World Economic Magazine

Facebook and Instagram will invest over $1 bln in content creators

Facebook Inc (FB.O) will spend $1 billion on social media creators through the end of 2022 in a fight for…

5 years ago

Big banks seek to curb “speculative” planned UK forex class action

A proposed multi-billion pound claim against powerful banks over alleged foreign exchange (forex) rigging is too weak and speculative to…

5 years ago

EXCLUSIVE Wealth manager Americana Partners bid $25 a share for Westwood Holdings Group

Wealth manager Americana Partners has made a $25 a share bid for Westwood Holdings Group (WHG.N), offering a nearly 28%…

5 years ago

Wells Fargo wary on prospect of asset restriction easing

Wells Fargo & Co's(WFC.N)Chief Executive Officer Charlie Scharf said the bank was not yet planning for the end of a…

5 years ago

ESG fever: share of sustainable fund trading soaring in 2021

The rush to invest in exchange-traded funds focusing on environmental, social and governance (ESG) issues jumped in the first half…

5 years ago

Musk defends timing of Tesla’s $2.6 bln deal for SolarCity

Elon Musk told a judge on Tuesday Tesla Inc (TSLA.O) had to buy SolarCity in 2016 because the failing solar…

5 years ago

Asian shares lower on U.S. inflation jitters

Asian shares fell on Wednesday after data showing the biggest jump in U.S. inflation in 13 years fuelled some market…

5 years ago

U.S. consumer prices post largest gain in 13 years; inflation has likely peaked

U.S. consumer prices increased by the most in 13 years in June amid supply constraints and a continued rebound in…

5 years ago

Japan’s Q3 growth forecast cut as new pandemic curbs hit: Reuters poll

Japan's economy will grow at a slower pace than initially expected in the third quarter, as fresh coronavirus emergency curbs…

5 years ago

Italy’s Ali Group hungry for bigger slice of U.S. fast-food market

Italian family business Ali Group expects its planned takeover of U.S. catering equipment rival Welbilt to boost sales as Americans'…

5 years ago