The New York Stock Exchange (NYSE) submitted an amended rule change with the U.S. Securities and Exchange Commission (SEC) on Monday in a bid to enable companies that debut on the stock market through a direct listing to raise capital.
Google Inc's U.S. advertising revenue will drop 5.3per cent as brands pare spending during the coronavirus pandemic, according to an eMarketer report on Monday, the first decline since 2008 when the research firm began estimating the Alphabet Inc unit's ad revenues.
Outdoor apparel brand Patagonia Inc will pause its ads on Facebook Inc and Facebook's photo-sharing app, Instagram, making it the latest company to join a boycott campaign organized by U.S. civil rights groups.
Wirecard said on Monday that 1.9 billion euros (US$2.1 billion) it had booked in its accounts likely never existed, a black hole that threatens to engulf the payments company and tarnish the reputation of Germany's financial watchdog.
EU antitrust regulators opened on Monday a four-month long investigation into the London Stock Exchange's US$27 billion bid for data and analytics company Refinitiv, saying the deal may hurt competition in trading, clearing and financial data products.
Credit Suisse Group AG said on Monday that it will delist several exchange-traded notes, including one linked to Wall Street's "fear gauge" that soared during the peak of the sell-off in US stocks.
The West African regional bloc ECOWAS is backing Nigeria's candidate to head the World Trade Organization (WTO) and calls on other African countries to follow, a document showed on Monday, in a possible step towards uniting Africa behind her.
Rare coloured diamonds and historic gems will be seeking new owners at Sotheby's semi-annual sale in Geneva this week, as live auctions resume after a suspension due to the coronavirus pandemic.
Wirecard said on Monday that 1.9 billion euros (US$2.1 billion) it had booked in its accounts likely never existed, a black hole that threatens to engulf the payments firm and tarnish the reputation of Germany's financial watchdog.
A significant proportion of UBS's staff could continue to work from home even after the coronavirus crisis has ended, the bank's Chief Operating Officer Sabine Keller-Busse said on Monday.
