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ABOUT USThe Fintech Times is the world’s first and only newspaper dedicated to fintech.Published Bimonthly, the Fintech Times explores the explosive world of financial technology, blending first hand insight, opinion and expertise with observational journalism to provide a balanced and comprehensive perspective of this rapidly evolving industry.

The speed with which AI is transforming our lives is head-spinning. Unlike previous technological revolutions – radio, nuclear fission or the internet – governments are not leading the way. We know that AI can be dangerous; chatbots advise teens on suicide and may soon be capable of instructing on how to create biological weapons. Yet there is no equivalent to the Federal Drug Administration, testing new models for safety before public release. Unlike in the nuclear industry, companies often don’t have to disclose dangerous breaches or accidents. The tech industry’s lobbying muscle, Washington’s paralyzing polarization, and the sheer complexity of…

Rio Tinto Group approved a $473 million mine expansion at its Richards Bay Minerals unit, ending a prolonged suspension of the South African project.

(RTTNews) – Zymeworks Inc. (ZYME) announced Loss for its fourth quarter of -$41.209 million The company’s bottom line came in at -$41.209 million, or -$0.55 per share. This compares with -$23.506 million, or -$0.31 per share, last year. The company’s revenue for the period fell 91.9% to $2.5 million from $31 million last year. Zymeworks Inc. earnings at a glance (GAAP) : -Earnings: -$41.209 Mln. vs. -$23.506 Mln. last year. -EPS: -$0.55 vs. -$0.31 last year. -Revenue: $2.5 Mln vs. $31 Mln last year. The views and opinions expressed herein are the views and opinions of the author and do…

I’m not proud to admit that I love property as entertainment, especially smooth-brained “reality” shows in which peptide-plumped, pilates-honed NYC Amazons in towering Louboutins scrap over commission on Upper West Side condos. It’s a world where make-believe sums of money are bandied around, drama is manufactured, people say “I’m super excited” without any part of their preternaturally glossy faces moving and every surface is Carrara marble. I’m never more at peace than when I’m slumped under a crisp-strewn blanket, muttering “that’s hideous” at a $26m (£19m) penthouse.Inevitably, social media cottoned on to my proclivities and now offers me endless real…

Becker Capital Management Inc. reduced its holdings in Merck & Co., Inc. (NYSE:MRK – Free Report) by 2.5% in the third quarter, HoldingsChannel reports. The firm owned 296,427 shares of the company’s stock after selling 7,498 shares during the period. Becker Capital Management Inc.’s holdings in Merck & Co., Inc. were worth $25,119,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also recently modified their holdings of the company. Darwin Wealth Management LLC grew its holdings in Merck & Co., Inc. by 237.4% in the third quarter. Darwin Wealth Management LLC now owns…

Analysts argue that geopolitical shocks have failed to invalidate the existing bullish short-term and bearish mid-term outlooks. Bitcoin’s reaction to escalating geopolitical tensions over the weekend was limited, even as traditional markets reacted more sharply. BTC slipped to around $65,500 on Monday after trading in a volatile range between roughly $63,000 and $68,000, as markets responded to rising US-Iran tensions and reports that Iran’s Supreme Leader, Ayatollah Ali Khamenei, was killed in a joint US-Israeli airstrike. Despite the intense, volatile backdrop, market commentators say that the conflict has not changed Bitcoin’s trajectory. High Risk Zone In a post on…

(RTTNews) – K92 Mining Inc. (KNT.TO) announced earnings for its full year that Increased, from the same period last year The company’s earnings came in at $270.19 million, or $1.11 per share. This compares with $111.22 million, or $0.46 per share, last year. The company’s revenue for the period rose 69.8% to $595.25 million from $350.62 million last year. K92 Mining Inc. earnings at a glance (GAAP) : -Earnings: $270.19 Mln. vs. $111.22 Mln. last year. -EPS: $1.11 vs. $0.46 last year. -Revenue: $595.25 Mln vs. $350.62 Mln last year. The views and opinions expressed herein are the views and…

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxHSBC Singapore has announced two senior appointments aimed at strengthening its China corridor proposition, as it seeks to support Chinese businesses and entrepreneurs expanding into Singapore and across ASEAN.Singapore continues to serve as a strategic entry point into Southeast Asia and a hub for companies pursuing broader international expansion.The bank said the appointments reflect its focus on facilitating cross-border banking, trade and wealth needs linked to China-ASEAN flows.Wong Kee Joo, Chief Executive Officer of HSBC Singapore, said:Wong Kee Joo“As the region’s leading trade and business hub, Singapore is…

The question is how high could oil prices go in the case of a sustained conflict.