16 October – 20 October
Barely a day goes by without a fresh announcement about how banks are seeking to use blockchain technology to transform sizeable chunks of their business.
Vietnam’s stock exchange is preparing for its biggest initial public offering after bankers selling mall operator Vincom found a way around a technical restriction that prevented big IPOs in the past.
Spanish lenders bucked a modest rise in Europe’s equities markets on Monday, highlighting worries about the Catalonia’s independence vote.
The eurozone’s trade surplus in goods with the rest of the world fell €1.4bn year-on-year in August as demand in the bloc for imports outstripped increases in export sales.
As the gleaming new giants of the gig economy clash with governments and regulators, a battle-scarred old industry is watching quietly with a sense of déjà vu.
Equities in Asia were mixed on Tuesday as Sydney and Seoul followed Wall Street higher while Tokyo and Hong Kong were flat or edging lower.
Sears shares tumbled on Monday after the struggling US department store chain said that Bruce R. Berkowitz, the company’s largest external shareholder in the company, is stepping down from the board at the end of October.
Online fashion store Asos has once again shrugged off the difficulties that have afflicted its traditional high street rivals, reporting a more than doubling in pre-tax profits and increasing its forecasts for the year ahead.
Shares in Flybe fell as much as 20 per cent after a second profit warning in a year in a further blow to the regional airline struggling in an oversupplied European market.
Reckitt Benckiser, the British households goods company, on Wednesday issued its second sales warning of the year, while announcing a corporate shake-up that will see its core consumer health business run separately from other operations.
European equity markets opened on the front foot on Wednesday, after a muted session in Asia during which investors looked to interpret an extended speech from Chinese President Xi Jinping in Beijing.
As UK inflation touched 3 per cent, Mark Carney, the governor of the Bank of England, acknowledged he may soon be putting the ink into his fountain pen.
Investors soured on eBay shares after the company’s adjusted earnings outlook for the current quarter missed analysts’ estimates.
Qudian, the Chinese fintech, saw its shares surged nearly 48 per cent in its first day of trading in New York on Wednesday, giving a much needed boost to a technology IPO market where sentiment’s been marred by the underwhelming performances of Snap and Blue Apron since their high-profile market debuts.
The New Zealand dollar was down as much as 0.6 per cent on Thursday as the country waited for the outcome of government coalition negotiations.
Winston Peters, the leader of the minor party that was left holding the balance of power after the country’s September 23 election failed to deliver a clear winner, had said he would announce the results of coalition negotiations with the two major parties by the afternoon (local time) of October 19. With evening approaching no decision has been announced.
China’s economy grew at 6.8 per cent in the third quarter year on year, slightly below the previous period but still above the government’s full-year target, boosting President Xi Jinping’s effort to consolidate power at a five-yearly Communist party congress.
There are not many mortgage lenders who can also provide you with underpants, luxury ready meals and a decent rug. But all this will change following Marks and Spencer’s decision to launch a range of mortgages from early next year.
Paypal shares jumped in extended trading after the electronic-payments processor lifted its annual outlook again and posted upbeat quarterly results buoyed by strong mobile payments.
Unilever slid to the bottom of FTSE 100 performers after a weather-hit trading update, while gloomy UK high street sales data weighed on blue-chip index retailers.
A “secular increase” in African public debt has brought several governments towards a debt-servicing threshold beyond which they should not borrow, said Patrick Njoroge, governor of the central bank of Kenya.