For the first time on record, compared to U.S. buyers, Chinese companies are buying up overseas assets at a faster pace. Select-service hotel portfolio from Starwood Capital Group LLC was agreed to be bought by China Life Insurance Co Ltd for $2… Read More ›
Eager to reduce costs, 70 of the world’s leading banks have got together to create a group, R3, which researched the benefits of blockchain technology and brought about “smart contracts”. In a development that has all the hallmarks of history… Read More ›
Grocery stores in Cairo’s bustling Dokki district on the banks of the Nile River were scourged extensively by Laila El-Sayed as she spent her entire afternoon looking got for just one thing – sugar. At a price that was twice… Read More ›
Amid growing fears over the impending Brexit negotiations, while smaller banks are making plans to get out before Christmas., Britain’s biggest banks are preparing to relocate out of the UK in the first few months of 2017. Warning that “the… Read More ›
By fueling price gains and stoking speculation of more borrowers to come, Saudi Arabia’s record debut international bond sale is shifting the ground across Middle East debt markets. In the wake of the kingdom’s $17.5 billion transaction that was completed yesterday, the… Read More ›
Zimbabwe’s citizens, who fear a recurrence of the 500 billion percent inflation that plagued the southern African nation before it abandoned its dollar seven years ago, is giving a hostile reception to the tentative return to its own currency. Central… Read More ›
According to a study by a financial consulting firm that works with plaintiffs in securities litigation, JPMorgan Chase & Co. inflated the value of complex bonds it sold to individual investors, by 15 percent in one example. According to the study from… Read More ›
Due to fears that the card data may have been stolen in one of India’s largest-ever cyber security incidents, a slew of banks in the country are replacing or asking their customers to change security codes of as many as… Read More ›
Nissan’s plant in northern Britain’s is the country’s largest. If it loses EU’s single market, it is likely to lose its competitive edge. As per Nissan Motor’s CEO, in November, the company will take the strategic decision as to whether… Read More ›
Wal-Mart Stores Inc. aims to deliver goods from its stores around the world to Chinese consumers within hours as the world’s largest retailer is making an ambitious push into e-commerce in China. As a part of a pilot project by… Read More ›
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