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Finablr PLC Lists On Main Market Of London Stock Exchange
20.5.2019
Global payments company Finablr PLC gets listed on the main market of the London Stock Exchange. The company’s shares will be listed in the premium category of the main market. As far as the world’s leading stock exchanges are concerned, the one in London remains one of the most influential...
Japan’s Topix May Increase By 15% In 2020: Morgan Stanley
17.5.2019
Morgan Stanley, a leading investment bank, is expecting the Japanese Topix to increase by close to 15% by mid of 2020. As per a report published last week, it says that the Japanese stocks are the opposite of American stocks. While the American stocks are loved, the Japanese stocks are ‘oversold...
Jet Powered 5-Seater Self Flying Aircraft Unveiled
17.5.2019
A startup company from Germany has revealed an all-electric self-flying 5 seater prototype of an air taxi. The German-based company, Lilium on Thursday announced that this taxi had made its first test flight successfully earlier this month. The aircraft took off, ran around and landed....
Brazil’s Soybean Farmers: the Big Winners of US-China Trade War
17.5.2019
The trade war between the United States and Chine has comfortably been the most significant development as far as global trade is concerned, and even after months of talks between the two nations, no resolution is yet at sight. In fact, the tensions have escalated after the two countries resumed...
American Consumers Feel The Heat Of Trade War, Walmart Raises Prices
17.5.2019
Trump’s imposition of tariffs on Chinese products attracted a retaliatory tariff hike by China on American products. The latest victim of this trade war is the average American consumer as Walmart in a statement said that it would increase prices on the items that are imported from China....
Top Tesla Investor T Rowe Sells 81% of Shares, Others Follow
17.5.2019
Tesla, the electric car maker’s top investor T Rowe Price Associates sold close to 81% of its stakes in the first quarter of the year making a quick retreat from the company it had invested for long. T Rowe had 1.7 million Tesla shares on Mar 31, and it once held 8.9 million shares in …
The...
Microsoft Partnership and Buyback Announcements Send Sony Shares Soaring to New Highs
17.5.2019
When it comes to large corporations like Sony, a lot of effort needs to be made in order to send its shares soaring, and that is what happened yesterday as the company made some major announcement. While stock buybacks have been the flavor of the season for many of the biggest corporations in...
Chinese Giant Baidu Records First Quarterly Net Loss Since Listing, Stock Dips
17.5.2019
The fact that Google and many other tech giants are not allowed to ply their trade in China has proven to be a huge book for local tech companies, and over the years, many of those homegrown companies have gone on to become behemoths in their own right. The primary reason behind that hyper-growth...
Amazon Conducts $575 Million Funding Round in UK Food Delivery Firm Deliveroo
17.5.2019
In an increasingly connected world that has been ushered in by a range of tech companies over the past decade and a half, food delivery has become one of the most important industries all over the world and in that regard; the United Kingdom is no different. The country’s most popular food delivery...
European Union Fines 5 Top Banks 1 Billion Euros for Foreign Exchange Market Rigging
17.5.2019
Over the course of their history, some of the biggest banks in the world have often colluded to rig the different markets in which they operate, and much of that has come out in the open over the past decade or so. The fixing of LIBOR was a case in point, and in a new …
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Tension In Middle East, Oil Prices Increase
16.5.2019
The US West Texas Intermediate crude futures rose by 25 cents from the previous day and was at $62.27 for a barrel a rise of 0.4%. The Brent Crude futures also rose up by 0.7% up by 0.4% and ended the session at $72.04 for a barrel. The oil prices had stabilized after the fallout …
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CEO of Burger King’s Parent Company Looks for Long Term Growth in China as Slowdown Hits
16.5.2019
China is the world’s second-largest economy and over the past decade, some of the biggest companies in the world have flocked to the nation in order to meet the insatiable demand for all sort of products and fast food was business certainly one of them. Burger King remains one of the best known...
Japan Considering Downgrading Its Economy As Per Direct Sources
16.5.2019
A Japanese government source said that the government might downgrade the economic outlook for its country as the factory output and exports fall due to the ongoing trade war with the U.S. and China. The report which will be released next week is also fueling speculation that Prime Minister Shinzo...
Indonesia To Invest A Massive $412 Billion On Rebuilding The Country
16.5.2019
Indonesia President Joko Widodo’s is planning to make a huge investment of $412 billion on rebuilding the country’s infrastructure. It is also thought of as being a strategy to boost the country’s economy beyond Java, which is its nerve-center. The plan is to build newer power plants, upgrade...
India’s Manipal Health Enterprises Set to Get Rs.145 Crore Investment from Morgan Stanley
16.5.2019
The investment will also constitute an Rs. 100 crores investment in Healthmap, which is a diagnostic imaging initiative in partnership with the government. The Indian private health care industry has grown exponentially over the course of the past two decades, and much of that has to do with...
Australia Faces The Threat Of Unemployment
16.5.2019
The graph of the unemployment rate in Australia has taken a step higher, which has affected the labor market adversely. This mounting unemployment has boosted the chances of an interest-rate cut. As per the statistics bureau reports, the unemployment rate, which stayed at 5.1% in March,...
Automobile Stocks in the US Show Mixed Signs as Trade Concerns Hit
16.5.2019
When Donald Trump became the President of the United States, one of the most important policy initiatives that the administration had pushed was that of reducing the country’s trade deficit with a range of nations. The administration had decided to raise tariffs as a way of bringing nations to...
Warren Buffett’s Berkshire Hathaway reveals its Gigantic Stake in Amazon
16.5.2019
Warren Buffett is one of the most successful investors in history and over the years, he has been known to make large bets on companies that he believes in, and eventually, he ends up holding them for years. However, at the same time, Buffett is also known to have strong opinions about stocks...
Fintech Firms and Nasscom Want Crypto in Reserve Bank of India’s Regulatory Sandbox
16.5.2019
Cryptocurrencies are still not legal in India, but Fintech Firms and tech body Nasscom want the central bank of the country to include them in its regulatory sandbox. Over the past half a decade, cryptocurrencies have become one of the most popular investments for millions of people all over...
Indigo Ready To Offer Business Class For Europe-Asia Flyers
16.5.2019
As a first step to enter the Euro-Asia market, IndiGo plans to offer business class seats at an affordable price. Currently, IndiGo offers international flights to Istanbul, Turkey. The airline is now expecting to start the first service to Europe in the next six months, and it will be a one-stop...