On Wednesday, three sources familiar with the matter at hand said, Indonesian e-commerce firm Bukalapak has raised $1.5 billion in its initial public offering (IPO); Indonesia’s largest IPO saw Bukalapak price its shares at the top of an indicated price… Read More ›
Month: July 2021
Production And Sale Of Passat In US To Be Ended By VW To Focus On SUVs
German car maker group Volkswagen AG will end all sales and production of the Passat sedan in the United States starting next year, the company said on Monday. Analysts see this move by the company as a part of its… Read More ›
Bitcoin Drops Below $30,000, Global Crypto Market Loses Nearly $90 Billion In 24 Hrs
The global cryptocurrency market saw almost $89 billion being wiped off in 24 hours on Tuesday, according to CoinMarketCap data, as the value of most digital coins being dragged down by bitcoin which dropped below $30,000 for the first time… Read More ›
China’s real estate market in the doldrums
On Tuesday, for a second day in a row, shares and bonds in China Evergrande, Beijing’s most indebted developer, plunged downwards following the suspension of sales of its two real estate projects by local authorities, which highlighted worries over its… Read More ›
Pakistan Implements Measures To Make Cryptocurrency Boom Under Regulation
There has been a boom in trading and mining cryptocurrency in recent times in Pakistan with thousands of views of relate videos on social media as well as transactions on online exchanges showing the growing interest in the country. The… Read More ›
Women Account For 1/3 Of British Financial Service Firm Boards, Says Report
There has been a significant improvement in the proportion of women on the board of listed financial companies in Britain over the last five years since the government initiated an initiative to improve gender balance in the sector. A report… Read More ›
Air cargo PT My Indo Airlines files lawsuit against carrier Garuda Indonesia over debt repayment
In a statement Indonesian carrier Garuda Indonesia said, air cargo firm PT My Indo Airlines has filed a lawsuit against it over failure to repay a debt. The court proposal had no immediate impact to Garuda’s operations, the company said… Read More ›
Italian luxury group Ermenegildo Zegna goes public through SPAC, $3.2 billion
Italian luxury group Ermenegildo Zegna has agreed for a market listing in New York this year by merging itself with a U.S. special-purpose acquisition company (SPAC) in a deal that gives the Italian company a market value of $3.2 billion…. Read More ›
Women representation on Britain’s top 200 financial firms jumps by 32%
According to a report released on Monday by think tank New Financial, the proportion of women on the board of Britain’s top 200 financial companies has risen to nearly a third in the last five years following a government launched… Read More ›
Football Association needs independent oversight: British ministers
Following security failings at Wembley along with the disorder at the Euro 2020 final between England and Italy, British ministers have called for independent oversight of Football Association (FA). The final match, won by Italy in a penalty shootout, was… Read More ›