Afghan security forces battled gunmen near a police compound and the nearby Iraqi embassy in Kabul on Monday following a suicide bombing, officials said. The target of the attack was not immediately clear but police on the scene said that the gunmen appeared to have taken cover in the embassy building in a business district […]
Read moreGoldman Sachs Group Inc hired China-focused banker Bill Chu to its investment banking team in the country, betting on increased activity as companies in the world’s second-largest economy gear up for a resumption of overseas deals. Based in Beijing, Chu will be a managing director in the China Investment Banking Services (IBS) team, according to […]
Read moreHeineken, the world’s second-largest beer maker, reported higher than expected earnings in the first half of 2017, with the strongest profit growth in Europe thanks to a late Easter and an early start of warm summer weather. The Dutch brewer of Europe’s top-selling lager Heineken, as well as Tiger and Sol, said volumes, revenue and […]
Read moreChinese billionaire Guo Guangchang is defending his company Fosun’s multi-billion dollar shopping spree abroad — as it buys yet another foreign firm — amid greater government scrutiny on massive overseas deals. Fosun “has always done two things: First, it has developed at an appropriate pace while reducing debt and improving its financial strength,” Guo wrote […]
Read moreThe Shanghai index quickly recovered from large volatility moves earlier in July, and the trend strength has continued as the index achieved upside targets near 3,265. The trend strength is defined by the long-term group of average in the Guppy Multiple Moving Average Indicator. The recent volatility proved the strength of the uptrend as shown […]
Read moreAndy Murray was one of 40,000 customers who committed to invest over £17 million ($22.3 million) in Revolut, the financial technology (fintech) company announced Monday. The firm raised $66 million in venture capital investment in a Series B round just over two weeks ago, led by international venture capital firm Index Ventures. Revolut opened that […]
Read moreWarring factions within factions, conflicting back-channeling, intense media scrutiny, questionable foreign influences and a capricious leader whose jarring moves leave everyone in a state of perpetual uncertainly. The Trump administration, right? Well, yes, but also Uber, as it nears its much anticipated decision on who will be its next CEO. And, according to sources, that […]
Read moreBeijing appeared to have doubled down on its crackdown of the internet in China, with news emerging that over the weekend, Apple pulled several virtual private network (VPN) services from the local version of the App store. Multiple VPN service providers, affected by the decision, slammed the move online, calling it a “dangerous precedent” set […]
Read moreCurrency, United States Finance
Investors await news of HSBC buyback plan when bank announces second-quarter results
HSBC, Europe’s largest bank, was widely expected to announce that it will buy back its own shares at between $1.5 billion to $4 billion in the second half of 2017, market watchers said. The bank had disappointed markets with just a $1 billion share buyback plan in the first six months of the year, after […]
Read moreWashington has no clear options to peacefully rein in an aggressive Pyongyang, political analysts said following the rogue state’s second intercontinental ballistic missile test in a month. That stalemate that could heighten the chance of risky military action. Aside from President Donald Trump’s Twitter tirade at China, Washington has so far responded to Friday’s launch […]
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