In a significant development, Australia has blocked a Chinese construction company from buying out a domestic builder involved in several high-profile projects, citing national security concerns, reported local media reports. In a regulatory filing to the Johannesburg stock market filing… Read More ›
According to sources familiar with the matter at hand, Daimler is preparing a stock market debut for its trucks division, reported German business newspaper Handelsblatt. The unit could be floated at the end of 2021, said sources while adding that… Read More ›
According to early data analysis of stock trading, news of a breakthrough in the race to find a vaccine for COVID-19 triggered one of the heaviest trading days since the height of the pandemic crisis with trade worth around $2… Read More ›
Early on Wednesday, U.S. stock futures jumped with U.S. President Donald Trump leading his Democratic rival Joe Biden in Florida and in other crucial swing states, which play a pivotal and deciding role in the election. Extending its rally on… Read More ›
According to sources familiar with the matter at hand, William Ackman, has approached Airbnb Inc about going public through a reverse merger with his blank-check company. The negotiations though are currently not moving ahead with Airbnb being more focused with… Read More ›
On Wednesday, shares of Australia’s Afterpay Ltd as well as its smaller consumer lenders tumbled for a second day following the entry of U.S. giant PayPal into the buy-now-pay-later sector which sent investors scrambling to re-price its stocks. Shares of… Read More ›
On Tuesday, activist investor Amber Capital is set to face one of its biggest test in its high-stakes bid to shake up governance at media and publishing firm Lagardere. Shareholders are set to vote as they attempt to revamp the… Read More ›
For reviving the U.S. economy, investors are pinning their hopes for wider availability of testing for COVID-19 along with drug trials; until there is some concrete progress in these areas stock market gains are likely to be limited. The S&P… Read More ›
On Monday, China’s commodity and stock markets fell steeply in the first trading session after an extended Lunar New Year break, with investors dumping risky assets in response to heightened fears over the outbreak of the coronavirus across China. The… Read More ›
According to three sources familiar with the matter at hand, U.S. President Donald Trump is scheduled to meet with top trade advisers on Thursday in order to discuss U.S. tariffs which are scheduled to kick-in on December 15 on $160… Read More ›
