Economy & Finance

Oil prices edge higher on Chinese economic data

Oil prices edge higher on Chinese economic data

Published 15/07/2019

LONDON (Reuters) - Oil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations but gains were capped by overall figures [more…]

Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows

Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows

Published 15/07/2019

LONDON (Reuters) - Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting [more…]

Bank of England picks World War Two code-cracker Turing for banknotes

Bank of England picks World War Two code-cracker Turing for banknotes

Published 15/07/2019

MANCHESTER, England (Reuters) - Mathematician Alan Turing, who helped Britain win World War Two with his code-cracking but committed suicide after being convicted for homosexuality, [more…]

Retailers cash in on Amazon’s ‘free marketing’ on Prime Day

Retailers cash in on Amazon’s ‘free marketing’ on Prime Day

Published 15/07/2019

NEW YORK (Reuters) - Amazon.com Inc’s Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other U.S. retail [more…]

Sports Direct delays results as House of Fraser deal backfires

Sports Direct delays results as House of Fraser deal backfires

Published 15/07/2019

LONDON (Reuters) - British retailer Sports Direct (SPD.L) has delayed publishing its annual results, warning problems integrating its purchase of House of Fraser stores and [more…]

Huawei to invest $3.1 billion in Italy, add 1,000 jobs in three…

Huawei to invest $3.1 billion in Italy, add 1,000 jobs in three…

Published 15/07/2019

MILAN (Reuters) - China’s Huawei Technologies will invest $3.1 billion in Italy over the next three years, the chief executive of the telecoms giant’s Italian [more…]

SGX seeks price limits on stock auctions after $41 bln flash crash

SGX seeks price limits on stock auctions after $41 bln flash crash

Published 15/07/2019

SINGAPORE (Reuters) - Singapore Exchange’s (SGXL.SI) regulatory unit is proposing imposing price limits for daily stock auctions to prevent incidents such as the $41 billion [more…]

Hold the beers: Budweiser APAC IPO hit by investor push-back

Hold the beers: Budweiser APAC IPO hit by investor push-back

Published 15/07/2019

HONG KONG/NEW YORK/BRUSSELS (Reuters) - Scepticism over AB InBev’s high valuations doomed Budweiser APAC’s IPO of up to $9.8 billion - poised to be the [more…]

Zimbabwe inflation almost doubles, stirring memories of economic chaos

Zimbabwe inflation almost doubles, stirring memories of economic chaos

Published 15/07/2019

JOHANNESBURG (Reuters) - Zimbabwe’s annual inflation almost doubled to a new 10-year high of 175.66% in June, data showed on Monday, stirring memories of years [more…]