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China-made smartphone now worth $4 Billion Chinese smartphone maker Transsion has raised nearly $400 million in an IPO on China’s new, tech-focused stock market. On Wednesday the Shenzhen-based company said in a stock market filing that ...
Metro Bank shares fall after investors turn away £200m bond sale Metro Bank shares plunged more than 35%, a record low on Tuesday after wary investors refused to purchase bonds, another blow to the bank since it revealed an accounting ...
Wrightbus goes into administration, risking 1,400 jobs Wrightbus, maker of the revived Routemaster bus and one of Northern Ireland’s biggest employers has collapsed into administration, putting 1,400 jobs at risk. The failure of Wrightbus ...
Depositors panic over RBI’s takeover of major co-operative bank The Reserve Bank of India’s (RBI) move to take charge of one of the country’s top co-operative banks has left thousands of depositors in the lurch. In effect, ...
Sibanye-Stilwater to cut over 5,000 jobs in Marikana restructuring South African miner, Sibanye-Stilwater said on Wednesday that it could cut around 5,270 jobs in order to restructure its loss-making Marikana mine. Sibanye said that the aim ...
A U.S.-Japan trade deal hit a last-minute setback as Tokyo officials sought assurances that the Trump administration will not impose national security tariffs on Japanese-built cars and auto parts, sources familiar with the talks said on Monday. U.S. ...
Bitcoin and other major cryptocurrencies fell in Asia after a lackluster launch of the Bitcoin futures contract. Bitcoin lost 2.6% to $9,733.7 by 1:20 AM ET (05:20 GMT). The digital coin climbed higher earlier in the day following the official ...
The Eurozone came close to stalling in September after global trade disputes and the threat of a no-deal Brexit triggered the fastest fall in manufacturing output in nearly seven years. Germany was the main cause of the slowdown following a ...
France to block Facebook’s Libra in Europe France has said that it will block the development of Facebook’s cryptocurrency, the Libra in Europe, dealing a fresh blow to the cryptotrade industry. The French finance minister, Bruno ...
U.S.-China Trade Talks to commence on Thursday Deputy-level U.S.-China Trade Talks are scheduled to commence in Washington on Thursday, U.S. Trade Representative’s (UTSR) office said, paving the way for high-level talks in October aimed ...
UAE warns Saudi Aramco attacks can dangerously escalate The attacks carried out on Saudi Arabian oil plants are a dangerous escalation and the international community should stand by Riyadh to ensure regional stability, a senior United Arab ...
KPMG forecasts no-deal Brexit recession in 2020 Britain could plunge into its first recession in a decade should the government quit the EU without a deal, according to the latest in a string of gloomy forecasts made by the Bank of England ...
Britain hopes for trade deal with Australia after Brexit Britain’s Trade Minister Liz Truss said on Wednesday she expects to complete a wide-ranging trade deal with Australia within months of exiting the European Union. In efforts to ...
Dollar sits at seven-week high vs Yen ahead of Fed meeting The dollar held near a seven-week high against the Japanese yen on Wednesday before the outcome of a Federal Reserve meeting where officials are widely expected to cut interest rates ...
Britain to investigate $5 billion purchase of Cobham Britain will investigate national security impacts of the purchase of defense company Cobham by U.S. private equity firm Advent International, which would potentially delay or block the $5 ...
Asian Shares slips as U.S.-China Trade Talks continue Asian share markets slipped on Monday as investors waited for more clarity on U.S.-China trade talks. Market sentiment remained fragile with civil unrest in Hong Kong, tensions in the Middle ...
UK PM Johnson warns no Brexit breakthrough in New York British Prime Minister Boris Johnson cautioned that there would be no Brexit breakthrough at talks with European leaders in New York as gaps remained though also saying significant progress ...
Top investors warn markets might face risks over lax climate forecast Financial markets risk major disruptions by relying on forecasts that underestimate the impact of climate-change policies that are expected to abruptly tighten the next decade, ...
Bitcoin Climbs as Intercontinental Exchange Debuts Future Contracts Bitcoin prices climbed in Asia as Bakkt’s much anticipated Bitcoin futures trading has officially launched on the Intercontinental Exchange (ICE). Bakkt, the Bitcoin ...
Oman not in talks with Gulf countries for Financial Aid Oman was not present in discussions among the Gulf countries for any aid package, an official said, despite a large fiscal deficit and the expectation of a slowdown in economic growth ...
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