This merger assumes significance midst the growing global clamour for going cashless. In a significant development, French payments processing company Worldline has agreed to acquire Digital River World Payments (DRWP), its Swedish peer. The move marks a pickup in the merger activity in the payments sector. Although Worldline did not disclose the quantum it had…
With the potential for another election still a distinct possibility, many market participants are kept on the edge by U.K. leader Theresa May and her weakened government despite the fact that the government has weathered a particular nasty political storm in recent months. There is “considerable risk of the (U.K.’s) government collapsing,” says Joan Hoey,…
After announcing new incentives for U.S. businesses to go cashless, Visa is hoping to extend its “war on cash” agenda to businesses in the U.K. To help them convert to a cashless payment model, a “cashless challenge” which would see 50 U.S. businesses receive $10,000 each would be launched, the payment technology company has revealed…
Certain member states of the Trans-Pacific Partnership countries now need convincing to stay on board with the massive trade deal even as the 11 remaining TPP countries continue talks without Washington this week. After President Donald Trump’s decision to withdraw the U.S. earlier this year the TPP no longer remains alive as the world’s largest trade…
If this key technology demonstration test meets expectations it is likely to further wet investor appetite in the company which has so far raised $160 million in funding. Engineers of U.S. Los Angeles-based Hyperloop One will soon begin conducting a crucial test that will determine the maturity of the futuristic technology championed by Elon Musk…
The German government has raised the bar on criteria for overseas acquirers seeking to snap up domestic targets in tech-heavy industries, and analysts believe that Germany has essentially reacted to last year’s foreign deal-making frenzy. In case a deal is perceived to threaten public order or national security, the German government is allowed to block…
Credit Suisse has said that as it turned more optimistic on the region’s banking sector, and in a shift that bodes well for Southeast Asian countries, domestic demand, instead of exports, will drive economic growth in the second half of 2017. Demand from other major economies is unlikely to fill that gap that has been created by the…
With the intention of serving as a hub for scouting startup investments and acquisitions in Europe, Samsung Electronics Co.is opening up an office in Berlin. As a part of a push to invest in and acquire fledgling companies in areas such as connected appliances, AI and augmented reality, Samsung is scouting office space for next…
In response to growing stress in the market, as well as a bank-wide push for more centralized risk controls, Wells Fargo & Co is scaling back and remolding its auto lending business. According to a May 11 company presentation, over the nine months leading into March 31, quarterly originations by nearly 30 percent have already…
In the last four years the price of bitcoins have jumped by 264%. In a significant development that could lead to the widespread adoption of bitcoin technology, the global chief investment strategist for BlackRock Inc has suggested that while a loose monetary policy may have aided speculation in digital currencies, including bitcoin, the risks to…
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