Economy

The Increasing Use of Smart Devices is Driving the Global Mobile Payment Market Growth

FinancialBuzz.com News Commentary Mobile payment platforms have become widely popular around the globe as a result of their simplicity and accessibility. Consumers can just open their mobile devices and make, or transfer, payments in the palm of their hands. Many financial institutions have diversified themselves and launched mobile banking platforms for their consumers. Meanwhile, many retailers are adopting mobile payment solutions for ease of payment transactions, causing the industry to

Dutch Retailer HEMA to Accelerate Expansion in GCC

Acquisition of HEMA by Ramphastos to support growth strategy   Parties have announced that Ramphastos Investments (”Ramphastos”), the investment company of entrepreneur Marcel Boekhoorn, intends to acquire HEMA. With its new owner, HEMA can focus fully in the next few years on international expansion (incl. GCC), online growth, and improving profitability.       (Logo: https://mma.prnewswire.com/media/774176/HEMA_BV_Logo.jpg ) With Ramphastos as its new owner, HEMA will be able to fulfil its growth ambitions

Cobalt 27 Announces Upsized US$200 Million Credit Facility

Cobalt 27 Capital Corp. (‘Cobalt 27’ or the ‘Company’) (TSXV: KBLT) (OTCQX: CBLLF) (FRA: 27O), is pleased to announce that the Company entered into an amended and upsized revolving term credit facility (the ‘Amended Credit Facility’), whereby the Company will have access to a US$200 million credit facility which replaces its undrawn US$80 million credit facility announced on May 17, 2018. National Bank of Canada, Bank of Montreal and The Bank of Nova Scotia acted

Consortium Aims at Speeding up Adoption of Cryptocurrencies Backed Government Currencies

Financialnewsmedia.com News Commentary  Many do not know the fact that Cryptocurrency has been making news since the inception of the World Wide Web and recently has aimed to disrupt operations in the virtual world. According to an article published by CNBC, two of the largest cryptocurrency companies, Coinbase and Circle, are joining forces to establish more ground rules in the quickly evolving asset class. The start-ups announced a joint-venture known

James Rodriguez makes history as JR10 Token is launched on SelfDax

This not only means that more fans can possess JR10 Token now, but also marks James as the first person in the world to realize the trading and circulation of personal digital assets. It has once again made history and opened a new era of personal value digitization. JR10 Token is a personal cryptocurrency launched by James Rodriguez through the SelfSell platform. The issuance of JR10 Token enables James to eventually

Royal Dutch Shell plc: Transaction in Own Shares

Royal Dutch Shell plc (the ”Company”) (NYSE: RDS.A) (NYSE: RDS.B) announces that on September 24, 2018 it purchased the following number of ‘A’ Shares for cancellation. Aggregated information on ‘A‘ shares purchased according to trading venues:  Date of Number of Highest price Lowest price Volume Venue purchase ‘A’ shares paid: paid: weighted purchased (GBp) (GBp) average price paid per share (GBp) September 24, 313,970 2613.50 2570.00 2594.72 LSE 2018 September

Multiven and Mandala Exchange Sign a Strategic Financial and Technological Agreement

Multiven and Mandala have today announced the beginning of a strategic relationship and engagement marked with Mandala”s participation in Multiven”s ongoing crowdsale. As the Multiven platform goes live, arrangements will be made for the listing of Multicoins on the Mandala Exchange. Mandala has also expressed intent to participate in Multivens B-Fence program, where Multiven offers cyber-defence services, enhancing cyber security for program participants and their user base. Multiven”s B-Fence program,

Companies Outperforming the FANG+ Index Under President Donald Trump

FinancialNewsMedia.com News Commentary  Under the administration of President Donald Trump, the U.S. stock market has been on an amazing growth run. Corporate earnings have been up, GDP growth has been strong, and unemployment is near historic lows. Tech shares have benefited most from President Donald Trump”s saber-rattling trade strategy, outperforming other sectors by a large margin. The FANG+ Index (INDEXNYSEGIS: NYFANG) (NYBOT:FNG=F) consisting of a select group of 10 next

AXA CEO Interview - Half Year 2018 Earnings (Video)

AXA, a worldwide leader in insurance and asset management, reports half year 2018 earnings. Thomas Buberl, CEO of AXA, comments on the Group”s performance. Watch video interview and read transcript:  https://www.eurobusinessmedia.com/video/axa-half-year-2018-earnings/?utm_source=ceo-direct&utm_medium=wire Topics covered in the interview include:  – Results – Important initiatives in 2017 About The AXA Group The AXA Group is a worldwide leader in insurance and asset management, with 160,000 employees serving 105 million clients in 64 countries.

Canaccord Genuity Group Inc. Reports First Quarter Fiscal 2019 Results

(All dollar amounts are stated in Canadian dollars unless otherwise indicated) TORONTO, Aug. 1, 2018 /PRNewswire/ — During the first quarter of fiscal 2019, the quarter ended June 30, 2018, Canaccord Genuity Group Inc. (Canaccord Genuity, the Company) (TSX: CF) generated $274.1 million in revenue. Excluding significant items (1), the Company recorded net income (3) of $25.0 million or net income of $21.7 million attributable to common shareholders (2) (earnings per common share of $0.19). Including