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REFILE-UPDATE 4-China widens foreign access to its giant financial sector
BEIJING, Nov 10 (Reuters) - China will raise foreign
ownership limits in financial firms in a step granting access to
a tantalizing multi-trillion dollar financial services market,
as the world's second-biggest economy seeks to position itself
as a major global finance hub.
China will lift foreign ownership limits on financial market JVs: vice finance minister
BEIJING (Reuters) - China will lift the ceiling on foreign equity ownership in joint-venture firms involved in the futures, securities and funds markets to 51 percent, a vice finance minister said on Friday.
Santander Aims to Bolster FCA Relationship With Executive Shuffle
Santander Consumer USA announced a series of executive changes last week, leaving many asking why? One explanation may be that it’s a way to bolster its relationship with Fiat Chrysler Automobiles, Christopher Donat, managing director of equity research at Sandler O’Neill, told Auto Finance News. “[FCA] is their singleRead More
SoFi's CEO hiatus stalls its big-time banking ambitions
SAN FRANCISCO/NEW YORK, Oct 2 (Reuters) - Under the
leadership of Chief Executive Mike Cagney, Social Finance Inc
(SoFi) set its sights on becoming a one-stop shop for every
well-to-do millennial looking for financial services and a
AMC is partnering with Dreamscape Immersive to scale virtual reality technology in Hollywood
Movie theater chain AMC Entertainment Inc. said on Tuesday that it has entered into a wide-ranging strategic partnership with location-based virtual reality start up Dreamscape Immersive in a move that both side hope will "rapidly scale the development" of the virtual reality technology. AMC shares rose as much as 4% in Tuesday morning trade. As part of the deal, AMC will lead a $20 million series B funding round and invest $10 million in Dreamscape, as well as finance up to six Dreamscape VR centers in its cinemas over the next 18 months. AMC's theaters are also home to some of Imax Corp.'s VR centers. AMC will also invest $10 million into a content fund. Dreamscape has green-lit its first piece of original content and is in licensing talks with Hollywood studios. Dreamscape's series A funding round includes investors such as, Time Warner Inc.-owned Warner Bros., 21st Century Fox , Imax and Steven Spielberg. Shares of AMC have declined nearly 54% in the year to date, while the S&P 500 index is up more than 11%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Pricing for Affordability: Fair’s Mobility Structure Explained
Plenty of new startups are experimenting with the new models of car ownership and for the mobility company Fair, that thinking extends to a fundamentally new way of thinking about a consumer’s credit and how to price a vehicle, the co-founders told Auto Finance News. “For 100 years, we haveRead More
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