The Olympics have been the training ground for more than one current financial advisor.
In tough markets, investors have historically turned to safe-haven investments such as core sovereign bond markets and gold, reports Financial Times contributor Peter Tasker, a Tokyo-based analyst.
In an attempt to bump up its revenue, Facebook is now allowing its adult users in the U.K. to play at online gambling, reports TechCrunch. The first app to hit the network is called Bingo Friendzy, which offers various bingo and slot machine games. Players put real money on the table rather than site credits. […]
Bank of England Governor Mervyn King has criticized New York regulators for publicizing its money laundering accusations against Standard Chartered. He says other regulators haven’t completed their own investigations of the bank, and characterized the early strike as too preemptive. On Monday, the New York State Department of Financial Services accused it of laundering $250 […]
Knight Capital Group—the firm responsible for last week’s stock market mayhem—was offered a US$400 million lifeline from other Wall Street companies yesterday. But, the handout comes at a steep price. Knight says it will get the cash infusion from an investor group led by Jefferies Group, as well as Blackstone, Getco, Stephens, Stifel Nicolaus and […]
Google has bought Wildfire—a company specializing in social media marketing—to intensify its competition with Facebook for ad dollars. Google+ is lagging behind Facebook when it comes to ad revenue, but its acquisition of the California-based startup company will let it provide new, advanced software and services to Brands. They will be able to run contests, […]
Spain’s long-term government debt rating is stable for now, says ratings firm S&P, so long as the government doesn’t increase the country’s bank bailout, reports the Wall Street Journal. Struggling Bankia—the country’s third largest lender—was rescued in late May, with an infusion of $23.78 billion, or €19 billion. And while Prime Minister Mariano Rajoy said […]
Global financial regulators have released a consultation paper on how to plan for the potential failure of firms that make up financial market infrastructure. The paper was published by the Committee on Payment and Settlement Systems (CPSS) and IOSCO, and outlines the issues that should be taken into account when developing recovery plans for different […]
Marketers are increasingly required to justify social campaigns and marketing budgets with ROI data, says Parta Dialogue, a global social media solutions company. It recently netted two new global customers for its eValue social media ROI suite, having seen it grow progressively over 2012. This year, over half (62%) of marketers indicated that proving investment […]
Twitter is smaller than online giants Google and Facebook, but the little social media engine expects to generate at least US$1-billion in sales in 2014, reports Financial Post. It says EMarketer researchers predict Twitter advertising sales—which account for almost all its revenue—will rise to US$540-million in 2014, up from US$139.5-million last year. Read: Engage clients […]