UniCredit, one of the leading European commercial banks, and Anthemis Group, the leading financial services technology venture and advisory firm, today announced a new joint investment venture. UniCredit EVO (equity venture opportunities) will be a dedicated initiative focused exclusively on identifying and investing in best-in-class financial technology startups. With an initial capital commitment of €200 million from UniCredit, the initiative will target mid stage startups and follow-on investments in more mature and established FinTech businesses, as well as early stage digitally native financial services startups working on more pioneering solutions.
Elite Capital & Co. Limited (“ECC”) is a private limited company that provides project related services including Management, Consultancy and Funding, particularly for large commercial and infrastructure projects. Elite Capital & Co. Limited has its head office in London (UK), with a Board Members, Staff and Agents being located across the Europe, Middle East, Asia and Africa. They have multi lingual staff to ensure they accommodate all of their client’s needs. ECC offers a wealth of experience in Banking & Financial transactions and has a range of specialized advisory services for private, SME or corporate clients.
When required they can also customize and structure products and services to meet the specific needs of their clients. They will continue to customize, structure, create and implement funding products and services as the need requires. Elite Capital & Co. has made strategic alliances with several organizations and companies which have given them access to international markets in Europe, Asia, Africa, Middle East and GCC regions. This has given Elite Capital & Co. a substantial foundation of clients to build on, in addition to access to the markets that are most in need of the products and services they offer.
Once regarded as the final frontier of international investment, Africa has slowly emerged as the hottest destination for emerging markets investors. In the space of a decade, Africa's gone from being a hopeless case to a star performer.
It wasn't so long ago that Africa was widely held to be uncharted territory among international investors, drawing only the foolhardy or the foolish. Savvy investors stayed well away. Fifteen years ago, The Economist labelled Africa 'the hopeless continent'. Fast-forward to 2015, Africa's now the go-to destination for emerging market investors. If an investor's not involved in Africa, the question is, "why not?". And it's not hard to see why.
Chinese companies are discovering the long-term benefit in Africa
In the past decade, investments from China into Africa have skyrocketed, placing the country squarely among Africa’s most valued partners. Not only has the Asian giant provided a stable market for Africa’s wealth of raw materials, but it is also playing a pivotal role in the continent’s development by building and upgrading vital infrastructure and providing the investment capital that helps to free up government revenues for the vital priorities of education and healthcare.
The tiny city-state of San Marino has a proud and distinguished profile on the global stage. It's the oldest republic in existence, for starters. And while it's among the world's smallest countries, it's also among the wealthiest. It has a particularly advanced banking sector, which, right now, is punching well above its weight and making its presence felt internationally.
At the forefront of this is Banca CIS - Credito Industriale Sammarinese S.p.A., one of San Marino's most dynamic financial institutions. Over the last three years, Banca CIS has undergone quite profound structural and organisational development. Banca CIS is the product of the 2012 acquisition of Credito Industriale Sammarinese, a long-established financial institution in San Marino, by Banca Partner, a private bank focused on Asset Management. The combined entity - renamed Banca CIS - subsequently acquired assets and liabilities from Euro Commercial Bank.
India and China have been in competition from a geopolitical stance for years but their rivalry doesn’t stop there. As far back as the late 1940s, their respective financial markets have been in opposition and the race to achieve the greatest economic growth isn’t showing any signs of slowing.
India, Asia's third-largest economy, presents a profitable opportunity for both short-term traders and long-term investors. In 1970, the GDP of India was $63.5 billion and in 2014, GDP stood at $2066.90 billion. With its staggering market size - the country is home to 1.25 billion people; with more than 65% of the population younger than 35 - India is an untapped resource.
Saxo Payments, the global transactions services provider, has been chosen by Lycamoney Financial Services Ltd, for its new International Money Remittance business, LycaRemit. As a member of the Saxo Payments Banking Marketplace, LycaRemit will benefit from low FX charges and real-time payments, giving it a competitive edge in the money transfer market and helping the start-up business to grow rapidly, with a particular focus on capturing the Asian market. LycaRemit is an online service that enables individuals to send money across the globe, at attractive FX rates, via their computer, smartphone or tablet. It is the newest addition to the Lyca Group, which also includes Lycamobile the largest mobile virtual network operator in Europe, offering low cost, high quality international calls to over 30 million customers across 19 countries.
In periods of extreme volatility within asset markets, it is hugely important to take a step back from the noise and return to the fundamental backdrop. Our view remains one where activity paints a supportive macro picture, particularly out of developed markets. Data in the US, UK and Europe remains encouraging; yes, it is backward looking in some instances, but the message is one of resilience as we approach the last quarter of 2015, even in the face of weaker emerging economy headwinds.
US data exhibits an economy which is broadening out in terms of expansion and one that no longer requires an emergency policy stance from the Federal Reserve. At the headline level, last week’s revision higher of second quarter GDP to 3.7% was corroborative of our view. US consumption remains healthy, while the positive implications of the oil dividend should continue to play out. We remain of the view that the Fed should start to gradually raise rates and the economy and markets can digest this. The missing link remains inflation, but in the Jackson Hole summit over the weekend the Fed reinforced its conviction that the current disinflationary impulse is energy led and transitory.
Euroclear Bank, the Brussels-based international central securities depository (ICSD), and China Construction Bank (CCB) have today signed a Memorandum of Understanding (MoU) to further develop the offshore Renminbi (RMB) capital market. CCB Chairman Wang Hongzhang, Euroclear group Chairman Marc Antoine Autheman, and Euroclear Chief Technology and Services Officer Lieve Mostrey attended the signing ceremony, joined by the Premier of the State Council of the People's Republic of China, Li Keqiang, and the Belgian Prime Minister, Charles Michel.
Why the Negative Balance Protection is Important
The recent CHF debacle has been quite instructive for a number of reasons. We all agree that low volatility is a bad thing in retail forex, but too much of it can be catastrophic. However, it’s precisely when the markets stray from that comfortable middle ground that we get a unique insight as to who’s who in this industry. The confusing acronyms and contradictory marketing copy fall away and we see brokers through their actions. This is exactly what happened in January when the SNB removed its 1.20 floor. Many market-making brokers not only appear to have been unaffected by the unprecedented EUR/CHF move, but also seem to have done quite nicely out of it by passing on huge amounts of negative slippage to their clients, proving once and for all that their interests are diametrically opposed to those of their clients.