What Happens When a Country Takes an IMF Loan
Immediately on assuming power in mid-2013, the government rushed for an IMF loan to stave off a default when depleting foreign exchange reserves of US $11 billion covered less than six weeks of imports. The reserves now stand at around…
Author of Upcoming Blockchain Book awarded Order of Canada
One of Canada’s most innovative intellectuals has been awarded one of the country’s most respected civilian honours. Don Tapscott, whose writing in such books as 1997’s The Digital Economy foresaw the drastic change the Internet would wreak on business and…
We should be so lucky as to have China’s crash
E-commerce has taken a stronger hold in China than in most major economies. Walt Disney Co.’s $5.5 billion (U.S.) investment in doubling the size of a Disneyland Shanghai, which will re-open in June, is a bet that China’s current tourism…
Market Flight To Gold Has Even Mark Cuban ‘Confused’
Billionaire investor Mark Cuban says the recent turmoil in global markets that has sent stocks plummeting around the world has him baffled and moving money into gold. The Shark Tank host revealed Thursday that he bought a good deal of…
The World Is Turning Japanese [Chart]
The World Is Turning Japanese [Chart] Nearly a year ago, Bank of Japan governor Haruhiko Kuroda described the unlikely inspiration behind Japan’s unprecedented monetary stimulus: Peter Pan. I trust that many of you are familiar with the story of Peter…
Counterpoint: A 21st Century Glass Steagall Act Is Needed
Counterpoint: A 21st Century Glass Steagall Act Is Needed Editor’s Note: For an alternative viewpoint, see: Point: Why We Shouldn’t Bring Back Glass-Steagall The Glass Steagall Act is the Depression-era law that gave financial companies a choice: you could be…
Banks resort to negative interest amid market collapse
NEW YORK – After a mid-day decline on Thursday that topped 350 points, the Dow rebounded in late afternoon trading to close down 254.56 points at 15,660.18, off 1.60 percent. The news of the day came from Federal Reserve Chairman…
IMJ Investment Partners launches $53M fund for Japan-based startups
Singapore-based VC IMJ Investment Partners has announced the establishment of IMJ Investment Partners Japan Fund 1 (IMJIP Japan Fund 1) to boost Japan’s tech ecosystem. It has already raised 2 billion yen ($18 million) and will seek to hit 6…
Nasdaq’s Blockchain Technology to Transform the Republic of Estonia’s e-Residency Shareholder Participation – Press Release issued by Nasdaq
February 12, 2016 (PPI-OT) / PRNewswire / Asianet-Pakistan: Following is the text of press release issued by Nasdaq Quote Nasdaq (Nasdaq:NDAQ) and the Republic of Estonia have announced that Estonia’s e-Residency platform will be facilitating a blockchain-based e-voting service to…
What the Big Short Can Teach You About Investing
My kids have the mental age of ten and eleven year olds, because, well, they are ten and eleven years old. So they fight pretty much constantly. When my son wants past his sister in the passage way and she’s…