SAO PAOLO, Brazil – The Comissão de Valores Mobiliários do Brasil has approved blockchain investment EFTs to trade the Sao Paulo-based B3 exchange. The move follows the approval of 3 similar funds in Canada in the last months. Rio-based QR Asset Management will make its first offering of $100m for qualified investors in June. By … Read more
April 24: Wall Street rallied amid an outlook that a centrist will likely win the French presidential election. April 25: Bull run amid strong earnings by Caterpillar, MacDonald’s. Nasdaq rose 41.65 point to close above 6,000 for the first time ever. April 28: Stocks edged lower after first quarter growth turned out to be the … Read more
The Saudi Arabian Oil Co., or Aramco, with an estimated value of over $2 trillion, is going public. The exact value of the nationally-owned company has never been officially provided by Saudi Arabia, but because of the upcoming partial privatization — a move to prepare the country for a post-oil era — the book value might … Read more