Monte dei Paschi di Siena tries to keep €5bn rescue plan alive. Monte dei Paschi di Siena (MPS) executives are fighting to salvage a multibillion-euro rescue by private investors in a frantic attempt to prop up the bank.
Investors
Investment Industry Waits For Trump’s Stance On Fiduciary Rule
The landscape for the investment industry remains uncertain as the financial advisors and broker-dealers are yet to know the intention of the incoming administration regarding the fiduciary rule. The rule was passed earlier this year and is scheduled to take effect on April 10, 2017.
Apple Hints Possible Investment In SoftBank’s $100 Billion Tech Fund
Unconfirmed reports surfaced about Apple meeting with the telecommunications giant SoftBank for a $1 billion investment in the latter's tech fund. The fund is set to be launched next year to support emerging technologies.
Metro-Goldwyn-Mayer Invests In Virtual Reality Firm Survios
Virtual reality firm Survios has raised a total of $50 million in its round of funding, including an investment by Hollywood studio Metro-Goldwyn-Mayer.
Honda, Grab Seals Partnership With Strategic Investment
Honda has invested an undisclosed sum to Uber's Asian rival, Grab, in a partnership that looks to boost services amid increased competition.
Latest News
Best Investment Strategy: Buy Stocks Blind. Many value investors are using the wrong investment strategy. Individuals wanting to profit from the stock market are consistently trying to become the next Warren Buffett.
The latest Motilal Oswal study stated that focused investing will fetch higher returns than spreading investments over a larger number of stocks. The study also reported on the key factors in getting higher returns, as well as the mistakes investors must avoid.
Northern Ireland's Department for Communities stated that the government has committed $44 million to address the issue of homelessness. The funding will be used to provide support services for the homeless sector which Minister Paul Givan has communicated with in order to know their views.
Intel And Microsoft Still Continue Ties As They Renew 'Wintel' Partnership The partnership of Microsoft and Intel reforged their traditional "Wintel" partnership with a collaboration called "Project Evo" in which the two companies said that they will work together to improve how PCs think, see and hear.
DST Global Leads $80 Million Private Investment in Nubank. Yuri Milner of DST Global, the investment firm started by a Russian venture capitalist, has led an $80 million private investment in a Brazilian start-up called Nubank, the company is expected to announce this week.
Walmart to invest $1.3 billion in Mexico. On the news is the Walmart's Mexico unit will invest $1. 3 billion over the next three years, company officials announced Wednesday at an event with Mexican President Enrique Peña Nieto.
President-elect Donald Trump met with SoftBank CEO Masayoshi Son on Tuesday. The telecom mogul confirmed his plan to invest $50 billion in the U.S., with the aim of creating 50,000 jobs.
Swiss pharmaceutical giant Roche has experienced an improved revenue this year. However, it also saw a decline in market cap as its invetors remain cautious on broader industry factors.
Here are four ideas for you to take advantage the historical low tax rates. If the plans come to pass, people who live off their investments, like retirees, will have to worry less about taxes and they'll have more options, especially in the bond market.
