Bloomberg ICOs were supposed to be IPOs without the Wall Street middlemen and Washington meddling. Now they’re looking a bit less revolutionary. Initial coin offerings have raised $18 billion for blockchain startups this year, almost five times last year’s total, according to CoinSchedule. But unlike 2017, this is increasingly due to blockbuster sales that targeted accredited investors instead of just ...

Bloomberg Higher Canadian interest rates don’t appear to be worsening the pain for consumers, yet. Some 53 percent of Canadians say rising borrowing costs haven’t had a negative impact on their personal spending, according to a survey by Nanos Research taken earlier this month. Around 43 percent of respondents say they are feeling at least somewhat of a pinch, with ...

Bloomberg Bank of East Asia Ltd. slumped the most since July 2015 following news it will be cut from Hong Kong’s Hang Seng Index along with China Merchants Port Holdings Co., which also tumbled. BEA closed down 5.8 percent on Monday, making it the worst performer on the Hong Kong benchmark, even after paring some earlier losses. China Merchants Port ...