Posted at 07:57h
in
News
by KMFSLLP
Online trading platform Plus500 Ltd
said on Monday that it lost more than half of its
quarterly revenue to customers generating unusually strong
trading results, sending its shares down more than 10%.
...
Posted at 07:53h
in
News
by KMFSLLP
U.S. private equity firm
Blackstone has lowered its takeover bid for the Dutch
bank NIBC by around 25%, after it said the coronavirus
pandemic threatened to derail the deal altogether.
...
Posted at 07:51h
in
News
by KMFSLLP
China stocks ended higher on
Monday as poor domestic trade data reinforced hopes for further
policy stimulus to shore up the coronavirus-stricken economy.
...
Posted at 07:45h
in
News
by KMFSLLP
Loss-making Sembcorp Marine
unveiled plans for a S$2.1 billion ($1.5 billion)
recapitalisation through a rights issue backed by the rig
builder's parent firm, Sembcorp Industries, and state
investor Temasek Holdings.
...
Posted at 07:28h
in
News
by KMFSLLP
European shares retreated from
three-month highs on Monday, as investors locked in some profits
following a strong rally last week on hopes of a
post-coronavirus recovery.
...
Posted at 07:17h
in
News
by KMFSLLP
Asian companies are at a higher risk of
default in the coming quarters than last year, a Reuters
analysis of their credit ratios showed, as the coronavirus
pandemic has squeezed revenue and made it harder to refinance
debt.
Posted at 07:16h
in
News
by KMFSLLP
Online trading platform Plus500 Ltd
has seen revenues surge again in the second quarter of
2020, it said on Monday, while adding it had lost more than half
of the resulting income to customers generating unusually strong
trading results.
Posted at 06:45h
in
News
by KMFSLLP
Japanese stocks climbed to a
fresh 3-1/2-month high on Monday after a surprise increase in
U.S. employment gave investors further confidence of a swift
global economic recovery from a coronavirus-triggered slump.
...
Posted at 06:26h
in
News
by KMFSLLP
Loss-making Sembcorp Marine
on Monday proposed a S$2.1 billion ($1.5 billion)
recapitalisation through a rights issue that will be backed by
the rig builder's parent firm, Sembcorp Industries,
and state investor Temasek Holdings.
...
Posted at 06:00h
in
News
by KMFSLLP
Munich Re's Ergo unit
is entering China's property and casualty insurance market with
a 24.9% stake in Taishan Property & Casualty Insurance Co
through a capital increase, the German insurance company said on
Monday.