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Market News
October 20, 2021
India Debt to Avoid Sell Offs on RBI Steps: Reliance Nippon Life
Indian bonds may not sell off sharply even as the nation’s central bank unwinds stimulus measures because the monetary authority has been...
October 20, 2021
Zimbabwe Shuts Down Forex Platform to Stem Currency Decline
Zimbabwean authorities shut down a popular black-market currency-tracking platform, the latest action to try and stop an accelerating decline in its...
October 20, 2021
Jack Ma Goes Abroad for First Time After Alibaba Crackdown
Jack Ma, the co-founder of Alibaba Group Holding Ltd., is traveling to Europe for the first time since a bruising government crackdown on his tech...
October 20, 2021
ING to Take $210 Million Hit to Compensate Dutch Clients
ING Groep NV will take a 180 million-euro ($210 million) charge in the third quarter to compensate Dutch clients who paid too much interest on...
October 20, 2021
THG Says Co-Founder Moulding Is Released From Share Pledge
THG Plc said co-founder Matthew Moulding and his wife Jodie no longer have any of their shares in the online shopping group pledged as security...
October 20, 2021
Scientific Games Close to $3 Billion Lotteries IPO in Australia
Scientific Games Corp., a maker of casino slot machines, is nearing an Australian initial public offering of its global lotteries business that could...
October 20, 2021
China Should Brace for Higher Luxury Goods Taxes, CICC Says
China’s plan to reform its consumption tax system will likely entail a hike in rates on luxury goods and products that use high energy or generate...
October 20, 2021
UBS Upgrades China Stocks to Overweight as Crackdown Passes Peak
UBS Group AG upgraded its recommendation on Chinese equities to overweight from underweight, saying tighter economic regulation has been priced in,...
October 20, 2021
China’s Debt-to-GDP Ratio Falls for Fourth Straight Quarter
China’s total debt as a percentage of gross domestic product fell for a fourth consecutive quarter, as the government tries to strike a balance...
October 20, 2021