China’s Central Bank To More Tightly Control Chinese FinTechs
* Stories are summarized by an A.I.
* Stocks or companies mentioned: Norwegian Air, FB, MOMO, AAPL, MA, Spring House Coworking, BA, YUM and Wirecard
China’s Central Bank To More Tightly Control Chinese FinTechs
PYMNTS
The People’s Bank of China (PBoC) is looking toward new technologies to keep a closer eye on the nation’s FinTech, blockchain and digital lending markets. Yet onlookers have noted that PBoC has been working diligently toward its own FinTech growth. Additionally, the bank said it should strengthen financial risk remediation as well as its policy propaganda interpretation and respond quickly to social concerns. While its actions seem contradictory, PBoC recently published a three-year FinTech development plan, which could help clarify its position. Experts noted the central bank’s goal seems to aim to increase the “controllability” of the country’s FinTech, while also boosting risk prevention.
Read More
Norwegian Air asks for bond repayment extensions
Norwegian Air Shuttle ASA | Financial Post
It was forced it to seek 3 billion crowns ($335 million) from shareholders this year. Negotiations are still ongoing to bring in an outside investor to take a stake in parts of its aircraft fleet, it added. Such technical problems have negatively affected Norwegian’s working capital by some 1.5 billion crowns, Norwegian Air said. It said working capital was down by approximately 4 billion crowns versus the second quarter of 2018 as a result. ($1 = 8.9564 Norwegian crowns)
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Facebook's Libra could undercut ECB's powers: Mersch
FB (Facebook Inc.) | Reuters
Widespread acceptance of Facebook’s proposed Libra currency could even undermine the European Central Bank’s ability to set monetary policy, a potential risk for the currency bloc, ECB board member Yves Mersch said on Monday.
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China's New Deepfake App ZAO Sparks Huge 'FaceApp-Like' Privacy Storm
MOMO (Momo Inc.) | Forbes
It seems China is having a FaceApp privacy storm moment—you'll need to ignore the irony for a moment—as the ZAO face-swapping app has become an overnight sensation. ZAO is a new AI-based "deepfake" app that allows users to swap faces with celebrities in video clips. Launched on Friday, the app quickly became the most downloaded app in China's App Store over the weekend. Interestingly, the privacy issue has dropped the app's ratings in the App Store. Such is the privacy storm in China about the ZAO app, that even state-controlled media is running the story.
Read More
The Apple Crystal Ball: Separating Safe Bets From Wild Speculation
AAPL (Apple Inc) | PYMNTS
For the next week or so the speculation will reach its annual pitch as leaks and “leaks” make the rounds. Will that trend carry on during the fall event — colloquially known at the Fall iPhone event — in a week? Other Areas To WatchAs for the iPhone’s potential co-stars this time around, the Apple Watch is looking like an increasingly likely candidate to take some share of the limelight. Its fall event is an excellent place for Apple to assert the continuing dominance of the wearables market, and most watchers are expecting see the Apple Watch 5 make its first world appearance. There is some outside speculation, however, that a name change could be on the way — and that the newest version of the Apple Watch might not be called the Series 5.
Read More
B2B’s Summer Of Faster, Integrated Payments
MA (Mastercard Incorporated) | PYMNTS
For B2B payments, this summer was a season of technological progress. In another collaboration with Mastercard this summer, the PYMNTS B2B Payments Automation Innovation Playbook similarly revealed that the demand for AP automation is on the rise. From the Fed’s faster payments announcement to the launch of Visa B2B Connect, PYMNTS looks back at some of the biggest B2B payment stories of the season. Visa wasn’t the only player to explore the role of the commercial card in a modern B2B payments ecosystem. Virtual commercial card technology allows for real-time data capture and analysis, a key benefit for corporates looking to strengthen their spend strategies.
Read More
Spring House Coworking to open 12th centre plans to raise 2 million for expansion
Spring House Coworking | Money Control
Spring House Coworking has taken 21,000 sq ft office space on leases in Gurugram, Haryana, to open its 12th centre; and plans to raise $2 million for further expansion, a top company official said on September 2. At present, Spring House has 11 coworking operational centres, totalling 1,23,500 sq ft area and around 2,050 seats, in Gurugram, Noida, Delhi and Lucknow. This centre will be operational by the end of this month”, said Mukul Pasricha, Founder, Spring House Coworking. "We need $2 million for expansion," Pasricha said. The demand for coworking spaces was initially taken up by startups, freelancers and small business owners and now MNCs and enterprises have taken the plunge," he said.
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BA (The Boeing Company) | The Washington Post
When will the 737 Max fly again? On July 7, Saudi Arabia’s Flyadeal became the first airline to officially drop the 737 Max, reversing a commitment to buy as many as 50. Virgin Australia has pushed back delivery of its first 737 Max jets by almost two years. The U.S. Securities and Exchange Commission is investigating whether Boeing properly disclosed issues tied to the 737 Max jetliners to investors. The FAA gave final certification to the 737 Max in March 2017, and it entered commercial service two months later.
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Chick-Fil-A Vs. Popeyes: The (Twitter) War Of The Chicken Sandwich
YUM (Yum! Brands Inc.) | Seeking Alpha
One of the most popular items on their menu is the Spicy Chicken Sandwich, which is widely regarded as one of the best chicken sandwiches among fast-food restaurants. On August 12th, Popeyes Louisiana Kitchen released their own chicken sandwich into the market. On August 19th, prompted no doubt by the success of Popeyes' sandwich, Chick-fil-A tweeted out:Despite containing no references to Popeyes, observers had little doubt what the impetus for the tweet was. So popular was the debate and sandwich itself that Google searches for "popeyes chicken sandwich" increased 10-fold after Popeyes responded to the Chick-fil-A tweet. ConclusionPopeyes hit it out of the park with the roll-out of their chicken sandwich, which caught the attention of the world.
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Wirecard signs cooperation agreement with Softbank's Brightstar
Wirecard AG | Reuters
The company said that its strategic partner SoftBank introduced it to its U.S.-based unit Brightstar, which provides wireless telecommunications solutions for logistical services and supply chain management. “Together, we expect to bring a variety of new solutions to the mobile services market on a global scale and we anticipate significant transaction volume out of this deal,” Wirecard said in a statement.
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* Stocks or companies mentioned: Norwegian Air, FB, MOMO, AAPL, MA, Spring House Coworking, BA, YUM and Wirecard
China’s Central Bank To More Tightly Control Chinese FinTechs
PYMNTS
The People’s Bank of China (PBoC) is looking toward new technologies to keep a closer eye on the nation’s FinTech, blockchain and digital lending markets. Yet onlookers have noted that PBoC has been working diligently toward its own FinTech growth. Additionally, the bank said it should strengthen financial risk remediation as well as its policy propaganda interpretation and respond quickly to social concerns. While its actions seem contradictory, PBoC recently published a three-year FinTech development plan, which could help clarify its position. Experts noted the central bank’s goal seems to aim to increase the “controllability” of the country’s FinTech, while also boosting risk prevention.
Read More
Norwegian Air asks for bond repayment extensions
Norwegian Air Shuttle ASA | Financial Post
It was forced it to seek 3 billion crowns ($335 million) from shareholders this year. Negotiations are still ongoing to bring in an outside investor to take a stake in parts of its aircraft fleet, it added. Such technical problems have negatively affected Norwegian’s working capital by some 1.5 billion crowns, Norwegian Air said. It said working capital was down by approximately 4 billion crowns versus the second quarter of 2018 as a result. ($1 = 8.9564 Norwegian crowns)
Read More
Facebook's Libra could undercut ECB's powers: Mersch
FB (Facebook Inc.) | Reuters
Widespread acceptance of Facebook’s proposed Libra currency could even undermine the European Central Bank’s ability to set monetary policy, a potential risk for the currency bloc, ECB board member Yves Mersch said on Monday.
Read More
China's New Deepfake App ZAO Sparks Huge 'FaceApp-Like' Privacy Storm
MOMO (Momo Inc.) | Forbes
It seems China is having a FaceApp privacy storm moment—you'll need to ignore the irony for a moment—as the ZAO face-swapping app has become an overnight sensation. ZAO is a new AI-based "deepfake" app that allows users to swap faces with celebrities in video clips. Launched on Friday, the app quickly became the most downloaded app in China's App Store over the weekend. Interestingly, the privacy issue has dropped the app's ratings in the App Store. Such is the privacy storm in China about the ZAO app, that even state-controlled media is running the story.
Read More
The Apple Crystal Ball: Separating Safe Bets From Wild Speculation
AAPL (Apple Inc) | PYMNTS
For the next week or so the speculation will reach its annual pitch as leaks and “leaks” make the rounds. Will that trend carry on during the fall event — colloquially known at the Fall iPhone event — in a week? Other Areas To WatchAs for the iPhone’s potential co-stars this time around, the Apple Watch is looking like an increasingly likely candidate to take some share of the limelight. Its fall event is an excellent place for Apple to assert the continuing dominance of the wearables market, and most watchers are expecting see the Apple Watch 5 make its first world appearance. There is some outside speculation, however, that a name change could be on the way — and that the newest version of the Apple Watch might not be called the Series 5.
Read More
B2B’s Summer Of Faster, Integrated Payments
MA (Mastercard Incorporated) | PYMNTS
For B2B payments, this summer was a season of technological progress. In another collaboration with Mastercard this summer, the PYMNTS B2B Payments Automation Innovation Playbook similarly revealed that the demand for AP automation is on the rise. From the Fed’s faster payments announcement to the launch of Visa B2B Connect, PYMNTS looks back at some of the biggest B2B payment stories of the season. Visa wasn’t the only player to explore the role of the commercial card in a modern B2B payments ecosystem. Virtual commercial card technology allows for real-time data capture and analysis, a key benefit for corporates looking to strengthen their spend strategies.
Read More
Spring House Coworking to open 12th centre plans to raise 2 million for expansion
Spring House Coworking | Money Control
Spring House Coworking has taken 21,000 sq ft office space on leases in Gurugram, Haryana, to open its 12th centre; and plans to raise $2 million for further expansion, a top company official said on September 2. At present, Spring House has 11 coworking operational centres, totalling 1,23,500 sq ft area and around 2,050 seats, in Gurugram, Noida, Delhi and Lucknow. This centre will be operational by the end of this month”, said Mukul Pasricha, Founder, Spring House Coworking. "We need $2 million for expansion," Pasricha said. The demand for coworking spaces was initially taken up by startups, freelancers and small business owners and now MNCs and enterprises have taken the plunge," he said.
Read More
When Will Boeing 737 Max Fly Again and More Questions
BA (The Boeing Company) | The Washington Post
When will the 737 Max fly again? On July 7, Saudi Arabia’s Flyadeal became the first airline to officially drop the 737 Max, reversing a commitment to buy as many as 50. Virgin Australia has pushed back delivery of its first 737 Max jets by almost two years. The U.S. Securities and Exchange Commission is investigating whether Boeing properly disclosed issues tied to the 737 Max jetliners to investors. The FAA gave final certification to the 737 Max in March 2017, and it entered commercial service two months later.
Read More
Chick-Fil-A Vs. Popeyes: The (Twitter) War Of The Chicken Sandwich
YUM (Yum! Brands Inc.) | Seeking Alpha
One of the most popular items on their menu is the Spicy Chicken Sandwich, which is widely regarded as one of the best chicken sandwiches among fast-food restaurants. On August 12th, Popeyes Louisiana Kitchen released their own chicken sandwich into the market. On August 19th, prompted no doubt by the success of Popeyes' sandwich, Chick-fil-A tweeted out:Despite containing no references to Popeyes, observers had little doubt what the impetus for the tweet was. So popular was the debate and sandwich itself that Google searches for "popeyes chicken sandwich" increased 10-fold after Popeyes responded to the Chick-fil-A tweet. ConclusionPopeyes hit it out of the park with the roll-out of their chicken sandwich, which caught the attention of the world.
Read More
Wirecard signs cooperation agreement with Softbank's Brightstar
Wirecard AG | Reuters
The company said that its strategic partner SoftBank introduced it to its U.S.-based unit Brightstar, which provides wireless telecommunications solutions for logistical services and supply chain management. “Together, we expect to bring a variety of new solutions to the mobile services market on a global scale and we anticipate significant transaction volume out of this deal,” Wirecard said in a statement.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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