CME Group Inc. aims to launch a futures contract based on bitcoin by the end of the year

Digest #39 from DTI

Below you will find a selection of interesting articles from news resources. You can use the content list to select a topic of interest or browse/hide it and see the entire collection of news. Pure numbers, facts, food for thought.

Contents:

Finance

  • CME Group Inc., the world’s biggest exchange group, it aims to launch a futures contract based on bitcoin by the end of the year. The plan would be a big step forward in the evolution of the digital currency. Read more WSJ.com, FT.com
  • Longtime participants of derivatives markets say starting up a healthy, thriving market for cryptocurrency futures or options could be complicated. Read more WSJ.com
  • Businesses that sell gold coins and other products made from the precious metal usually thrive during years like 2017. Gold futures have gained more than 10%, boosted by a weaker dollar and by big investors looking for a haven during periods of instability. Read more WSJ.com
  • The major US banks oppose the EU proposal, allowing European authorities to temporarily freeze the accounts of troubled banks to prevent withdrawal of funds. Banks argue that such a move could, on the contrary, increase the panic of customers. Read more FT.com
  • Saudi Arabia is engaging foreign managers to control its national funds. one of the first foreigners who will occupy a high position is Alireza Zaimi, the top manager of Bank of America Merrill Lynch. Read more FT.com
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Technology

  • Facebook Inc., Alphabet Inc.’s Google and Twitter Inc. were all summoned in front of a subcommittee of the Senate Judiciary Committee on Tuesday, where officials told members of Congress that they were actively developing better policies for how to curb. Read more WSJ.com, FT.com
  • Chinese startup Megvii Face ++, engaged in face recognition technology, attracted $ 460 million of investment. It was financed by the Russian-Chinese Investment Fund. Read more FT.com
  • Apple Inc. departed from its traditional preview strategy for what it bills as its most important new iPhone in years, prioritizing early access to the iPhone X for YouTube personalities and celebrities over most technology columnists who traditionally review its new products. Read more WSJ.com
  • The resurrection of the Aibo, which was first launched in 1999 and discontinued in 2006, came a day after Sony said profit for this fiscal year would be the highest in its 71-year history. Read more WSJ.com
  • The Internet of things and the transfer of data between equipment change the principles of the work of plants and the role of people in the production. Read more FT.com
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Energy Resources

  • Investment banks surveyed by The WSJ raised their oil-price forecasts for the first time in six months in October amid signs that production cuts by major suppliers are helping to rebalance the market. Read more WSJ.com
  • Federal trade officials are recommending that the Trump administration impose an import tariff of up to 35% on solar panels to protect U.S. solar manufacturers from low-priced imports. Members of the U.S. International Trade Commission do not offer the same high fees as US companies want. Read more WSJ.com
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Close-up

  • India aspires to become one of the world leaders in solar energy, and the companies promise to provide solar energy at low prices. But now some key players are beginning to doubt the feasibility of projects, and the government is concerned about the possible negative consequences for the economy in case of failure of projects. Read more FT.com
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Media business

  • Netflix suspended for an indefinite time shooting the series "House of Cards" because of the scandal surrounding Kevin Spacey to understand the situation. On the eve of the company said that the sixth season will be the last. Read more FT.com
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Industry

  • Rockwell Automation Inc. has rejected a takeover bid by Emerson Electric Co. worth roughly $27.5 billion, spurning a deal that would have combined two big U.S. makers of machines and software used in manufacturing. According to the source, Rockwell is not interested in the deal with Emerson. Read more FT.com, WSJ.com
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Consumer market

  • Uber’s efforts to negotiate multi-billion dollar investments with Japanese SoftBank are hampered by disagreements over the future role of Travis Kalanik, the founder and former CEO of the startup. Read more WSJ.com
  • People go for unintentional risk buying Amazon, eBay and other online antiques from the Middle East, through which terrorists and criminals launder money. Read more WSJ.com
  • The network of Sears department stores was once so large that its sales were equivalent to 1% of US GDP. But now its business is in decline, and some suppliers are tightening payment requirements and cutting the supply of their goods. Read more WSJ.com
  • The British supermarket chain Sainsbury has created its own record label to capitalize on the revival of demand for vinyl records. Read more FT.com

Also published on Medium.