Category Archives:
Singapore-based crypto lender Vauld suspends withdrawals
HONG KONG (Reuters) - Singapore-based crypto lending and trading platform Vauld said on Monday it would suspend withdrawals and trading and seek new investors, the latest sign of stress in the embattl...
Jul 04, 2022
China agrees to invest $3 billion in Indonesia sovereign wealth fund
JAKARTA (Reuters) - China's Silk Road Fund (SRF) has signed a framework agreement to invest up to 20 billion yuan ($2.99 billion) in Indonesia's sovereign wealth fund, the funds said on Monday. The ag...
Jul 04, 2022
Energy shares boost European equities ahead of inflation data
By Devik Jain (Reuters) -European shares rose on Monday on gains in oil and gas companies, while investors awaited eurozone inflation data after a red-hot consumer price report last week cemented the ...
Jul 04, 2022
Germany preparing to help stricken Uniper through energy security law: sources
By Markus Wacket BERLIN (Reuters) -The German government wants to enshrine possible rescue measures for energy companies such as Uniper in its energy security law and may end up acquiring a stake in t...
Jul 04, 2022
Evergrande canvassing creditors’ support against winding-up petition – source
By Xie Yu and Clare Jim HONG KONG (Reuters) - China Evergrande Group is reaching out to its offshore creditors for their support to fight a lawsuit in a Hong Kong court aimed at liquidating the embatt...
Jul 04, 2022
Independence Day but no fireworks for markets
A look at the day ahead in markets from Sujata Rao. Americans shopping for July 4 barbecues will pay an average 17% more than last year for items such as burgers and lemonade, according to the America...
Jul 04, 2022
Ryanair records busiest month ever in June, load factor hits 95%
DUBLIN (Reuters) - Ryanair had its busiest month ever in June as it flew 15.9 million passengers, up from just 5.3 million a year earlier and topping a previous high set in May. Its load factor, which...
Jul 04, 2022
Volkswagen’s software unit to be streamlined, Cariad head tells FAZ
BERLIN (Reuters) - Volkswagen's software unit Cariad will be streamlined in efforts to step up the pace of software development, Dirk Hilgenberg, the head of the unit, told the Frankfurter Allgemeine ...
Jul 04, 2022
Digital banking start-up YAP raises $41 million, to expand into Saudi Arabia
By Alexander Cornwell DUBAI (Reuters) -YAP, a digital bank in the United Arab Emirates, said on Monday it had raised $41 million in funding and targeted raising another roughly $20 million to finance ...
Jul 04, 2022
France’s Schneider Electric to sell Russia unit to local management
PARIS (Reuters) -France's Schneider Electric SE has agreed to sell its Russian unit to the local leadership team, it said on Monday, joining a wave of companies divesting their Russian businesses. Sch...
Jul 04, 2022
Peoria, IL, USA
89 °F Sunny
