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AMERICAN REVOLUT-ION: EUROPEAN BANKING APPS FACE CROWDED U.S. MARKET

Revolut | February 05, 2020

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When London-based Revolut opens its virtual doors in America this year, it will be the latest European digital bank to challenge incumbent U.S. lending giants after forays by Monzo and N26, but the challenges it faces have not diminished. While the start-ups are experiencing fast growth at home, a crowded market, complex regulatory environment and different customer needs make it hard to stand out in the United States, financial-technology executives, investors and analysts say. Revolut and its ...

Read More

GEF CAPITAL PARTNERS ACQUIRE CONTROLLING INTEREST IN ENVIROMIX, INC.

Cision PR Newswire | August 17, 2020

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GEF Capital Partners ("GEF Capital") announced today that it has acquired a controlling interest in EnviroMix, Inc. ("EnviroMix"). EnviroMix offers innovative water and wastewater solutions to municipal and industrial markets through its proprietary mixing and process control technologies. By focusing on enhanced nutrient removal, reductions in energy use, and operational cost savings, EnviroMix provides water and wastewater customers with numerous economic and environmental ...

Read More

DOLLAR COSTS PLUNGE IN FX SWAP MARKETS, STILL ELEVATED ONSHORE

Investing.com | April 06, 2020

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The cost of swapping euros and sterling for dollars in FX swap markets fell on Monday to the lowest in over a decade in a sign of success for central banks' operations, though some other indicators imply money market stress has not wholly dissipated. The swap moves follow a series of policy efforts to squelch the strains in dollar funding markets, including the U.S. Federal Reserve's dollar swap lines for many foreign central banks and offer of temporary 'repo' facilities for oth...

Read More

TESLA STOCK SURGES ANOTHER 15 PERCENT, SENDING SHORT-SELLERS SCRAMBLING

Tesla | February 04, 2020

news image

Tesla’s red-hot run reached new heights Tuesday, as shares surged past $900 in a rally that stunned Wall Street, a dramatic reversal of fortune from the electric vehicle manufacturer’s situation just eight months ago. Shares spiked more than 15 percent in morning trading, just after the automaker closed Monday up 20 percent at a record-high $780. Propelled by better-than-expected quarterly profits and car deliveries, Tesla now has a market cap of $140 billion — nearly three tim...

Read More
news image

AMERICAN REVOLUT-ION: EUROPEAN BANKING APPS FACE CROWDED U.S. MARKET

Revolut | February 05, 2020

When London-based Revolut opens its virtual doors in America this year, it will be the latest European digital bank to challenge incumbent U.S. lending giants after forays by Monzo and N26, but the challenges it faces have not diminished. While the start-ups are experiencing fast growth at home, a crowded market, complex regulatory environment and different customer needs make it hard to stand out in the United States, financial-technology executives, investors and analysts say. Revolut and its ...

Read More
news image

GEF CAPITAL PARTNERS ACQUIRE CONTROLLING INTEREST IN ENVIROMIX, INC.

Cision PR Newswire | August 17, 2020

GEF Capital Partners ("GEF Capital") announced today that it has acquired a controlling interest in EnviroMix, Inc. ("EnviroMix"). EnviroMix offers innovative water and wastewater solutions to municipal and industrial markets through its proprietary mixing and process control technologies. By focusing on enhanced nutrient removal, reductions in energy use, and operational cost savings, EnviroMix provides water and wastewater customers with numerous economic and environmental ...

Read More
news image

DOLLAR COSTS PLUNGE IN FX SWAP MARKETS, STILL ELEVATED ONSHORE

Investing.com | April 06, 2020

The cost of swapping euros and sterling for dollars in FX swap markets fell on Monday to the lowest in over a decade in a sign of success for central banks' operations, though some other indicators imply money market stress has not wholly dissipated. The swap moves follow a series of policy efforts to squelch the strains in dollar funding markets, including the U.S. Federal Reserve's dollar swap lines for many foreign central banks and offer of temporary 'repo' facilities for oth...

Read More
news image

TESLA STOCK SURGES ANOTHER 15 PERCENT, SENDING SHORT-SELLERS SCRAMBLING

Tesla | February 04, 2020

Tesla’s red-hot run reached new heights Tuesday, as shares surged past $900 in a rally that stunned Wall Street, a dramatic reversal of fortune from the electric vehicle manufacturer’s situation just eight months ago. Shares spiked more than 15 percent in morning trading, just after the automaker closed Monday up 20 percent at a record-high $780. Propelled by better-than-expected quarterly profits and car deliveries, Tesla now has a market cap of $140 billion — nearly three tim...

Read More