finance

Goldman Sachs to plan 30% job cuts in Asia

Goldman Sachs will cut about 30% of the jobs in Asia. The US bank would be to announce the cutting of about 30% of its workforce in Asia, excluding Japan. Goldman, whose investment banking revenue fell 11 per cent to US$1.79 billion in the second quarter, is reducing the number of bankers working on mergers and acquisitions, and equity and debt capital market deals, Reuters said, citing unnamed sources.

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Blockchain start-ups raised $300 million in first half 2016

The total value of Venture Capital (VC) investment into blockchain technologies and Bitcoin companies totalled $290 million in the first half 2016, with more than 30 startups receiving funding in that time, according to a new study from Juniper Research.

More than a third of all investment was accounted for by three companies: Circle with its US$60 million Series D round; Blockstream, a US$55 million Series A; and Digital Asset Holdings, a US$60 million funding round.

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