Stocks

Chinese Starbucks Rival Set to Raise $800 Million in US IPO

By Katherine Miller April 24, 2019

Over the last two decades, many Chinese companies have become major players in industries that have traditionally been dominated by household global names, and in a new development, Chinese coffee house chain Luckin Coffee Inc and Starbucks’ rival is gearing up for a mega Initial Public Offering (IPO). However, what is even more interesting is […]Continue Reading

Trading News

Asian Stocks Remain On A High, Wall Street Underperforms

By Katherine Miller April 17, 2019

Asian stock which had reached a 9-month high due to positive export and banking data in China continued to rally as the investors hoped that the Chinese economy would get better. Meanwhile, Wall Street underperformed as the quarterly earnings of major banks started pouring in. In the market Stocks: Asia-Pacific’s shares broadest index MSCI climbed […]Continue Reading

Trading News

U.S. Consumer Prices Go Up

By Katherine Miller April 12, 2019

U.S. consumer prices went up the most in the last 14 months in March. However, the underlying inflation trend seems to slow down the domestic as well as global economic growth. On Wednesday, a mixed report was released by the Labor Department which seemed to support the Federal Reserve’s decision to suspend its campaign in […]Continue Reading

Stocks

Report of Third Point’s Rising Stake Sends Sony Shares Soaring

By Katherine Miller April 10, 2019

There are many funds across the world that are known for driving changes in companies in which they have significant investment and so is the case most of the time, when Third Point LLC corners a large enough stake in any company. In a new development, that is the talk of the financial world at […]Continue Reading

Company News

Chainalysis Gives Clarification about Allegations Made by Coinbase

By Katherine Miller March 7, 2019

In the industry of blockchain intelligence, Chainalysis is one among many high-profile companies and a well-known blockchain analytics firm that is situated in New-York. To allow law enforcement agencies, companies and governments to supervise transactions done by blockchain and keep track of any suspected illegal activities, it offers technology tools like proprietary Continue Reading

News

Shanghai’s Tech Board Attracts Hoards of Chinese Fund Managers

By Katherine Miller March 5, 2019

The Chinese tech scene has exploded over the last decade or so and it is no surprise that the appetite for funding China-based tech businesses has only grown in the recent past. However, the current trade tensions with the United States have presented another troubling problem for investors, who have been limited from investing in […]Continue Reading

Opinion & Analysis

India’s Economic Growth Slows Down to 6.6 Percent in Q3; GDP Growth Rate is Much Lower than Expectations

By Katherine Miller March 4, 2019

India’s Gross Domestic Product (GDP) growth rate in Q3 which ended on 31st December 2018 has stood at 6.6 percent; the information is according to recent government data which was released on Thursday. The growth rate is at a 5-quarter low. It is the slowest growth rate ever since the quarter that ended in September […]Continue Reading

Trading News

HSBC misses on earnings expectations for 2018, blames US-China trade war and slowdown in the UK

By Katherine Miller February 21, 2019

Declaring the annual financial report card for 2018, HSBC on Tuesday admitted falling short of expectations on several fronts, following a challenging fourth quarter. Markets across the globe experienced sharp falls in business activity during the last quarter. Europe’s largest bank’s reported pre-tax profits for 2018 stood at $19.89 billion, a 15.9% jump from the […]Continue Reading

Opinion & Analysis

RBS Profits Soar More than Double, as Lender Issues Dividends Worth £1.6 Billion

By Katherine Miller February 19, 2019

The Royal Bank of Scotland (RBS) has reported profits of £1.62 billion for the year ending 2018. The year on year profit growth has been over 200% from £752 million in the preceding year. The Bank has revealed a near £1 billion windfall for the taxpayer. This is the bank’s second consecutive year yielding profits, […]Continue Reading

Company News

Ford Focuses on Doubling Profit

By Katherine Miller January 28, 2019

Jim Hackett, Chief Executive of Ford Motor Co, said on Thursday that the company would be aiming to double its annual operating profit this year. Ford, the No.2 automaker in the U.S. had mediocre gains last year. Hackett’s comments on the coming year’s profits were made in an email to the employees at Ford. Ford […]Continue Reading