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Japan’s FSA to launch fintech testing hub

Jul 05, 2017 12:06 pm UTC| Fintech

Japans Financial Services Agency announced that it will offer a framework for fintech firms to test new technologies, services and innovations in order to identify legal complications and risks standing in the way of...

Blockchain Revolution Series

Barclays’ Rise to host variety of fintech events during London Fintech Week

Jul 05, 2017 10:31 am UTC| Fintech

Rise, an open innovation programme created by Barclays, is going to host a number of events during the London FinTech Week from 10-14 July at 41 Luke Street, London. The events include discussions on the current hot...

Blockchain Revolution Series

Fintech firm Global Debt Registry completes blockchain proof-of-concept

Jul 04, 2017 10:38 am UTC| Digital Currency Fintech

Global Debt Registry (GDR), a fintech company based in Delaware, has announced the completion of a secure permissioned blockchain proof-of-concept (POC). In its official release, the company explained that the inaugural...

Hong Kong Qianhai Authority, Dubai’s FSRA partner to drive investment and fintech cooperation

Jul 03, 2017 09:57 am UTC| Fintech

The Authority of Qianhai Shenzhen- Hong Kong Modern Service Industry Cooperation Zone (Qianhai Authority) has partnered with Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to foster and...

Monetary Authority of Singapore signs fintech agreement with Danish Financial Supervisory Authority

Jun 29, 2017 11:26 am UTC| Fintech

The Monetary Authority of Singapore (MAS) has signed a FinTech Co-operation Agreement with the Danish Financial Supervisory Authority (Danish FSA) to help fintech companies in the two countries to expand into each others...

Hong Kong sets up Fintech Association

Jun 29, 2017 07:52 am UTC| Fintech

The Fintech Association of Hong Kong was launched officially in order to pioneer an inclusive and diverse fintech community in the country. According to the report, the launch event saw more than 300 guests across the...

ASIC, SC enter Innovation Cooperation Agreement to foster fintech innovation

Jun 28, 2017 11:37 am UTC| Fintech

Securities Commission Malaysia (SC) announced that it has entered into an Innovation Cooperation Agreement with the Australian Securities and Investments Commission (ASIC) in a move to bolster fintech innovation in...

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Economy

U.S. Stock Futures Steady as Iran Reviews U.S. Ceasefire Proposal

U.S. stock index futures held relatively steady on Wednesday evening after Iran signaled it was reviewing a ceasefire proposal put forward by Washington aimed at ending the ongoing Middle East conflict. The cautious market...

Oil Prices Climb as Iran Reviews U.S. Peace Proposal Amid Middle East Tensions

Oil prices edged higher during Asian trading on Thursday as conflicting signals over potential Middle East de-escalation kept energy markets on alert. Brent crude futures for May delivery rose 0.8% to $103.02 per barrel,...

Gold Prices Climb as Middle East Ceasefire Talks Stir Market Optimism

Gold prices edged higher on Wednesday as cautious optimism surrounding potential U.S.-Iran ceasefire negotiations lifted sentiment across global markets. Spot gold climbed 0.7% to $4,504.58 per ounce, while U.S. gold...

Middle East War Rattles Global Markets as Oil Tops $100 and Dollar Surges

Asian equity markets struggled to find clear direction on Thursday as investors navigated a rapidly shifting geopolitical landscape in the Middle East. Iran signaled conditional willingness to consider a U.S.-backed...

Federal Reserve Balance Sheet Reduction: Brookings Research Outlines Possible Path Forward

New research from the Brookings Institution suggests the Federal Reserve could shrink its balance sheet through a combination of regulatory adjustments, payment system reforms, and more active market interventions without...

Politics

Russia-Iran Military Alliance Deepens With Drone Shipments Amid Middle East Tensions

Moscow is moving closer to completing a multi-phase transfer of lethal drones, medicine, and food supplies to Tehran, according to Western intelligence sources cited by the Financial Times. The deliveries are designed to...

Trump Seeks Quick End to U.S.-Iran Conflict Amid Ongoing Middle East Tensions

President Donald Trump has privately told close advisers that he wants to avoid a drawn-out war with Iran and is pushing for a swift resolution to the ongoing conflict, according to a Wall Street Journal report published...

Iran-U.S. Negotiations: Tehran Reviews American Peace Proposal Amid Ongoing Gulf Conflict

Irans foreign minister confirmed Wednesday that Tehran is examining a United States peace proposal aimed at ending the escalating Gulf war, though officials stressed this falls short of direct negotiations between the two...

FEMA Reinstates $1 Billion Disaster Prevention Grant Program After Court Order

The Federal Emergency Management Agency has announced the resumption of a key disaster prevention initiative after facing legal challenges that forced the reversal of its earlier cancellation. The agency is once again...

Taiwan Arms Deal on Track Despite U.S.-China Summit Uncertainty

Taiwans Defense Minister Wellington Koo confirmed Thursday that the next major U.S. arms sale to the island remains on schedule, revealing that Taipei has already received a formal letter of guarantee from Washington...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling

Major memory chipmakers took a significant hit on Thursday after Google researchers introduced a groundbreaking compression algorithm that threatens to reduce artificial intelligence demand for memory chips. Samsung...

Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round

Nvidia-backed artificial intelligence startup Reflection AI is in advanced discussions to secure $2.5 billion in fresh funding, with negotiations pointing to a staggering pre-money valuation of $25 billion, according to a...

Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco

Shares of Taiwan-based memory chip manufacturer Nanya Technology soared to their daily limit of 10% on Thursday morning following the companys announcement of a major $2.5 billion private placement deal backed by prominent...

SK Hynix Eyes Up to $14 Billion U.S. IPO to Fund AI Chip Expansion

South Korean memory chip giant SK Hynix has submitted a confidential filing for a U.S. stock market listing in 2026, with sources indicating the move could raise as much as $14 billion. The company intends to offer...

Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push

Meta Platforms made a significant move this week by granting restricted stock units and stock options to several of its most senior leaders, including Chief Financial Officer Susan Li and Chief Technology Officer Andrew...
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