Blackrock buys $875m stake in Authentic Brands August 12, 2019 Blackrock has bought an $875m (£727m) stake in Authentic Brands, making it the largest shareholder in the celebrity licensing company that owns brand rights to Marilyn Monroe and Muhammed Ali The acquisition of a controlling stake in Authentic Brands, which also owns Sports Illustrated and Juicy Couture, marks the first investment for Blackrock’s new private [...]
Privacy regulators ‘concerned’ by Facebook’s Libra cryptocurrency August 5, 2019 The UK information commissioner has joined global regulators in worries over Facebook’s plans to launch its own cryptocurrency. Elizabeth Denham said she was “concerned” over the lack of detail on how Facebook and its partners will handle personal information. Read more: Facebook’s libra cryptocurrency ‘poses global currency threat’ The social network’s role is considered particularly [...]
What chance do Initial Exchange Offerings stand against the SEC? July 30, 2019 As American Psycho would probably say, Initial Exchange Offerings are akin to Dorsia – currently the trendiest restaurant in town that everyone is trying to get a table at. While Initial Coin Offerings (ICO’s) had the title in 2017, authorities soon caught up in the latter half of 2018 and subjected them to a ‘crypto [...]
Only a fifth of investors held their nerve during 2018 stock market tumble July 15, 2019 | City Talk 2018 was a tough year for investors with sharp falls in global stock markets testing the nerve of investors. New global research shows that only 18 per cent of investors said they stuck with their investment plans during the volatile three-month period at the end of 2018. The findings were part of Schroders Global Investor [...]
Economist gets in squabble over bitcoin tape July 3, 2019 A top economist has hit out at Bitcoin, saying it will be confined to museums in five years, and sparking a backlash from the crypto community. Nouriel Roubini, famed for predicting the 2008 financial crisis, said that cryptocurrencies bitcoin, ethereum and monero will be consigned to the Museum of Failed Coins, according to reports. Read [...]
