Embattled Turkish lira rallies after Erdogan pledges stability and lower inflation November 11, 2020 The Turkish lira jumped today after President Tayyip Erdogan promised new economic stabilit, low inflation and a pro-investment environment
China’s banking regulator urges anti-monopoly scrutiny in financial sector November 11, 2020 China should borrow the play-book of foreign countries and step up anti-monopoly scrutiny in the financial sector to protect the interests of consumers, a senior official at the country’s top banking watchdog said earlier today. The remarks by Liang Tao, vice chairman of the China Banking and Insurance Regulatory Commission (CBIRC), came a day after China published draft rules aimed [...]
Pfizer’s Covid-19 vaccine news set off a $2 trillion trading frenzy on markets November 10, 2020 Pfizer's Covid-19 vaccine news set off a $2 trillion trading frenzy on markets
Virtual events company Hopin raises £125m leading to £2bn valuation November 10, 2020 Hopin, the UK virtual events provider, has raised $125m from venture capitalists, including Tiger Global and Accel, helping to drive a surge in its valuation to $2bn from $43m less than a year ago.
Insurer RSA share price rockets after £7.1bn takeover deal approach November 6, 2020 Insurer RSA share price rockets after confirmation of break-up deal talks
Billions of dollars at stake in White House race betting market as one punter places £1m bet on Biden win November 2, 2020 The 2020 US election is shaping up to be the biggest betting market event of all time, with one player placing a record-breaking £1m bet on a victory for Democratic challenger Joe Biden, betting companies say.
Twitter shares drop after user growth misses expectations October 29, 2020 Twitter today added fewer users than Wall Street had expected and said expenses would accelerate in the current quarter, sending its shares tumbling 13 per cent. Shares of Twitter fell to $45.23 in after-market trading. The San Francisco-based social media company said it had 187m monetizable daily active users (mDAU) during the third quarter, missing consensus analyst [...]
Weak iPhone sales pull down Apple shares despite revenue boost October 29, 2020 Apple’s announcement today that iPhone sales were weaker than expected sent shares down four per cent even as the tech company’s revenue and profit did better than Wall Street expected thanks to booming Mac and AirPods sales. Investors expected lower revenue from the Cupertino company’s bestselling product after delays left loyal fans clasping wallets shut [...]
Fiat Chrysler and Peugeot owner ‘set to win Brussels approval’ for $38bn merger October 26, 2020 Brussels looks set to approve the $38bn mega merger between former rivals Fiat Chrysler and Peugeot maker PSA
Gap looks at closing stores in the UK and rest of Europe October 22, 2020 American fashion retailer Gap is considering closing stores in the UK and some other European countrie. The clothing chain is trying to save cash while dealing with a sales slump brought on by the Covid-19 pandemic and competition from fast-fashion companies such as H&M and Zara. The San Francisco-based company, which had 129 Gap brand stores in Europe [...]
