in poor countries the hardest

Africa’s tropical forests could be next in line as global food demand grows

Sports

Women cricketers hit sixes too

When Bosnia was torn apart, football clubs were ethnically cleansed along with the population

Channel 4 has a real opportunity to up the profile of women's football in its UEFA coverage

Technical Analysis

FxWirePro: USD/CNY remains well supported above 6.75 mark, PBOC sets yuan mid-point at 6.7529

FxWirePro: 'Morning Star' pattern formed on USD/JPY daily charts, scope for upside, focus on FOMC meeting

FxWirePro: USD/INR hovers around key resistance at 64.48 mark, sustained close above targets 64.82 mark

ET PRO
Market Data

Market-moving news and views, 24 hours a day >

FRANCE JUL CONSUMER CONFIDENCE DECREASE TO 104 (FCAST 108 ) VS PREV 108

SOUTH KOREAN WON UNOFFICIALLY CLOSES ONSHORE TRADE AT 1,121.8 PER DOLLAR VS 1,115.3 AT PREVIOUS CLOSE

SEOUL SHARES UNOFFICIALLY CLOSE DOWN 0.22 PCT

U.S. 10-YEAR TREASURIES YIELD AT 2.323 PERCENT VS U.S. CLOSE OF 2.326 PERCENT ON TUESDAY

TURKISH CENTRAL BANK DOES NOT FUND ON ISTANBUL BOURSE AT 9.25 PERCENT

GERMAN BUND FUTURES OPEN 11 TICKS HIGHER AT 161.71

EUROSTOXX 50 FUTURES DOWN 0.2 PCT, DAX FUTURES DOWN 0.1 PCT, CAC 40 FUTURES DOWN 0.1 PCT, FTSE FUTURES DOWN 0.1 PCT

TOKYO'S NIKKEI AVERAGE UNOFFICIALLY CLOSES UP 0.48 PCT AT 20,050.16

AUSTRALIA'S S&P/ASX 200 INDEX UNOFFICALLY CLOSES UP 0.87 PCT AT 5,776.30 POINTS

UBS CONSUMPTION INDICATOR FOR SWITZERLAND 1.38 PTS IN JUNE AFTER REVISED 1.32 IN PREVIOUS MONTH

INDIA CENBANK: MAKES PARTIAL ALLOTMENT OF 40.83 PCT AT CUT-OFF RATE AT 28-DAY VARIABLE RATE REVERSE REPO AUCTION

INDIA CENBANK: ALLOTS 100.07 BLN RUPEES AT 28-DAY VARIABLE RATE REVERSE REPO AUCTION; GETS BIDS WORTH 290.00 BLN RUPEES

INDIA CENBANK: WEIGHTED AVERAGE RATE AT 6.22 PCT AT 28-DAY VARIABLE RATE REVERSE REPO AUCTION

INDIA CENTRAL BANK SETS CUT-OFF RATE OF 6.23 PCT AT 28-DAY VARIABLE RATE REVERSE REPO AUCTION

TAIWAN STOCKS CLOSE DOWN 0.4 PCT AT 10,419.11 POINTS

KOSACHYOV SAYS THERE COULD BE NO IMPROVEMENT IN RUSSIA-U.S. TIES AFTER NEW SANCTIONS, RELATIONS ONLY TO WORSEN - RIA

RUSSIAN LAWMAKER KOSACHYOV SAYS RUSSIA SHOULD PREPARE 'PAINFUL' ANSWER TO NEW U.S. SANCTIONS - RIA

SINGAPORE MAY INDUSTRIAL PRODUCTION REVISED TO +4.4 PCT YR/YR (PREVIOUS +5.0 PCT)

SINGAPORE JUNE PHARMACEUTICALS OUTPUT +21.4 PCT YR/YR

SINGAPORE JUNE ELECTRONICS OUTPUT +25.5 PCT YR/YR

Welcome to EconoTimes