Despite the threat of deliting for non-compliance to U.S. accounting standards, Chinese mainland companies are rushing to list their shares on U.S. stock exchanges thus increasing the risk of U.S. investors to the Trump Administration’s delisting ban. Despite trade threats… Read More ›
Coronavirus vaccine developer CureVac BV stated, it has raised $213 million through its initial public offering (IPO) in New York setting the stage for the first stock market debut of a company developing a potential cure for the deadly disease…. Read More ›
According to a senior official from the White House, next week Washington is set to unveil a major economic investment program with the Colombian government. The move assumes significance since it underscores Washington’s drive to relocate supply chains that it… Read More ›
The International Energy Agency (IEA) has said that there will be a greater fall in demand than was previously expected by it for the current year as well as for 2021 because of a surge in new infections of the… Read More ›
In a statement on Thursday, Germany’s Ifo economic institute said, German companies expect business conditions to normalize in an average of 11 months. Germany’s services sector expect business to return to normal at 11.7 months, while the manufacturing sector sees… Read More ›
In a statement Chevron Corp said, it is in the process of investing in nuclear fusion startup Zap Energy Inc, joining its peers Norway’s Equinor and Italy’s ENI, who have also backed the startup in order to reduce their carbon… Read More ›
According to a report from China’s Xinhua News Agency, China’s banking industry is expecting to expecting to write-off $489.91 billion (3.4 trillion yuan) of bad debts in 2020. These bad loans have cropped up due to Wuhan coronavirus. “The sector… Read More ›
On Thursday, German conglomerate Thyssenkrupp said, some of its businesses were stabilising in the current quarter after taking heavy hits from the coronavirus pandemic. Thyssenkrupp has reported a fiscal third-quarter adjusted operating loss from continuing operations, minus the elevator business… Read More ›
Chinese tech giant and owner of the chat and messaging app WeChat, Tencent, beat analyst expectations for the three months through to the end of June, reporting its fastest growth in revenues for any quarter in about two years. Despite… Read More ›
One of the best known brand names in the global entertainment industry – 20th Century Fox, has now been ended by Walt Disney. This came with the rebranding of one of the TV studios as 20th Television by the legendary… Read More ›
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