Utico submits binding offer to invest $400 million in Hyflux
Utico would provide working capital and any interim funding to Hyflux, according to CEO Richard Menezes...
Category : Finance
Hackers withdraw $40.7 mn in bitcoin from Binance crypto exchange
The illegitimate transaction has only affected the exchange’s BTC hot wallet which contained 2 percent of its total BTC holdings...
Blackrock and HSBC reaffirm interest in Saudi Arabia with dedicated funds
Global asset managers introduce ETFs tracking MSCI Saudi index in response to inclusion of Saudi equities in global indices...
Deutsche Bank, UBS asset management merger can create ‘European champion’
DWS has assets worth $662 billion under management and UBS $700 billion...
Ad hoc requests from regulators to force financial firms to implement right data strategies
A report says that there will be 373 new legislative initiatives targeting financial firms in Europe and the North America by 2021...
InstaReM partners with First Data for digital payments and card issuance
The partnership, combining InstaReM’s digital payments and remittance solution with First Data’s debit processing solution, delivers a powerful proposition for businesses like corporates and fintechs with a need to issue cards to employees, vendors, or consumers...
Litigation funding to double in five years
Litigation funding takes place when a third party, with no direct interest in the proceedings, finances the cost of litigation in return for a share of the claim proceeds if the litigation is successful...
Up to three million self-employed workers neglect building pension
Study finds the number opting to avoid pension scheme payments has risen 12% in a single year, as the Taylor Review calls for a new auto-enrollment option for self-employed workers...
Sage hits $1 million fundraising for grassroots charities around the world
Celebrating the achievement at the Sage Reading Half Marathon, CEO Steve Hare announced plans to double the target...
EBA Clearing’s RT1 expands presence in Germany
The real-time payments system RT1 has welcomed three additional major German payment market players—Deutsche Bank, DZ BANK and Commerzbank—since November 2018...