Hong Kong, Asia’s financial hub, is likely to see a large outflow of capital moving to Singapore. On Thursday, according to preliminary goverment data, for the first time since the 2007-2009 global financial crisis, Hong Kong, weighed down by an… Read More ›
Already hit by falling sales in China, and from the U.S.-China trade war, the automotive industry is going through a turbulent time. On Thursday, an industry body in Britain disclosed, British car production has dropped by an annual 3.8% in… Read More ›
The antitrust regulators of the European Union are seeking information from online sale companies about whether they were either directed or asked to consider the mobile payment service of Apple Inc in place of similar payment apps of rival companies…. Read More ›
Alphabet, parent company of Google, missed market estimates for earnings per share for the third quarter. But the company fared well in the other financial data released by it recently. The quarterly performance initially brought down Alphabet shares by as… Read More ›
A fine of £500,000 has been agreed to be paid by Facebook to the Information Commissioner’s Office in relation to its alleged role in the Cambridge Analytica scandal. This fine which is the highest possible one would bring an end… Read More ›
One of the major players in the electric car industry in China – BYD, reported an astounding 89 per cent drop in net profit for the most recently ended quarter. This resulted in the shares of the company dropping by… Read More ›
Resilience in consumer spending and a rebound in exports offset a decline in business investment in the third quarter for the United States economy resulting in the economy slowing down at a slower pace than markets had been expecting, This… Read More ›
The IPO, which is likely to be upwards of $20 billion, will be one of the biggest ever public offerings to hit the market. On Wednesday, in a statement Saudi Arabia’s energy minister said, the initial public offering (IPO) for… Read More ›
The snap election gamble could see Johnson’s political career in the same place as that of his predecessor Theresa May. With just two days to go before Brexit’s deadline of October 31, Boris Johnson’s “do or die” promise to deliver… Read More ›
Preliminary discussions to buy United States jeweller Tiffany & Co have been held by the French luxury conglomerate LVMH, it confirmed recently. “There can be no assurance that these discussions will result in any agreement”, LVMH said in a statement… Read More ›
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