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.
Country
Knesset Affixes Maximum Ceiling of Exec Pay In FIs Aiming To Reduce Wage Disparity
Knesset has passed a bill that fixes maximum ceiling of executives in the financial institutions with no opposition. The bill turned law aims to reduce wage gap. However, a similar attempt in the US has backfired since the revised law allows exemptions for extraordinary performances.
Hoist Finance confirms talks with Bank of Greece over partnership
Hoist Finance Publ AB has confirmed that negotiations are going on for strategic partnership with Bank of Greece. If fruitful, the strategic partnership may generate more opportunities in Greece economy through Hoist Finance.
Investments in Scottish commercial property up 33%
Scotland commercial property recorded 33 percent growth rate in investments during the first quarter of 2016. Office buildings are adding value to Scottish property market. Over 40 percent of investments came from overseas investors.
$2.6-bln buying binge puts SunEdison on brink of collapse
The aggressive buying binge of SunEdison Inc has resulted in a total debt of $12 billion. The US-based clean-energy company may seek bankruptcy protection.
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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.
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.
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.
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.
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.
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.
New Zealand home buyers have the new option for home loan. On Tuesday Crown Finance Limited launched its Freedom Home Loans.
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.
Arun Jaitley, India's Finance Minister, has voiced for a possible interest rate cut ahead of Reserve Bank of India's (RBI) review meeting next week, while focusing on controlling fiscal deficit. The Centre has already slashed interest rate on small savings making more conducive weather for lending rate cut.
