economy

BlackRock becomes first to operate wholly owned China mutual fund biz

BlackRock Inc (BLK.N) has become the first global asset manager licensed to start a wholly owned onshore mutual fund business…

4 years ago

G7 eyes allocating $100 bln from IMF funds to COVID-ravaged nations-US

The United States and other Group of Seven nations are considering reallocating $100 billion from the International Monetary Fund's warchest…

4 years ago

Analysis: As EU preps debut recovery bond, a reality check for “safe asset” hopes

As the European Union readies bond sales for its pioneering COVID-19 recovery fund, the scale and duration of the borrowing…

4 years ago

EXCLUSIVE ECB tells Deutsche Bank to find new chairman fast – sources

The European Central Bank has asked Deutsche Bank a number of times in recent months to name a successor to…

4 years ago

UK recovery quickens in April as economy posts record annual jump

Britain's recovery from the COVID-19 pandemic sped up in April as lockdown measures eased, with the fastest monthly growth since…

4 years ago

More Chinese provinces issue bans on cryptomining

Authorities in China's northwestern province of Qinghai and a district in neighbouring Xinjiang ordered cryptocurrency mining projects to close this…

4 years ago

SoftBank’s PayPay surges ahead in Japan’s digital payments race

For six decades, shoppers at Mikawaya, a rice dealer in eastern Tokyo, paid in cash - until sales staff from…

4 years ago

Archer’s flying taxi makes splashy debut in heated market

Archer Aviation unveiled its first electric flying taxi “Maker” in a Tesla-style debut on Thursday as an increasing number of…

4 years ago

GameStop falls 27% on potential share sale, other ‘meme stocks’ falter

Shares of GameStop Corp (GME.N) lost more than a quarter of their value on Thursday and other so-called meme stocks…

4 years ago

Dollar marooned as investors shrug off inflation spike

After a week of anxious waiting, markets got the high U.S. inflation number they dreaded, shrugged it off and moved…

4 years ago