World News – GB – Gazprombank of the Swiss branch of Russia launches institutional Bitcoin offerings


Gazprombank, a bank spun off from Russian energy giant Gazprom, launches institutional cryptocurrency services in Switzerland

In an announcement on Thursday, the regulated Swiss branch of the bank said it had now received approval from FINMA to launch the new services, initially to a limited number of clients

Gazprombank (Switzerland) will later expand its offerings to more institutional and corporate clients, providing a custody service and bitcoin trading for fiat currencies

« We expect digital assets to become increasingly important in the global economy and, in particular, for our current and potential customers, » said bank CEO Roman Abdulin

Bank said it operates ‘specially designed’ due diligence procedures to enhance security and ensure compliance with Swiss anti-money laundering and know-your-customer rules

Gazprombank, Russia’s third largest net asset, has been mulling over a transition to cryptocurrency services for some time, saying in 2018 that it was planning a pilot project before it started serving its wealthy customers

Last year the bank and its parent company Gazprom also said they have built a blockchain platform for executing commercial contracts and that it will soon be used to digitize the gas supply process.

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Fisker stock rose when it debuted on the New York Stock Exchange on Friday as blank check mergers continue to drive inventories of electric cars

Markets are down, but not collapsing Investors remain concerned about coronavirus and Tuesday’s election remains on hold Uncertainty dominates the day, exacerbated by recent market losses Wall Street, however, s ‘expect the bulls to start chasing next week’s results again – who wins will be less important than having a result In the meantime, market lows and low stock prices make this a great time to buy – if you judge the bottom correctly Do that, and the rest is just ‘buy low and sell high’ And to that end, Wall Street analysts have pointed out stocks that may have bottomed Using the TipRanks database, we have identified three of these stocks Each is down significantly, but each also has a Strong Buy consensus rating and at least 30% upside potential for the coming months Fury Gold Mines (FURY) Gold – just the precious metal asset – became popular during 2020 The coronavirus crisis and investors’ desire for a stable store of value pushed it above $ 2,000 earlier this year, and an ounce Gold still sells for over $ 1,800 For those who do not have these types of resources, however, buying gold miner stocks may be the best thing to do.Fury Gold Mines is a Toronto-based small-cap mining company focused on exploiting the vast resources of Canada’s North With mines in British Columbia, northern Quebec and the far north of Nunavut, Fury owns several  » significant gold reserves in surface and underground mines Global gold production has fallen 1% over the past 12 months, giving the first hint that we may be at ‘peak gold’, and prices will continue to rise soon. This development would bode well for Fury, which operates at a net loss The company was formed earlier this year, as part of a restructuring of Auryn Resources that involved a merger with Eastmain and the divestment of Peruvian mines The result is a development-oriented business Canadian, able to take advantage of Canada’s stable working environment The stock has seen sharp declines recently, when the new ticker FURY started trading, taking Auryn’s place in the market and retaining the trading history of the Former company The decline saw Fury shares lose 67% this monthCovering the share for Cantor, analyst Matthew O’Keefe sees a lot of benefits ahead The analyst noted: “Based on an equivalent resource in combined gold Born from 39Moz, Fury is trading at $ 43 / oz against its peers at $ 60 / oz.We expect that, as new management will make their mark with new drill results (towards the end of 2020 and throughout 2021) and will demonstrate the progress of its projects, the stock should increase « But how much? O’Keefe is $ 2 FURY price target of 60 suggests upside potential of 126% for the coming year and supports his buy rating (To view O’Keefe’s track record, click here ) Wall Street analysts’ consensus on Fury is a strong buy, based on 4 buy valuations with no sell or hold The stock is selling for $ 1.13 and its $ 3.37 average price target suggests it should almost double at over the next 12 months (See FURY share review on TipRanks) Star Bulk Carries (SBLK) Next, Star Bulk Carries, is a Greece-based shipping company specializing in dry bulk shipping, the Backbone of the global shipping industry Star Bulk operates a fleet of 116 carriers, ranging in size from around 50,000 tonnes to giant Newcastlemax bulk carriers valued at over 200,000 tonnes The business disruption caused by corona has been difficult for industry and SBLK did not exc eption The stock is down 47% year-to-date However, the company’s financial performance this year has been in line with its historical pattern – the first half of a calendar year saw a net loss, while the second half shows net gains H120 losses were normal for SBLK’s model – and the outlook for Q3 is a return to net earnings, with EPS projected at 30 cents Covering this stock for Deutsche Bank, analyst Amit Mehrotra notes a series of related points: « [We] believe the company’s net debt is expected to improve by approximately $ 50 million from 2Q levels, reflecting higher cash flow generation than> $ 40 million from debt repayment in 3Q We also expect the potential breakeven point for the company to drop below $ 11,000 per day… While we remain frustrated with the poor performance of SBLK shares against the backdrop of the aforementioned improving fundamentals, we remain very confident that the intrinsic value of the equity value of SBLK improves in the current environment… ”Mehrotra succinctly sums up his vision of Star Bulk:“ Overall, we are encouraged by the traje fundamental business story… ”Analyst rates SBLK a buy, while its price target of $ 15 implies upside potential of 143% from current levels (To see Mehrotra’s track record, click here) 3 recent buy reviews, SBLK holds a unanimous Strong Buy rating from analyst consensus The stock is currently trading at $ 618 and has an average price target of $ 12.09, which is a one-year increase of 96% (See SBLK stock market analysis on TipRanks) Heritage-Crystal Clean (HCCI) Pollution is a problem, no matter what We all want a clean environment in which to live, and we should all be concerned about how pollutants modern industrialists are phased out Heritage-Crystal Clean inhabits this cleaning niche, providing environmental cleaning services, including vacuuming services for street cleaning, cleaning technology for industrial and light mechanical parts, and a variety of waste recovery services, including recovery and disposal of petroleum and petroleum products, antifreeze, and general industrial liquid wastes This is an important, often overlooked and vital niche in a modern technological society in negative territory in Q2, HCCI reported stronger results for Q3 Revenue grew sequentially from $ 74 million to $ 82 million, and EPS rose from a loss of 31 cents to a gain of 18 cents Despite the positive results, earnings and revenues remain depressed compared to last year’s quarter, and the stock failed to regain ground after last March’s decline HCCI is down 49% year-to-date Roth Capital’s Gerry Sweeney, in his comments on the action, notes that “revenues continue to rebound as economic activity improves thanks to COVID shelters in orders The highlight of the quarter was a faster than expected rebound in margins While margins are still down from the pre-pandemic level of 25 last year7%, they are up from Q2 margins of (282 %) This improvement is due to higher labor utilization and asset leverage, lower solvent costs and internalization of waste disposal… ”Sweeney assesses the stock as a buy Its $ 21 price target indicates confidence in a solid 32% rise for next year (To look at Sweeney’s balance sheet, click here) In the past three months, three other analysts have cast the hat with a view on HCCI Three additional buy ratings give the stock a Strong Buy consensus rating With an average price target of $ 20.75, investors should earn 30%, if the target is met over the next 12 months (See the ana HCCI Stock Lyse on TipRanks) To get great ideas for trading battered stocks at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that brings together all the information about TipRanks stocks Disclaimer: Opinions Expressed in this article are those of featured analysts only The content is intended to be used for informational purposes only It is very important to do your own analysis before making any investment

Shares of United Parcel Service, Inc (NYSE: UPS) were not affected after the company said it was the limited company Fox News, Fox News host Tucker Carlson called for losing what he said was a politically sensitive package What happened: Carlson said on his daily show « Tucker Carlson Tonight » on Wednesday that his New York office was in possession of « a collection of documents Confidential Biden Family Confidential ”Carlson was in Los Angeles at the time to film an interview with Tony Bobulinski, a former business partner of Hunter Biden, son of Democratic presidential candidate Joe BidenCarlson has instructed his office to send the documents he described as « genuine » and potentially « damaging » to the Biden campaign The documents were dropped off at a retail store of a « major national carrier » , did he declare Carlson did not elaborate on what the documents are Related Link: How the 2020 Presidential Election Could Impact Healthcare Inventories UPS Problem Statement: Carlson Did Not Name The Company During His Show But Glenn Zaccara, UPS corporate media relations director, told Business Insider that UPS is the limited company »UPS is urgently investigating this matter and regrets the package was damaged, » the company told Business Insider »The integrity of our network and the safety of our customers’ cargo is of the utmost importance. We will remain in direct and frequent contact with Fox News as we learn more from our investigation.To UPS’s credit, Carlson said the company ‘went way beyond’ but ‘found nothing’ « Tonight the company has no idea – or even working theory – of what who arrived at this treasure trove of documents, documents directly relevant to the presidential campaign in just six days, « the Fox News host told me. Photo of Jimhenderson via Wikimedia See more from Benzinga * Click here for transactions from Benzinga options * Molson Coors stock rises after big third quarter beating * Grocery store prices are cause for concern as coronavirus cases rise (C) 2020 Benzingacom Benzinga does not provide investment advice All rights reserved

ITEP data disaggregated impact by state Population has major impact on overall total tax increases

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The e-commerce giant reported third-quarter sales of $ 96 billion, up 37%, and well above the expected range of $ 87 billion to $ 93 billion

If Joe Biden wins the November presidential election, wealthy Americans’ estates could face a tax rate of up to 67%, according to new analysis released by the Tax Foundation

Jim Cramer shared his thoughts on the upcoming election and a potential blue waveCramer On The Election: “Let’s see if people can fight the blue wave,” Cramer said Thursday morning on CNBC. He is concerned about a potential blue wave and that « you have to be » He went on to describe a blue wave as: short and blanket when election night really ends because there is a lot of stock in a blue wave that would be crimped by a « hijacking of the far left « Cramer on a game plan: He then gave a game plan for investors to make » real money «  » Short-cut managed care stocks into a blue wave Managed care stocks then drop 10%, then you buy the managed care stocks, leading with Centene (NYSE: CNC) and maybe United Health (NYSE: UNH) Pfizer (NYSE: PFE) drops to $ 32 ahead of election, drops to 31 $ 50, people think they made a lot of money, vo us buy Pfizer, « Cramer said » That’s what you do, I just gave it to you « Potential winners under Biden: Cramer last week discussed his » basket of winners « if presidential candidate Joe Biden expected to win election He thinks investors will go to the solar industry Two solar stocks he likes: First Solar (NASDAQ: FSLR) and Tesla (NASDAQ: TSLA) Cramer also thinks infrastructure will be a winner under Biden Cramer likes these two infrastructure stocks: Caterpillar (NYSE: CAT) and Deere & Company (NYSE: DE) See more from Benzinga * Click here for Benzinga options * ‘Halftime Report’s’ Top Stocks To Watch: AGCO, Keysight And More (C) 2020 Benzingacom Benzinga does not provide investment advice All rights reserved

Exxon has guided investment down and warned of possible massive depreciation amid questions about its dividend Chevron reported surprise profit

Ah, « Carnival » The name conjures up smiles And some cruise lines are about to resume their trips So is it a good time or a bad time to invest in carnival?

The Dow Jones Industrial Average fell 400 points, Apple plunging 5% on weak sales in China Twitter plunged 20% on disappointing user growth

(Bloomberg) – Henry Kravis said there was more turmoil in the markets than at any point in his half-century career as investors reacted to news of the pandemic  » I have been investing for over 50 years, I don’t remember a time when I saw such volatility as we see today ”, Kravis, co-founder of KKR & Co, said on Friday on the Bloomberg Invest Talks webcast « Just look at our markets in the US, one day we are up 300, 400 points, then the next day, for no reason, we’re losing 400 to 500 points » While praising the global stimulus efforts for prevent economies from collapsing, he said markets remained baffled by the Covid-19 pandemic, particularly over the prospects for a vaccine “Any news from the pharmaceutical industry about the progress of a treatment or vaccine changes sympathy in the markets,” he said.Stocks have been beaten this year, sinking into the fastest bear market on record in March before starting a rebound unprecedented in nine decades Cboe’s volatility gauge has averaged 33 since late February, 14 points above the average for the past 30 yearsWild swings were also a routine feature of the 2008 financial crisis.This year saw 42 days the S&P 500 rose more than 3%, up from 28 days this year since the pandemic began to rock the markets.Amid such turbulence, New York-based KKR is one of the most active negotiators It has invested over $ 40 billion in various strategies this year “When we closed our US offices around March 12, asked, « What are we going to do, how are we even going to stay busy? » « Kravis, 76, said » In fact, we’ve had probably the busiest and (most) productive year we’ve had almost ever « Kravis has been making deals since he founded KKR in 1976 with Bear Stearns & Co the elders Jerome Kohlberg and his cousin George Roberts Over the years they built a reputation as fierce capitalists and gained fame through transactions including the takeover of RJR Nabisco Inc In the 1980s Although buying and selling businesses still motivates Kravis, he said the pandemic changed his outlook on life and work.“You see so many people in the US, in New York especially earlier, get sick and a lot of them die,” he said. “It makes you think about what’s really important in the life and for me is family, my wife without a doubt « Beyond that, » I have probably become more patient than I was I have always been known to be impatient, « he said. he said « Probably my level of empathy has increased and I’m trying to show more empathy to everyone I’m in contact with, the people in our company and to make sure they’re okay.”For more articles like this, please visit us at bloombergSubscribe now to stay ahead with the most trusted source of business news © 2020 Bloomberg LP

Regarding CNBC’s « Mad Money Lightning Round » Jim Cramer said that Workhorse Group Inc (NASDAQ: WKHS) is a showhorse as far as he is concerned He is not a buyer and he loves Plug Power Inc (NASDAQ: PLUG) in space Voya Financial Inc (NYSE: VOYA) is the best house in a really bad neighborhood, Cramer said It doesn’t recommend anything in the financial or oil industry Cramer thinks the dividend from New York Community Bancorp (NYSE : NYCB) is too risky He doesn’t like the shape of the US economy right now, so COVID-19 continues to grow MPLX LP (NYSE: MPLX) has a dividend yield of 16% and this type of yield usually doesn’t not sustainable, believes CramerCallaway Golf Co (NYSE: ELY) is trading lower because people think it has paid too much for Topgolf, Cramer explained If the stock is trading lower on Friday, it would be long Cramer hoped we would have COVID-19 under control, but the longer it lasts Simon Property Group Inc (NYSE: SPG) and its property is less valuable View more Benzinga * Click here for Benzinga options trades * Stephen Weiss weighs in on Ford * Jeff Kilburg’s Crude Oil Futures Trade (C) 2020 Benzingacom Benzinga does not supply of investment advice All rights reserved

According to Joe Biden’s tax plan, three states and New York City would see marginal local and state tax rates above 60%

Apple Falls After Reporting Stocks are now down about 20% from record high Is it time to buy the stock?

Stocks have a dividend yield of just 104% For more attractive returns among companies with lots of free cash flow (based on his team’s estimates) to cover current dividends and hopefully , increase them, McMahon appointed General Mills Inc (SIG) with a dividend yield of 330%, and Diageo PLC (DEO) whose US certificates of deposit have a yield of 321% For some industries different metrics are used to assess dividend coverage, so there are three groups of action screens below

The largest initial public offering (IPO) in global financial history broke records in Shanghai and Hong Kong, absorbing more than US $ 3 trillion from retail investors, sparking frantic bids on Ant Group shares A record 1905 trillion yuan ($ 2.85 trillion) offers were received from retail investors for Ant shares on the Shanghai Star Market, exceeding the stock offer by 870 times in Hong Kong, 155 million retail investors, or roughly one-fifth of the city’s population, paid HK $ 1 3 trillion (USD 167 billion) for the shares at the book’s close at noon Friday, an outbid 394 times, according to people familiar with the matter Get the latest news and analysis from our Global Impact newsletter on big stories from China The IPO has already absorbed more money than the sale of shares by the Chinese bottled water producer ille Nongfu Spring, HK $ 677 billion The number of mom-and-pop investors in Ant Group will also surpass the record when 970,000 people submitted bids for shares in the Industrial and Commercial Bank of China (ICBC) in 2006, according to stock market data »The offer is so hot that over a million retail investors have sent in their subscriptions, » said Louis Tse Ming-kwong, managing director of Hong Kong-based brokerage firm Wealthy Securities. « This is a historic moment for the Hong Kong stock market » Retail investors submitted a record 1905 trillion yuan (USD285 trillion) in subscription money for Ant’s stock offering on the Star Market, a tech stocks board in Shanghai This was 872 times oversubscribed, the company said in a Shanghai exchange file on Thursday evening.Group of ants offered 167 billion shares each in Hong Kong and Shanghai to raise about US $ 345 billion, making it the largest IPO in the world By including 15% overuse in each stage, the total size IPO will rise to 39 USD 67 billion Strong demand from individual investors in Hong Kong will trigger a mechanism in which the retail allocation will be increased to a maximum of 10 percent, from the initial 2 5 percent Investors buy the shares because valuation is considered cheaper than foreign payment companies, said Gordon Tsui, chairman of the Hong Kong Securities Association Ant is the operator of Alipay and a subsidiary of Alibaba Group Holding, owner of this newspaper « Investors believe in the future economic and technological growth of mainland China, » said Tse of Wealthy Securities « More and more people using digital payment Ant might have more leeway if it extends Alipay to overseas markets « Ant Group started taking orders from retail investors in Hong Kong from Tuesday HSBC, Bank of China (Hong Kong), other retail banks and some 600 brokerage houses in the city have made available up to HK $ 500 billion in margin finance loans to help investors fund their underwriting, more than double the capacity of Nongfu Spring IPO »We have seen record levels of IPO applications and IPO loan acceptances for Ant Group, » HSBC said in a statement The lender has set aside HK $ 150 billion in loans for its customers to subscribe to the stocks at an interest rate of 048 percent to 088 percent How retail investors can increase their chances of getting a share of the Ant Group’s successful IPO in Hong Kong The frozen IPO liquidity, however, did not raise local interest rates substantially, with the one-month interbank offered rate or Hibor passing to 048 percent Thursday from 013 percent a week earlier Current level is still below 2% in March Part of the reason is hot money in the system More than HK $ 383 51 billion entered the financial system local since April, according to statistics from HKMA, forcing it to intervene more than 85 times to prevent the Hong Kong dollar from breaking the stronger end of its trading band The entries have pushed the overall balance, or the amount of liq uidities in the banking system, at a record HK $ 45746 billion on Friday, more than eight times the level before the HKMA intervened in the currency market This article originally appeared in the South China Morning Post (SCMP), the most official voice report on China and Asia for over a century For more SCMP stories, please explore the SCMP app or visit the SCMP Facebook and Twitter pages Copyright © 2020 South China Morning Post Publishers Ltd All rights reserved Copyright (c) 2020 South China Morning Post Publishers Ltd All rights are reserved

Electric vehicle maker Fisker Inc said Thursday it has completed a reverse merger with blank check company Spartan Energy Acquisition Corp (NYSE: SPAQ) What Happened: The two companies will merge into a combination of companies to create a new entity whose Class A common shares will be listed on the New York Stock Exchange under the symbol « FSR » Through the reverse merger, Fisker gained access to $ 1 billion in cash inflowsSpartan is funded by a subsidiary of private equity giant Apollo Global Management Inc (NYSE: APO) With the funding and strategic arrangements in place, CEO and Chairman Henrik Fisker said, “We can now fully focus on the development and launch of the revolutionary fully electric Fisker Ocean at the heart of the mid-size SUV marketEarlier this month, Fisker and Magna International (NYSE: MGA) teamed up to make the all-electric Ocean SUV model, with production expected to begin in late 2022.Why it matters: Special purpose acquisition companies or PSPCs gain popularity in the electric vehicle segment Lordstown Motors Corp merged with DiamondPeak Holdings Corp (NASDAQ: DPHC) in August Shares of the merged entity are listed on Nasdaq under the ticker RIDE, which gained 5% during Thursday trading hours In early June, Nikola Corp (NASDAQ: NKLA) announced a merger with SPAC VectoIQ Price action: after a 261% decline during the trading session as of Thursday, SPAQ gained 179% out of hours to close at $ 9 12See also: Jim Cramer compares Fisker and his CEO to Nikola, Trevor MiltonView more Benzinga * Click here for Benzinga options trades * Wyoming Approves Avanti Financial as custodian of digital assets * UK government expects Pfizer vaccine verdict before Christmas: (C) 2020 report Benzingacom Benzinga does not provide investment advice To us all rights are reserved

The US death toll from COVID-19 coronavirus disease climbed to 229,000 on Friday and cases soared to 9 million as infections soar in all swing states within days of the presidential election

Bitcoin, Gazprombank, cryptocurrency exchange, subsidiary, Switzerland, Russia

News from around the world – GB – Swiss arm of Russia Gazprombank launches institutional Bitcoin offerings



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