Italy could see repeat elections in July after anti-establishment parties failed to reach an agreement following the inconclusive vote in March. Rome has been in political deadlock since the outcome of the general election in early March, where no party or coalition gained a majority to govern in parliament. President Sergio Mattarella announced Monday that […]
Read moreSwedish payment start-up iZettle announced it will go public this year. The financial technology firm said Tuesday that it plans to raise 2 billion Swedish krona ($226 million) through an initial public offering on the Nasdaq in Stockholm. The company provides mobile card readers and other digital payment products to small businesses. It is a […]
Read moreAdecco Group reported weaker-than-expected first-quarter earnings as the world’s largest staffing company said revenue grew at an underlying 5-6 percent rate in March and April. Switzerland-based Adecco said its revenue fell 1 percent in reported terms and rose 4 percent on an organic basis in the three months ended March 31 to 5.69 billion euros […]
Read moreThe situation could turn “dicey” for emerging economies in Asia if the benchmark 10-year U.S. Treasury yield hits 3.5 percent, according to an expert from Europe’s largest bank. Many Asian emerging economies have attracted large amounts of foreign investments into their local bond markets, and an uptick in the yield of the 10-year Treasury could […]
Read moreCurrency, United States Finance
European markets set for a mixed open as investors wait for Trump’s decision on Iran deal
European markets are expected to open relatively mixed Tuesday morning, as investors await critical news surrounding the Iran nuclear accord. The U.K.’s FTSE 100 opens back up for trading on Tuesday, set to open 14 points higher at 7,581. Elsewhere, the French CAC 40 is expected to open relatively flat at 5,531, while Germany’s DAX […]
Read moreLast month saw major growth in China trade. China’s April imports jumped 21.5 percent and its exports grew 12.9 percent against the prior year-ago period. Both of those figures, denominated in U.S. dollars, topped analysts expectations: A Reuters poll had predicted 16 percent import growth and 6.3 percent export growth. Overall, China’s April trade balance […]
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In cities all over the U.S., electric vehicles have been popping up from companies like LimeBike, Spin, Bird and Uber’s Jump Bikes. These start-ups have raised hundreds of millions of dollars to solve what some call the last mile transportation problem — the symbolic distance between public transit and the final destination. While consumers may […]
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