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Latest News on private equity markets

Revolut is rolling out early account access ahead of Canadian launch

Betakit | Meagan Simpson | Nov 27, 2019 Revolut has begun rolling out early access to accounts for Canadian users, BetaKit has learned. The move comes ahead of the challenger bank’s official launch within Canada. Originally started in the UK in 2015, Revolut is a FinTech startup looking to disrupt the traditional banking industry. It

4 years ago

India considers commissions cap for Uber, Ola, unsettling industry

India plans to cap the commissions app-based taxi aggregators such as Uber and home-grown Ola earn on rides to a maximum 10% of the total fare, according to a draft proposal seen by Reuters, a move industry experts warned would hit revenue and operations.



4 years ago

Central Bank Digital Currency and Fintech in Asia

ADBI | Nov 27, 2019 The development of financial technology has already radically altered the landscape of the financial system in Asia and promises to have an even greater impact in coming years. This book provides a comprehensive introduction to the principles and developments regarding central bank digital currency and fintech. The first part of

4 years ago

Here's where you can retire abroad for under $30,000 a year

Here's where you can retire nicely on just $30,000 a year ... outside the U.S.

4 years ago

Novartis's $90 million Swiss factory to help solve cell therapy bottleneck

Swiss drugmaker Novartis's new $90 million cell and gene therapy factory in northern Switzerland is on track to begin commercial production of treatments, including Kymriah for cancer and Zolgensma for spinal muscular atrophy, in 2020.



4 years ago

People in these 10 cities are paying the most to get to work

There's a very real cost to fighting traffic on your way to the office. Residents in our nation's capital are paying $12,015 on average each year to get to work, according to an analysis from Clever Real Estate.

4 years ago

Amazon must check for trade mark violations: EU court adviser

U.S. online retail giant Amazon is not liable for unwittingly stocking trade mark infringing goods for third-party sellers, but should be diligent in checking whether products are legal, an adviser to Europe's top court said on Thursday.



4 years ago

A major UK lender just launched a digital bank to compete with Monzo and Revolut | Interview with Bó CEO

CNBC | Chloe Taylor | Nov 28, 2019 British lender NatWest has launched a digital bank to compete in the U.K.’s thriving fintech space. NatWest — a subsidiary of RBS — launched cloud-based bank Bo on Wednesday, with the service going live on both Apple’s App store and Google Play. Those who sign up to

4 years ago

Exclusive: Big four auditors face investor calls for tougher climate scrutiny

European investors managing assets worth more than 1 trillion pounds ($1.28 trillion) are pressing top auditors to take urgent action on climate-related risks, warning that failure to do so could do more damage than the financial crisis.



4 years ago

Timeline: A turbulent decade for grain trader Louis Dreyfus and its owner

Louis Dreyfus Co (LDC) has launched a sweeping cost-cutting plan in the latest attempt to revive profits at the 168-year-old family-owned firm, one of the world's largest agricultural commodity merchants.



4 years ago

Italy's Cavalli rescued by Dubai's Damac chairman

Italian fashion house Roberto Cavalli was bought on Thursday by Hussain Sajwani, the chairman of Dubai's Damac Properties , the companies said, ending a long sale process.



4 years ago

Morgan Stanley dismisses traders linked to concealment of multimillion-dollar loss: Bloomberg

Morgan Stanley has fired or placed on leave at least four traders over alleged mismarking of securities that concealed losses of between $100 million and $140 million, Bloomberg reported on Thursday citing people familiar with the matter.



4 years ago

Royal Mail union loses appeal to overturn injunction to halt strike

Britain's Royal Mail on Thursday confirmed that its biggest union lost an appeal to overturn a High Court injunction to stop a strike ahead of a general election and holiday season next month.



4 years ago

Green's in fashion as Lithuanian used clothes site joins $1 billion club

Vinted, an online marketplace for second-hand clothes, has surfed a sustainable fashion wave to become Lithuania's first technology startup to reach "unicorn" status with a valuation of over $1 billion.



4 years ago

Wave of European Cannabis firms to list in 2020, analyst says

Up to five companies active in the cannabis industry could go public in 2020 in Europe, a continent whose stock markets have largely missed out on the North-American "pot stocks" frenzy, a leading industry analyst said on Thursday.



4 years ago