The UK financial regulator is investigating 14 firms and six individuals over their roles in the tax scandal known as Cum-Ex, according to a person with direct knowledge of the cases.
EQT Corp, the biggest producer of US natural gas, is seeking to acquire rival CNX Resources Corp, according to people familiar with the matter, as M&A accelerates in the distressed shale patch.
Stock markets mostly rose yesterday but gains were limited as US lawmakers struggled to hammer out a fresh economic rescue package, while investors were largely unmoved by the last presidential debate before next month’s election.
Indian stocks rose, tracking broad gains in Asia, as investors digested the final US presidential debate while also assessing the quality of local earnings.
The Qatar Stock Exchange drove along the negative trajectory to remain below 10,000 levels this week; mainly on domestic institutions’ substantially increased net profit booking.
Plans are in the pipeline for the staging of a series of workshops by the US-Qatar Business Council (USQBC) Doha office aimed at providing information to the Qatari private sector and its stakeholders on the investment climate and business opportunities available in the US market...
Huawei’s revenue growth slowed significantly in the first nine months of 2020, the Chinese telecom giant said yesterday, citing “intense pressure” on operations during the coronavirus and as the US moves to cut off its access to vital components.
Japan’s government is in no mood for a huge bailout plan for ailing airline ANA, sources say, preferring a piecemeal approach to direct capital injections – a stark contrast to the bold moves other countries have made to protect flagship carriers.
China’s fast-growing $157bn market for exchange-traded funds became directly accessible to overseas investors yesterday, at least four years since the plan was first hatched.
China’s top policymakers meet next week to hammer out the country’s future economic blueprint, offering clues on how the leadership plans to pivot the world’s second-largest economy to be more self-sufficient.
European stocks rose yesterday, boosted by positive earnings updates from Barclays and a surge in Airbus, but nagging worries about the economic impact of surging Covid-19 cases saw markets post their biggest weekly decline in a month.