The U.S. House of Representatives passed a law to kick Chinese companies off U.S. stock exchanges if they do not fully comply with the country’s auditing rules, giving President Donald Trump one more tool to threaten Beijing with before leaving office. The measure passed the House by unanimous voice vote, after passing the Senate unanimously […] Read more
Data giant S&P Global has agreed to buy IHS Markit in a deal worth $44 billion that will be 2020′s biggest merger, creating a heavyweight in the increasingly competitive market in financial information. The mega-deal, which includes $4.8 billion of debt, is a sign that deal-making activity is accelerating as breakthroughs in developing Covid-19 vaccines improve the economic outlook. […] Read more
Hotels are rolling out the red carpet for a new breed of traveler: your new puppy. Lockdowns, social distancing and new work-from-home arrangements have caused animal adoptions to soar across the United States. A new TD Ameritrade survey found that 33% of Americans — and half of millennials — have considered fostering or adopting a pet […] Read more
SoftBank shares extended their losses on Wednesday, wiping out over $12 billion in market value this week, amid jitters over the Japanese conglomerate’s latest tech investing strategy. Shares of the company fell another 3% by Wednesday’s close, leaving SoftBank with a market cap of 11.9 trillion yen ($112.1 billion). That was down sharply from the roughly […] Read more
From regulatory approval to business decisions, major American financial giants are moving deeper into the Chinese market, even though political tensions between the two countries are growing. Citi announced Wednesday it received a domestic fund custody license from the China Securities Regulatory Commission — becoming the first U.S. bank and the first of the top 5 global custodians […] Read more
The Bank of England is expected to expand its quantitative easing program on Thursday, but economists do not expect negative interest rates to be implemented this time around. The Bank’s latest monetary policy decision comes as the U.K. economy attempts to recover from an unprecedented 25% contraction across March and April as lockdowns forced by […] Read more
The fiscal deficit for the first three months of 2020 has almost doubled compared with the same period of last year. Total deficit has jumped from LL1.3 trillion to LL2.4 trillion. When expressed in contemporaneous foreign currency exchange rates, the deficit would have widened by 12 percent when calculated in dollars. During the first quarter […] Read more
Stock markets around the world are tumbling into correction territory as fears of a possible pandemic escalate, with cases of the new coronavirus surging outside China. More than 83,000 people in around 50 countries have now been infected. World Health Organization Director General Tedros Adhanom Ghebreyesus said on Thursday that the virus has “pandemic potential.” […] Read more
The European Central Bank has been leading the push to stimulate Europe’s economy, keeping the cost of borrowing for local businesses and households low. But some now say its financial toolkit is almost empty. This is important for Small and Medium Enterprises, which represent more than 99 per cent of all European non-financial companies. They […] Read more
As real estate becomes an increasingly popular career choice, many regions have thousands and thousands of real estate agents. Whether you’re buying or selling, it is important to understand what makes a real estate agent great and how you can find one to best represent you and your needs. Here are three things to consider […] Read more
