Plans of initiating an initial public offering (IPO) in Hong Kong or in some of the other overseas markets where the denominated shares would be valued in U.S. dollar was recently shared with the media by the co-CEO of Bitmain Technologies which is the biggest cryptocurrency mining in the world. This IPO would be a…
Naspers – a South African media, tech and investment firm, had made an investment of $32 million in 2001 for a significant share in a Chinese tech start up and it is deriving rich benefits of that single bet. Tencent was that Chinese startup – the owner of the largest messaging app in China –…
Selling of trips to animal parks that have killer whales would be stopped by travel giant Thomas Cook. Concerns about the welfare of the animals were earlier expressed by over 90 per cent of its customers, the company said. SeaWorld, in Florida, and Loro Parque in Tenerife would be the two parks it will stop…
The Deutsche Bank AG has a plan to reduce its operations in the United States according to sources who have bene quoted in the media, and as a part of that plan, the lender is set to lay off dozens of its employees and is to and consolidate its space at its Chicago office. The…
China has to face some challenges to maintain its economic growth rate over the 5 per cent mark through the next few years. The second largest economy of the world should not pin its hopes only on the continuance of the recovery of the global economy to drive its economic growth. But it is a…
The practice was confined to only small to mid-size businesses. As per a report from the Wall Street Journal citing sources familiar with the matter at hand, American Express Co raised currency conversion rates for business clients without notifying its customers in advance; AmEx’s move was aimed at boosting its employee commission and revenues. The…
The deal comes ahead of the crucial upcoming American football season. On Monday, GVC Holdings Plc has agreed to enter into a joint venture with MGM Resorts International, a U.S. hotel and casino operator, to set up an online betting platform in the U.S. ahead of the upcoming American football season. Initially, GVC Holdings Plc…
Analysts at UBS said in a note Friday that if the current trade tensions between China and the United States enhances further and turns into a full-blown trade war, there can be steep drops in global stock markets which would not be desirable for investors. The Swiss bank had estimated through its calculations that profits…
A first systematic analysis has revealed has noted that damaging impacts of humanity have impacted about 87% of the world’s oceans. There is virtually no ocean that remains that is able to harbour naturally high levels of marine wildlife except for some of the remotest areas of the Pacific Ocean and the poles. the researchers…
The prices of carbonated drinks would be increased by Coca Cola, the company announced on Wednesday, and United States President Donald Trump’s trade war was partly responsible for the move by the global confectionary company, said its CEO James Quincey. Quincey blamed “broad based” cost increases for a price hike that is most likely during an earnings…
