Cryptocurrency trading volumes soared by 17per cent last month in the wake of Tesla's US$1.5 billion bitcoin bet, with larger exchanges taking a growing share of the overall volumes, data showed on Friday.
U.S. grocery delivery app Instacart is considering going public through a direct listing, concerned that it could leave money on the table through a traditional initial public offering (IPO), according to people familiar with the matter.
BEIJING: China will invest more in coal to power its economy over the next five years, according to a government plan released Friday (Mar 5) that only modestly increased renewable ambitions. Environmentalists had been hoping China's five-year national development plan, unveiled at its annual ...
SYDNEY: An Australian court upheld a landmark class-action lawsuit against Johnson & Johnson for "negligent" marketing of pelvic mesh implants on Friday (Mar 5), paving the way for thousands of women to receive compensation in a costly setback for the US pharma giant. Johnson & Johnson had ...
ZURICH: Switzerland votes Sunday (Mar 7) on a free trade deal with Indonesia but the agreement, which opens up a vast potential market, could slip up over the issue of palm oil imports. Under the deal, tariffs would be gradually removed from almost all of Switzerland's biggest exports to the...
ZURICH: Credit Suisse is winding down its supply chain finance funds which held most of their roughly US$10 billion in notes backed by beleaguered Greensill Capital, it said on Friday (Mar 5). "The fund boards have now decided to terminate the funds. Credit Suisse Asset Management's priority is to ......
PARIS: The CEO of French planemaker Dassault Aviation hinted at an alternative plan if talks between France, Germany and Spain over work on a joint fighter project break down, but said he still believed in the bid to create a manned and unmanned combat system. "I don’t believe it's in...
HOUSTON: Texas' power grid operator Electric Reliability Council of Texas (ERCOT) made a US$16 billion pricing error in the week of the winter storm that led to power outages across the state, Potomac Economics, which monitors the state's power market, said. ERCOT kept market prices for power too ......
Global index publisher FTSE Russell said on Friday it will omit Xiaomi Corp from its global and China indexes in line with a U.S. executive order from then-president Donald Trump.
TOKYO: Blockchain payments firm Ripple has not experienced any fallout in its Asia Pacific business after being sued by the US Securities and Exchange Commission (SEC), the company's chief executive officer said on Friday (Mar 5). In late December, the SEC charged Ripple, which is associated with ...
