business

London’s ‘Golden Age’ as Europe’s financial capital is over, says NatWest chair

The City of London's 'Golden Age' as Europe's financial capital is over following Brexit, but it will remain a major…

5 years ago

China bans financial, payment institutions from cryptocurrency business

China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative…

5 years ago

FTSE 100 drops as commodity stocks weigh, inflation doubles

London's FTSE 100 slipped on Wednesday, dragged down by heavyweight commodity stocks, while a bigger-than-expected jump in inflation stoked fears…

5 years ago

Bitcoin slides below $40,000 after China’s fresh crypto curbs

Bitcoin tumbled below the $40,000 mark on Wednesday hitting a 3-1/2 month low and dragging down other digital coins after…

5 years ago

Walmart beats estimates for sales on stimulus spending boost, raises profit forecast

Walmart Inc (WMT.N) raised its full-year earnings forecast on Tuesday and beat estimates for same-store sales as it benefited from…

5 years ago

Sustainable finance scramble reaches currency derivatives market

A rush by companies to boost their sustainability claims has reached foreign exchange markets in the form of currency hedging…

5 years ago

Some big U.S. hedge funds loaded up on SPACS, value stocks during first quarter

A number of well-known U.S. hedge funds bought value stocks and blank-check acquisition companies, selling some winners from the technology-led…

5 years ago

Biden to pitch his $174 bln electric vehicle plan in Michigan

President Joe Biden will make the case for his $174 billion electric vehicle plan on Tuesday, calling for government grants…

5 years ago

Asian shares push higher, dollar eases

Asian shares rose on Tuesday, shrugging off worries about an increase in regional coronavirus infections, while inflation jitters helped push…

5 years ago

Burry of ‘Big Short’ fame reveals $530 mln bet against Tesla

The family office run by “Big Short” investor Michael Burry has disclosed a short position against Tesla Inc (TSLA.O) worth more than…

5 years ago