Archive - Jun 19, 2015

European shares remain higher, close to intraday highs, with the autos and travel & leisure sectors outperforming and basic resources, utilities underperforming. Meeting of finance officials to reach a deal over Greek aid ended in frustration, forcing leaders to call for an emergency summit for Monday. ECB plans to hold an emergency session of its Governing Council on Friday to discuss a deterioration in liquidity at Greek banks, three people familiar said. German airwave auction raises $5.7b to top 2010 sale. Bank of Japan leaves monetary policy unchanged as forecast. Shanghai Composite Index capped its worst weekly decline in seven years.

The government is prepared to finally enact one of the remaining (and arguably most important) two titles of the US JOBS Act. Regulation A+, as it’s colloquially known, is an amendment to the existing, albeit anemic, Regulation A exemption. A+ increases the total amount of capital a company can raise from $5 million to $50 million in a 12 month period, but comes with several caveats that won’t make it a feasible fundraising method for most startups.