bank

No Image

Evergen edges closer to destroying coal-fired power stations

ExclusiveJun 1, 2020 – 9.00amRenewable energy software company Evergen is one step closer to achieving its ambitious goal of destroying 10 coal-fired power stations in 10 continents in the next three years, having raised $6 million to accelerate its growth.The business, founded in 2015 in a joint initiative by CSIRO and AMP Capital, has developed…


No Image

ASX to rise; Caution on China high

LiveUpdated May 25, 2020 – 8.30am, first published at 7.53amKey PointsThe Australian sharemarket is poised to rise at the open this morning.Tensions between the US and China continue to simmer.6 mins ago – 8.30amSandfire to restart drilling in BotswanaWilliam McInnesSandfire Resources is set to resume exploration activity in Botswana by early June after the government…



Small-business loan program just hit its $350 billion cap and is now out of money – NBCNews.com

Small-business loan program just hit its $350 billion cap and is now out of money – NBCNews.com

One of the main coronavirus relief fund sources for suffering small businesses hit its $350 billion limit Thursday and is no longer accepting any more lenders or applications, the Small Business Administration announced.”The SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding,” SBA spokesperson Jennifer Kelly…



Fed slashes interest rates to near zero

Fed slashes interest rates to near zero

Mar 16, 2020 – 8.11amWashington | The US Federal Reserve cut interest rates for the second time in less than two weeks on Sunday (Monday AEDT) in another emergency move to help shore up the US economy amid the rapidly escalating global coronavirus pandemic.In a statement, the central bank said it was cutting rates by…



No Image

Fed holds, retains optimism on US economy

Jan 30, 2020 — 6.04amPolicymakers at the Federal Reserve voted to keep the key US interest rate unchanged. Markets were little changed as investors awaited comments from Fed chairman Jerome Powell.In a statement, the policy committee said: “Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although…


GE Pension Failure Could Send Investors into Arms of Bitcoin

GE Pension Failure Could Send Investors into Arms of Bitcoin

General Electric (GE) has decided to freeze its pension plan, removing two of the key features that have come to be associated with retirement savings – secure and guaranteed – for tens of thousands of employees. GE isn’t the first company to pull the plug, but as one of the oldest traditional companies in corporate…


No Image

Fearful Banks Show Negative Bias Toward Crypto Investors

Banks are afraid of bitcoin and some of them are responding in a way that’s driving customers away. On July 18, founder and partner at Morgan Creek Digital Anthony Pompliano shared on Twitter an epic email from a disgruntled client that was sent to the CEO of the Royal Bank of Canada (RBC). The letter…