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S.Korean FinTech Kakao Pay Preps For IPO

S.Korean FinTech Kakao Pay Preps For IPO
S.Korean FinTech Kakao Pay Preps For IPO
September 30, 2020  |  IPO

Kakao Pay is set to be the first South Korean FinTech working with mobile payments to undertake an initial public offering (IPO), according to a...

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Goldman Eyes Cutting 1 Pct Of Workforce
Goldman Eyes Cutting 1 Pct Of Workforce
September 30, 2020  |  Personnel

Goldman Sachs plans to move forward with a “modest number of layoffs,” according to a company spokesperson on Wednesday (Sept. 30), meaning around 400 people,...

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COVID Restrictions Leave Second-Hand Clothing Market Bursting At The Seams
COVID Restrictions Leave Second-Hand Clothing Market Bursting At The Seams
September 30, 2020  |  Economy

Dwindling sales and mounting donations have spelled doom for the market for buying recycled clothing, Reuters reported. Get the Full Story Complete the form to...

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UK Faces $30B In COVID Loan Losses
UK Faces $30B In COVID Loan Losses
September 30, 2020  |  International

The U.K. government now estimates its losses from the pandemic could hit 23 billion pounds (about $30 billion), Bloomberg reported, coming from loans used to...

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Bitcoin Daily: SEC Charges Florida Crypto Trader In $6.8M Fraud Case; Salt Lending To Pay $250,000 Fine, Refund ICO Investors; SEC Alleges Swedish National Bilked Crypto Investors Of $1.5M
Bitcoin Daily: SEC Charges Florida Crypto Trader In $6.8M Fraud Case; Salt Lending To Pay...
September 30, 2020  |  Bitcoin

The U.S. Securities and Exchange Commission (SEC) claims that a Florida digital currency trader purportedly bilked customers out of $6.8 million, CoinDesk reported. Get the...

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Mnuchin, Pelosi Fall Short Of Agreeing On New Stimulus Deal
Mnuchin, Pelosi Fall Short Of Agreeing On New Stimulus Deal
September 30, 2020  |  Economy

Despite talks over a two-day period to reach a compromise on a new stimulus package, House Speaker Nancy Pelosi (D-California) and Treasury Secretary Steven Mnuchin failed to...

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Report: Bank Trade Finance Revenues Set To Fall 8 Pct In 2020
Report: Bank Trade Finance Revenues Set To Fall 8 Pct In 2020
September 30, 2020  |  B2B Payments

As returns from cash management offers are forecasted to drop 12 percent, trade finance revenues for banks are poised to fall by 8 percent in...

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SPACs Now Comprise 20 Pct Of IPO Market, Apollo’s Harris Says
SPACs Now Comprise 20 Pct Of IPO Market, Apollo’s Harris Says
September 30, 2020  |  Investments

Alternative investment firm Apollo Global Management Co-Founder Josh Harris said he thinks the trend of special purpose acquisition companies (SPACs) is not a flash in...

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Google Unveils New Chromecast With Google TV
Google Unveils New Chromecast With Google TV
September 30, 2020  |  Google

Google unveiled Chromecast with Google TV at its annual hardware event Wednesday (Sept. 30), the company announced in a blog post. Get the Full Story...

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