Real Time Financial News Website
Dealmakers expect a new wave of transformative U.S. mergers and acquisitions (M&A), as companies rush to complete deals before President Joe Biden’s antitrust push takes shape, to be followed by…
Flamboyant British entrepreneur Richard Branson is set to fly to space on a Sunday test flight by his Virgin Galactic Holdings Inc (SPCE.N), beating fellow aspiring billionaire astronaut and Amazon.com…
British billionaire Richard Branson on Sunday soared more than 50 miles above the New Mexico desert aboard his Virgin Galactic rocket plane and safely returned in the vehicle’s first fully…
The European Central Bank will change its guidance on the next policy steps at its next meeting to reflect its new strategy and show it is serious about reviving inflation,…
Credit Suisse (CSGN.S) said on Monday that Floriana Scarlato is quitting “with immediate effect” as compliance head of the Swiss universal bank and also exiting other roles at the bank’s…
China’s decision on Friday to give its economy a 1 trillion yuan ($154 billion) shot in the arm has given investors a reminder that even the largest economies are likely…
Unable to get a slot on a container vessel, Lee Sang-hoon is considering using fishing trawlers docked for repair in the South Korean port of Busan to meet surging export…
U.S. Treasury Secretary Janet Yellen on Sunday said that a newly endorsed mechanism to allow more countries to tax large, highly profitable multinational companies may not be ready for consideration…
President Joe Biden’s planned executive order to promote greater U.S. competition will target bank mergers by pushing the Federal Reserve and the Department of Justice to update merger guidelines and…
President Joe Biden will sign an executive order on Friday that includes 72 initiatives he wants over a dozen agencies to undertake to promote competition throughout the U.S. economy, according…
The price of bitcoin dropped Thursday as investors began shedding risk amid an equity markets decline. Fears of a slowing global economic comeback caused by the potential spread of the…
A Swedish man wanted by the United States for defrauding over 3,500 victims of more than $16 million has been sentenced to 15 years in prison for securities fraud, wire…
Instacart named Facebook Inc (FB.O) app head Fidji Simo as its chief executive officer on Thursday, adding big tech expertise ahead of an expected stock market listing by the U.S.…
France’s anti-trust watchdog will make a decision in the coming days over the way Google (GOOGL.O) held copyright talks with some French publishers about paying for news content, the watchdog’s…
Circle, which provides payments infrastructure for digital currencies, said on Thursday it would go public in a blank-check merger deal that values it at $4.5 billion, at a time crypto…
Facebook “misplaced” guidance on an important exemption to its rules on dangerous individuals and organizations for three years, the company’s independent oversight board said on Thursday. The board, which was…
Mexico’s effort to stamp out employment contracts signed behind the backs of workers has “significant weaknesses” and should be reformed, said a U.S. advisory board that monitors Mexico’s compliance with…
European Central Bank policymakers failed to agree on a new policy guidance when they finalised the conclusion of a broad strategy review and will revisit the issue on July 22,…
Top global banks consolidated their stranglehold on the $6.6 trillion a day global foreign exchange market last year, with new entrants ceding ground, a widely watched industry survey showed. With…
It is an article of faith among central bankers that the decisions they make about how much money to create and what interest rate to charge for it will determine…
Asian stocks fell to a six-week low on Thursday as an extended selloff in tech shares in Hong Kong and rising virus cases added to a broad risk-averse mood, pressuring…
The European Commission fined German carmakers Volkswagen and BMW a total of 875 million euros ($1 billion) on Thursday for colluding to curb the use of emissions cleaning technology they…
Global markets won’t have a violent “taper-tantrum” like they did in 2013 even as though U.S. Federal Reserve is expected to discuss tapering of asset purchases at its annual gathering…
Japanese Olympics sponsors are cancelling or scaling back booths and promotional events tied to the Tokyo 2020 Games, frustrated by “very last minute” decisions by organisers and a delay on…
The dollar hovered near a three-month high versus major peers on Thursday after minutes of the Federal Reserve’s June policy meeting confirmed the world’s biggest central bank is moving toward…
Global index publisher FTSE Russell said it will delete a further 20 Chinese companies from its indexes after user feedback on an updated U.S. executive order that bars U.S. investment…
Prosus, Europe’s answer to SoftBank and its Vision Fund, is betting that its long-term investments can fill a yawning valuation gap and give it the same name recognition as one…
Remote connectivity software specialist Teamviewer (TMV.DE) on Thursday reported weaker-than-expected billings growth in the second quarter but stood by its full-year outlook due to strong trading in June. Billings growth,…
South Korea’s Samsung SDI Co (006400.KS) may build a battery cell plant in the United States to support the auto industry’s shift to electrification, a company source with close knowledge…
Online brokerage Robinhood Markets Inc, which helped enable the “meme stock” frenzy earlier this year and later attracted flak for its handling of the trading mania, is facing pushback on…