In a statement, online broker Robinhood said, it has placed temporary buying restrictions on a small number following ten-fold increase in deposit requirements as mandated by clearing house. “….the required amount we had to deposit with the clearing house was… Read More ›
temporary
China temporarily blocks Shanghai-London Stock Connect scheme over political tensions
According to five sources, China has temporarily blocked the planned cross-border listings between the London and Shanghai stock exchanges due to political tensions with Britain. The suspension of the Shanghai-London Stock Connect scheme has cast a shadow over the future… Read More ›
China to adopt stricter intellectual property rights: Premier Li
He will be replaced by Michael Heuer, Roche’s regional head of Europe, the Middle East, Africa, and Latin America, until a permanent replacement is found. On Tuesday, Roche disclosed, Roland Diggelmann the head of its diagnostics division will be leaving… Read More ›
Crude oil prices jump after Saudi Arabia temporarily suspends shipments through the Bab al-Mandeb strait
Yemen backed Iran-aligned Houthi movement attacked two of its Very Large Crude Carriers, one of which suffered minor damages. With Saudi Arabia, the world’s largest producer of crude oil, suspending the shipment of crude through the strategic Red Sea shipping… Read More ›
China’s temporary ban of Micron Technology’s chip sales in China sours mood of investors towards semiconductor stocks
Market sentiments are likely to be choppy ahead of July 6 – the date on which the United States is set to impose additional tariffs on Chinese goods worth $34 billion. Following China banning the sale of Micron Technology’s chip… Read More ›
Trump Administration excludes strategic allies from higher import tariffs on aluminum and steel
The exemption, albeit temporary, will be further reviewed on May 1 2018. In a strategically significant development with widespread repercussions, U.S. President Donald Trump has excluded, albeit temporarily, 6 countries, including the European Union, Canada and Mexico, from stiff U.S…. Read More ›
World’s largest temp staffing firms Adecco acquires Vettery for undisclosed amount
The move by Adecco, the world’s largest temp staffing firm, will enable it to expand its footprint in the online permanent recruitment space, locally as well as internationally. On Tuesday, Adecco, a staffing company, stated it has acquired Vettery, a… Read More ›
Britain eyeing customs deals as enjoyed by Turkey with the European Union
The stance has been portrayed as wanting to have the cake and eat it. If the EU were to agree to it, it could encourage other member states to follow Britain’s example. In what could be potentially a sticky point… Read More ›