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 ›
stock market
High stakes meeting at White House on China tariffs today
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 ›
Trade deal with China will have to wait till Nov. 2020
The U.S.-China trade war is likely to drag till at least the U.S. presidential election in November 2020. “I have no deadline, no,” said Trump to reporters in London, where he was due to attend a meeting of NATO leaders…. Read More ›
Saudi Aramco IPO set to be world’s biggest at $1.7 trillion
With Saudi oil giant Saudi Aramco putting its IPO valued at $1.7 trillion, below the $2 trillion mark sought by Saudi’s crown prince Mohammad bin Salman, it is set to become the world’s biggest Initial Public Offering. Aramco will not… Read More ›
Crude oil prices likely to be more stable in 2019: Russian Energy Minister Alexander Novak
Russian Energy Minister Alexander Novak’s comments come in the wake of crude oil prices falling by more than a third this quarter. With the price of crude falling by more than a third this quarter, Russia’s Energy Minister Alexander Novak… Read More ›
Tiger Global builds $1 billion stake in SoftBank, calls it undervalued
SoftBank’s shares have appreciated by 54% in the last 5 years. Although its market capitalization is $87 billion, in comparison Alibaba has a market capitalization of $480 billion and the value of its shares have doubled since their listing on… Read More ›
Market sentiments turn bearish as Trump threatens imposition of new tariffs on Chinese goods worth $200 billion
The stock and the commodities market slipped lower on Wednesday as trade tensions between U.S. and China continued to escalate. On Wednesday, following renewed threats of tariffs on Chinese goods worth $200 billion by U.S. President Donald Trump, commodities and… Read More ›
Law and Justice (PiS) party’s musical chair of CEOs places Poland’s stock market at greater risks
By far the largest beneficiary of EU’s funds, PiS’ management of state run corporates have investors running for cover. With Poland’s ruling party making a flurry of changes in the leadership of state-controlled enterprises, the country’s stock exchange, that beat… Read More ›
LGM Partners’s disclosures reveals details of vol-mageddon
For the first time, LGM massive losses, due to vol-mageddon, have now been revealed in a court filing. In the first public disclosure which details as to why LGM Partners Ltd, a fund manager, became one of the biggest casualties… Read More ›
ECB asks Deutsche Bank to calculate exit cost of its investment banking business
The move is aimed at gauging the risks of Deutsche Bank’s abrupt exit from its investment banking business. As per a source, Germany’s biggest lender, Deutsche Bank has been asked by the European Central Bank to calculate the potential costs… Read More ›