Happy 150th Birthday Canada
Cheers from the Team at Black Swan Dexteritas, Tech Hedge Fund. Enjoy and stay safe !!!<br />
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China August Forex Reserves Fall To Lowest Since 2011
China's reserves fell to $3.185 trillion in August - the lowest since December 2011 - from $3.20 trillion at the end of July.
Lansdowne Explains Capita Plc Short, Bullish On Credit Agricole
Lansdowne Princay Fund Ltd was down 1.24% in the first quarter, even after grabbing a 3.15% return in March. During the same time, the European stock market fell 8%. The fund explains why it is bullish on the French bank Credit Agricole and bearish on business solutions company Capita plc in U.K. Lansdowne Princay fund managers spent most of the quarterly letter explaining why they have kept a large gross and net long exposure. The fund has a bias towards cyclical stocks and believes that the current fundamentals of economy, low rates, low oil prices and a favorable forex market makes the case...
Tapping A New Market Of Traders, BUX Closes $6.9M Funding Round Amid Strong User Growth
Reaching 350,000 in registered users since launching at the end of 2014, BUX leverages growth to close a $6.9 million funding round.Keep on reading: Tapping a New Market of Traders, BUX Closes $6.9m Funding Round Amid Strong User Growth
Covercy Closes $1.5M Seed Round, Led By Leverate Founder Doron Cohen
<span style="line-height: 20.8px;">Israeli currency exchange startup, Covercy, has closed a $1.5 million funding round in a deal led by SGVC.</span>
Indonesia’s Lippo Group Invests In Singapore Fintech Startup Call Levels
Call Levels had previously secured investments from angel investors like Koh Boon Hwee, formerly a chairman of DBS Bank, and Timothy Teo, as well as US venture fund 500 Startups.
Lonely Yuan Bulls Say The Hedge Fund Crowd Has It All Wrong
Thirty-nine of 45 strategists tracked by Bloomberg say the currency will drop against the dollar by year-end, while bearish option bets have swelled to a notional $443 billion as hedge fund managers from Bill Ackman to Crispin Odey positioned for declines. China’s record levels of debt, slowing economic growth and accelerating capital outflows make a compelling case for pessimism. Yet not everyone is jumping on the bearish bandwagon. A tiny but vocal group...
Nigeria: Senate Urges CBN To Relax Forex Policy
The Nigerian Senate has urged the Central Bank of Nigeria to relax its strict Foreign Exchange policy as it is doing more harm to the economy than good.
Standard Chartered Among Banks In China Forex Ban: Sources
Standard Chartered is among three lenders that China's central bank last week suspended from conducting some foreign exchange business until the end of March, two sources with direct knowledge told Reuters Wednesday.
StanChart Axes Top Bankers In Energy M&A Team
Standard Chartered has axed at least half a dozen oil and gas advisory banking roles in recent weeks, ending an eight-year attempt to build a global energy mergers and acquisitions (M&A) team, as new chief executive Bill Winters moves to rein in costs.