Mexico’s central bank hiked interest rates to their highest in over seven years on Thursday and warned that the election of Donald Trump had cast doubt on the direction of Latin America’s second-largest economy. The […]
Faced with the biggest crisis in its history, Volkswagen (OTCPK:VLKAY) and its labor unions have agreed to a turnaround plan that will boost profitability and fund a post-Dieselgate shift to electric and self-driving cars. The […]
Global debt sales surged to more than $6 trillion this week as companies look to secure financing before interest rates increase resulting from the incoming US government’s anticipated stimulus measures. Financial Times (tiered subscription model) […]
The Korea Exchange (KRX), South Korea’s sole securities exchange operator, has launched a new service in which equity shares of startup companies can be traded on the open market. Called the Korea Startup Market (KSM), […]
The Bank of Japan was unable to buy bonds in two operations because no bondholders offered to sell. Efforts to buy one- to three-year maturities and three- to five-year maturities received zero bids, the central […]
Japanese Prime Minister Shinzo Abe is likely to tell US President-elect Donald Trump that killing the Trans-Pacific Partnership could lead Asian allies to join a trade agreement that includes China. Abe has revised travel plans […]
The Philippines has become the fastest growing economy in Asia, in an early boost for President Duterte’s efforts to court investors and calm business fears about the impact of his tilt from the U.S. to […]
Snapchat-maker Snap has made a confidential filing with the Securities and Exchange Commission for what could be the biggest initial public offering in the US since Alibaba Group Holding went public two years ago, people […]
Russia banned LinkedIn (NYSE:LNKD) because it does not store users’ data on Russian-based servers. They also threatened both Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR) with potential bans. According to LinkedIn: LinkedIn’s vision is to create economic […]
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