Financial Markets
Top stories summarized by our editors
4/24/2019

LCH's ForexClear will begin clearing cash-settled FX options sometime in the next year, and sources say it might launch a separate service for deliverable FX swaps and forwards. The CCP is also reportedly considering adding a cross-currency swap clearing service.

More Summaries:
CCP
4/24/2019

Victory Capital announced that its plans to acquire options-based fund manager Harvest Volatility Management have been shelved because Harvest's investment strategies were affected by "adverse market conditions." The deal had a termination clause based on certain performance targets, which Harvest did not meet, according to analysts.

Full Story:
MarketVoice
4/24/2019

The Tokyo Commodity Exchange plans to start listing electricity futures this fall, pending regulatory approval. The exchange also plans to list liquid natural gas and coal, though no target date has been set.

More Summaries:
Tokyo Commodity Exchange
4/24/2019

Uber reportedly has chosen electronic trading specialist Citadel Securities as the designated market maker for its initial public offering on the New York Stock Exchange. The designation gives Citadel a crucial role in establishing Uber's opening price.

More Summaries:
Citadel Securities, Uber
4/24/2019

Eightfold, a startup that uses artificial intelligence to match employers and job applicants, raised $28 million in a recent funding round, bringing its total fundraising to $55 million.

Full Story:
VentureBeat
4/24/2019

Paperwork has been completed for Saudi Arabia to go forward with $400 million in venture capital investments, said Saleh Al Rasheed, governor of the Small and Medium Enterprises General Authority. The money will fund loans and capital investments.

Full Story:
Reuters
More Summaries:
Al Arabiya
4/24/2019

Tencent Trusted Doctors, a Chinese online health care service, has raised $250 million in a funding round as investors scramble to get into China's online health care sector. This is the company's first outside funding since it was formed by the merger of Tencent Doctorwork and Trusted Doctors.

Full Story:
Reuters
More Summaries:
Tencent
4/24/2019

Mfine, an Indian startup that uses mobile technology and artificial intelligence to deliver health care, raised $17.2 million in a recent funding round. The capital will be used to attract new customers and to expand throughout India, said CEO and co-founder Prasad Kompalli.

Full Story:
VentureBeat
4/24/2019

Ford is paying $500 million for an equity interest in Rivian Automotive, a startup developing electric trucks. Ford says the two companies will jointly develop a plug-in electric truck.

More Summaries:
Ford
4/24/2019

VDOO, an Israeli startup that develops automated security systems for the internet of things and embedded devices, recently raised $32 million. Investors included NTT Docomo, MS&AD Ventures and Dell Technology Capital.

Full Story:
Reuters
More Summaries:
NTT DoCoMo, VDOO