World Economic Magazine

Wall Street banks’ Q2 trading revenue likely to surge, softening blow from deal slump

A surge in trading revenue powered by volatile markets should partially offset a slump in M&A and equity and debt…

4 years ago

Futures fall with investors wary ahead of earnings

U.S. stock index futures fell on Monday, bracing for the start of the earnings season which could see profits come…

4 years ago

Exclusive: Binance served crypto traders in Iran despite U.S. sanctions, clients say

The world's largest crypto exchange, Binance, continued to process trades by clients in Iran despite U.S. sanctions and a company…

4 years ago

Shell gets $1 bln refining boost, upgrades oil and gas assets

Shell (SHEL.L) said on Thursday surging demand for oil products that had almost tripled refining profits in the second quarter would boost…

4 years ago

Chipmakers revive stocks as euro struggles after freefall

Chipmakers revived stock markets on Thursday, helping to sooth investor worries over a potentially rapid recession because of looming rate…

4 years ago

Scandal-ridden Boris Johnson to quit as UK prime minister

Boris Johnson will announce his resignation as British prime minister on Thursday after he was abandoned by ministers and his…

4 years ago

Bank of England tells lenders to brace for economic storm

The Bank of England warned on Tuesday that the economic outlook for Britain and the world had darkened and told…

4 years ago

Mexican used-car startup Kavak expands outside Latin America

Mexican used-car platform Kavak is investing $180 million to open offices and make its platform available in four new countries,…

4 years ago

Amazon teams up with Just Eat on U.S. food delivery with Grubhub investment

Amazon (AMZN.O) has agreed to take a 2% stake in Just Eat Takeaway.com's (TKWY.AS) struggling U.S. meal delivery business Grubhub and will offer its…

4 years ago

Analysis: Scalded by Russia, investment funds tread carefully in China

China, the only big economy promising a growth rebound this year, is again luring foreign investors. Yet the fear that…

4 years ago