(Bloomberg) ECB President Christine Lagarde expects restrictions on dividend payouts and share buybacks imposed on European banks to end in September. Lagarde’s statement signals a return to normalcy that could…
(WSJ) Online brokerage Robinhood Financial LLC has agreed to pay approximately $70 million to clean regulatory accusations over its trading practices and technology outages. Robinhood is accused of misleading customers,…
(Bloomberg) Antitrust battles between Google and Microsoft could increase following the expiry of a five-year non-aggression agreement in April. Under the previous pact, Google and Microsoft had agreed not to…
(WSJ) Private-equity giant TPG is evaluating an IPO or SPAC listing that could value the company as much as $10 billion. The process of TPG listing is still in early…
(Office for National Statistics) UK’s national output is estimated to have declined by 1.6% in the first quarter, a higher revision from the prior projection of 1.5% contraction. UK GDP…
(Coinbase blog) Coinbase CEO Brian Armstrong has revealed plans to launch a crypto app store that provides third-party apps created by outside software manufacturers. The crypto app store aims to…
(National Bureau of Statistics of China) China recorded a manufacturing PMI of 50.9 in June, down from 51.0 in May. The PMI was still higher than the expected 50.8. The…
(BBC) Mexico’s Supreme Court has ruled in favor of recreational use of cannabis by adults, terming the current prohibition unlawful. The 8-3 court ruling means that adults in Mexico can…
(Reuters) China’s ride-hailing company Didi Global Inc. has generated $4.4 billion after an initial public offering at the top of the range in the US. Didi reportedly sold about 317…
(The Conference Board) US consumers have raised optimism about the labor market and business conditions, as the confidence index reached 127.2 in June, from May’s 120.0. The consumer confidence is…
(SEC Filing) Cathie Wood’s Ark Invest is partnering with ETF provider 21Shares to establish a Bitcoin exchange-traded fund. The Bitcoin ETF, ARK 21Shares, will track the S&P Bitcoin index and…
(Sanofi) Sanofi SA plans to invest 400 million euros or $477 million in a year to build an mRNA vaccine business. Sanofi expects the investment in mRNA research to generate…