The spread of cryptocurrencies such as Facebook's Libra could have serious repercussions for worldwide efforts to detect and stamp out money laundering and terror financing, a global watchdog on illicit finance said on Friday.
A hefty profit warning sent Renault shares tumbling as much as 15per cent on Friday, capping a miserable year for the French carmaker following the arrest of long-time boss Carlos Ghosn and adding to signs of a sharp slowdown in the global auto industry.
U.S. retailer Sears has borrowed about US$150 million from lenders, including its billionaire owner Eddie Lampert, as it racks up losses less than a year after it emerged from bankruptcy protection, people familiar with the matter said.
A hefty profit warning sent Renault shares tumbling as much as 15per cent on Friday, capping a miserable year for the French carmaker following the arrest of long-time boss Carlos Ghosn and adding to signs of a sharp slowdown in the global auto industry.
The US$100 billion Vision Fund of Japan's SoftBank Group Corp has in just over two years burned through much of its capital investing in money-losing, late-stage tech startups in areas as varied as autonomous driving, healthcare and finance.
JAKARTA: Indonesia has issued regulations to allow authorities to block smartphones purchased on the black market, in a bid to encourage investors to produce mobile phones in the country, a minister said on Friday. Indonesia is a large market for mobile phone producers, with 60 millions phones ...
Shares in French media group Vivendi jumped on Friday after it posted higher third-quarter revenue and said that a potential sale of a stake in its Universal Music Group (UMG) was attracting buyer interest.
Renault shares slumped on Friday after the French carmaker cut its revenue guidance for 2019 and lowered its profitability forecast.
Credit Suisse will start charging wealthy clients with large cash deposits in Swiss francs, the latest Swiss bank to pass on negative interest rates to customers.
InterContinental Hotels Group reported a 0.8per cent decline in revenue per room for the third quarter on Friday, as the Holiday Inn-owner was hurt by protests in Hong Kong and tougher trading conditions in the United States and China.
