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
Reasons for FDI Foreign direct investments are financially recompensing ventures that can boost a country’s economy. So what are foreign direct investments? Also referred to as FDIs, foreign direct investments are ventures that a firm or an individual engages directly in a foreign country. They can take different forms, including investments in another country’s firm, […] Read more
While writing, you will need a pen and a book or paper; the same principle goes to blogging, you will need a platform for bloggers. This helps in providing you with the base you need as well as the framework for you to begin your blogging. To make sure that you can effectively blog and […] Read more
Media, marketing and sales are the worst industries for eco-friendly workplace practices, according to a new survey. More than 2,000 British workers were surveyed on their workplace habits, such as recycling, limiting paper usage, and switching off appliances when not in use. It also considered separating out recycling, and unplugging phone chargers. The majority (70%) […] Read more
