PJT Partners' shares fall deeply following the arrest of former executive
On Monday, Andrew Caspersen, a previous partner of PJT Partners, was arrested for committing a Wall Street fraud. The US prosecutors accused Caspersen of defrauding $95 million from investors.
Mar 30, 2016 08:30 AM EDT
US Firms are Attracted to Invest in Israeli Cannabis R&D
Firms in United States are looking into Israeli cannabis research and development. Israel, the pioneer in high tech agriculture is now leading the medical marijuana R&D.
Mar 30, 2016 08:23 AM EDT
India Announces Guidelines For Online Market Places Allowing 100% FDI
Indian finance ministry has issued a new set of guidelines for regulating the online market places. The guidelines also include definition of ‘ecommerce’, ‘inventory based model’ and ‘market place model’ to bring clarity in this sector. However, clarity in segmentation of ecommerce business has been applauded by the analysts.
Mar 30, 2016 08:20 AM EDT
Wall Street Responded Janet Yellen Remark With Positive Sentiment
Wall Street hits the record high in 2016. The market reacted positively after the Fed chairwoman's speech in the Economic Club Of New York on Tuesday.
Mar 30, 2016 08:18 AM EDT
Russia's oil giant Rosneft promises to make investments amid weak oil prices
Rosneft, the Russia-based oil firm, has promised to make investments of roughly EUR 13 billion annually through 2018, which is an increase of 30% for the year 2016.
Mar 30, 2016 08:15 AM EDT
US Seeks to Strengthen Economic Relationship with ASEAN to Counter China
As China has increased its influence in Southeast Asia, U.S. stepped in. United States plan to match China in rebalancing Asia by increasing partnership with ASEAN.
Mar 30, 2016 08:08 AM EDT
BoE Increases Capital Buffer Ceiling To Facilitate Probable Post Brexit Lending Market
The Financial Policy Committee (FPC) of Bank of England (BoE) has warned on Tuesday about possible financial outlook after Brexit. To tackle the possible lending market debacle, the committee has raised bank’s capital buffer requirement. However, the move has been criticized by the Brexit supporters whenever the referendum poll gets nearer.
Mar 30, 2016 08:05 AM EDT
Prime Minister Li Keqiang is Optimist for China's Economic Recovery
In the annual Boao Forum for Asia (BFA) last Thursday, Premier Li Keqiang deliver keynote speech. He pledged the government will refrain to intervene in economic and market.
Mar 30, 2016 08:03 AM EDT
Mexico's January economic activity increases 2.9%
Economic activity in Mexico increased 2.9% during January 2016 from the corresponding period in 2015. The rise in economic activity was due to a robust performance by three sectors in the country.
Mar 30, 2016 08:01 AM EDT
Bitcoin underrated by more than $200 according to Investment Bank Needham & Co
The report released by Needham & Company, an investment bank and asset management company, showed that bitcoin has been undervalued by more than $200, nearly 58% based on the current price.
Mar 30, 2016 07:58 AM EDT
Current and Former Players Participated in Four-Day NFL Finance Camp
National Football League (NFL) will hold boot camp on April 4 to 7, 2016. A total of 28 current and former players with their family members participated in the finance camp in Florida.
Mar 30, 2016 07:56 AM EDT
France Emerged as Booming Tech Landscape, Startups Raised Almost 1 Billion Euros in 2015
French tech startups managed to secure almost 1 billion euros in funding last year, establishing the country’s place in the European tech landscape. Most investments were still made by domestic investors, although there are prominent foreign investors involved in big fundings.
Mar 29, 2016 09:35 AM EDT