Author: Press Room

Neuberger Berman said Monday it became the second global institution to receive final approval from the China Securities Regulatory Commission (CSRC) to launch a wholly owned, newly established mutual fund business in China. Neuberger Berman will now be allowed to manage local assets for local clients, which has not been allowed previously. BlackRock Inc. BLK, +1.78% was the first to receive approval. Patrick Liu, CEO of Neuberger Berman Fund Management (China) (FMC), said the country’s commitment to opening up to high-quality financial services “will bring significant opportunities for local investors.” Michelle Wei will become chief investment officer – equities of…

Non-polluting, space-efficient cargo bikes could reduce future van mileage in central London by nearly a fifth, the person in charge of promoting cycling in the capital has said while urging businesses to embrace a more environmentally friendly future.Will Norman, the UK capital’s cycling and walking commissioner, was speaking as the London mayor’s office and Transport for London implement the first cargo bike action plan by a British local authority. The policy, published on March 31, aims to encourage adoption of bikes to stem the rapid growth of congestion and pollution from vans. Cargo bikes, which can have two, three or…

© Reuters. FILE PHOTO: Nigerian President Muhammadu Buhari speaks during a news conference during a visiit to Pretoria, South Africa, October 3, 2019. REUTERS/Siphiwe Sibeko/File Photo By Felix Onuah ABUJA (Reuters) – Nigeria’s President Muhammadu Buhari on Sunday defended his record on the economy and the outcome of a disputed presidential election, saying he was leaving a legacy of credible and fair votes, a day before he hands over power to his successor. Buhari first came to office in 2015 after promising to reboot the economy and end corruption and insecurity, but many Nigerians say these issues have worsened under…

In what appeared to be among the most publicized acquisitions within the crypto world in 2023, blockchain payments company Ripple Labs acquired Metaco. Metaco is Swiss-based asset custody that focuses on trading and decentralized finance. The acquisition was crucial as it could help Ripple Labs cement its footprints in the EU. Reports revealed that the company paid $250 million to seal the deal. Why would Nasdaq do this. Nasdaq is planning on launching crypto custody by mid year or Q3. Metaco provides custody solutions. Ripple will IPO when the SEC case ends. Connect the dots ???? pic.twitter.com/uHLnBtWmbr— Rene David (@Jedi421)…

© Reuters. FILE PHOTO: Ducklings are seen inside a poultry farm in Castelnau-Tursan, France, January 24, 2023. REUTERS/Stephane Mahe/File Photo/File Photo PARIS (Reuters) – France confirmed its aim to launch a vaccination programme against bird flu in the autumn after results from a series of tests on the vaccination of ducks showed “satisfactory effectiveness”, the farm ministry said.  A severe strain of highly pathogenic avian influenza, commonly called bird flu, has ravaged poultry production around the world, leading to the culling of over 200 million birds in the past 18 months. France has been the worst hit country in the…

Source: btynews.comRipple’s 2023 New Value Report reveals strong and widespread excitement regarding the potential of cryptocurrencies despite regulatory issues between the United States Securities and Exchange Commission (SEC) and many crypto firms, including Ripple. The report noted that more than 70% of global finance leaders emphasized an increase in their confidence in the crypto industry over the past six months. What are the factors fueling the positive outlook on the crypto industry, including trends, technologies, and use cases?In addition, we’ll be looking at Launchpad XYZ, the first crypto portal for Web3 enables seamless onboarding for everyone. A Positive Future for Cryptocurrencies The world of…

© Reuters. FILE PHOTO: An English ten Pound note is seen in an illustration taken March 16, 2016. REUTERS/Phil Noble/Illustration By Mike Dolan LONDON (Reuters) – Britain’s interest rate horizon skyrocketed this week on another alarming inflation reading that some fear entrenches the economy as outlier among Western peers – and yet the pound didn’t know whether to laugh or cry. Unlike its dire reaction to UK bond market ructions surrounding last September’s government budget farce, when it lunged to near record lows of the pandemic, sterling has held up well so far against a similarly seismic shift in the…

CNN  —  New Hampshire Gov. Chris Sununu said Sunday he will decide “in the next week or two” if he wants to mount a bid for the 2024 Republican presidential nomination and enter an already crowded field of candidates. “When I start doing something, I’m 120% in,” the governor said on CNN’s “State of the Union” in an interview with Jake Tapper. “Pretty soon, we’ll make a decision, probably in the next week or two. And we’ll either be go or no-go,” he added. Sununu’s remarks come as the list of 2024 GOP hopefuls continues to expand, with Florida Gov.…

After weeks of tense wrangling between the White House and House Republicans, the fiscal deal reached on Saturday to raise the debt ceiling while constraining federal spending bolsters President Biden’s argument that he is the one figure who can still do bipartisanship in a profoundly partisan era.But it comes at the cost of rankling many in his own party who have little appetite for meeting Republicans in the middle and think the president cannot stop himself from giving away too much in an eternal and ephemeral quest for consensus. And it will now test his influence over fellow Democrats he will need…

Democrat Rep. Jim Himes, D-Conn., admitted Sunday he is “anything but a clear yes vote” on the debt ceiling deal, calling the legislative process employed to secure the deal a “ransom note and hostage-taking” process.”Is this really the way we want to do business as a country going forward? This is not how we’re supposed to actually pass legislation in the Congress,” Himes said during an appearance on “Fox News Sunday.” “So, I hope that we, you know, get through this and then dispense with the catastrophe, the ransom-taking and the hostage and the, you know, the really debilitating qualities of…