Edition:
United States

Mutual Fund Center

Venture capital enthusiasm for fintech startups shifts to Europe

SAN FRANCISCO, April 26 Venture capital investments in financial services startups are showing a geographical split, with funding for so-called "fintech" companies in the United States cooling but soaring in Europe, according to a new report out Wednesday.

Fintech "unicorns" swell to 22, but Q1 fundraising drops

LONDON, April 26 (IFR) - There are 22 financial technology "unicorns", or startup companies now valued at US$1bn or more, that have an aggregate value of US$77bn, according to a report released on Wednesday.

UPDATE 1-KKR to buy Hitachi unit valued at $2.3 bln

TOKYO, April 26 U.S. buyout firm KKR said on Wednesday it has agreed to buy Hitachi Ltd's chip-making equipment and video solution unit in a deal valuing the company at 257 billion yen ($2.3 billion), its second purchase of a Hitachi unit.

BRIEF-State Street Q1 earnings per share $1.21

* State street reports first-quarter 2017 gaap-basis eps of $1.15, and roe of 9.9%, as both increased compared to the first-quarter of 2016

Trump tax plan slashing business rates to test support in U.S. Congress

WASHINGTON, April 26 U.S. President Donald Trump will release a tax plan on Wednesday proposing some deep rate cuts, mostly for businesses, including a slashed corporate income tax rate and steeply discounted tax rate for overseas corporate profits brought into the United States, officials said.

..............................................................................