Economy

China Food Delivery Meituan Raises $10 Billion

Chinese Food delivery firm Meituan has raised $10 billion in a stock and convertible bonds sale. Despite a regulatory clampdown…

3 years ago

U.S. Sanctions Threats Push Putin Into Economic Isolation

The U.S. warns Russia of further repercussions if it doesn’t change behavior on foreign policy. This includes the treatment of…

3 years ago

Morgan Stanley Profit Climbs, and Nearly $1B Archegos Loss

Morgan Stanley reported a 150% jump in Q1 profit on Friday, sailing past Wall Street expectations. At the same time,…

3 years ago

IMF says Carbon Tax could Help Asian Countries

A carbon price that begins low and rises steadily could help Asian countries. That is to reach their targets under…

3 years ago

JPMorgan Profit Surges Nearly Five-fold in Q1

JPMorgan Chase & Co's earnings have soared almost five-fold or 400% in the first quarter. It blew past estimates as…

3 years ago

Airlines Could Use EU COVID Pass this Summer

Airlines could check new European Union COVID certificates of onboard passengers before allowing them to go on summer holidays. This…

3 years ago

White House Seeks Bipartisan Infrastructure Push

U.S. President Joe Biden was under pressure on Monday as lawmakers return from their spring break to deal with his…

3 years ago

Biden’s First White House Budget Proposal

 U.S. President Joe Biden will release his first budget proposal to the U.S. Congress on Friday. Nearly three months in…

3 years ago

Biden’s Tax Plan; Jobless Claims Due; Stocks to Open Higher

U.S. President Joe Biden’s plans to tax companies more are turning out softer than he previously suggested during his election…

3 years ago

Erdogan, Resolved to Cut Rates and Build Istanbul Channel

President Recep Tayyip Erdogan said the Turkish government is determined to bring down interest rates. Moreover, it will pull inflation…

3 years ago

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