British finance minister Rishi Sunak has called the Bank of England to look into a case of ‘Britcoin’ or central bank-backed digital currency, according to Reuters. The digital currency aims…
Coca-Cola net revenues rose 5% to $9.0 billion in the first quarter of 2021, according to the company’s press release. Revenue was driven by 5% growth in concentrate sales, while…
Some members of Coinbase crypto exchange sold its securities for $3.6 billion, the first day of direct listing on Nasdaq, according to SEC fillings. CEO Brian Armstrong sold almost 750,000…
Orocobre Ltd agreed to acquire rival Australian miner Galaxy Resources Ltd, creating a $3 billion miner, according to The Wall Street Journal. The all-stock deal creates the fifth-largest global lithium…
Citigroup Inc. is seeking to establish a new investment banking and trading operations in China, according to Bloomberg. The bank plans to submit an application for a securities license and…
China’s largest property developer Evergrande New Energy Vehicle Group’s entry into electric cars has caught investor’s imaginations. According to Yahoo! Finance, the company, now with a market value of $87…
China has called bitcoin as “an investment alternative,” a remarkable shift after a crackdown on issuance and trading, according to CNBC. Industry insiders have called the comments “progressive” and are…
Tesla’s registrations of its electric cars in China jumped to 34,635 in March from 18,155 in February, according to Benzinga. The registrations in March were almost a triple from the…
U.S consumer sentiment index jumped to 86.5 in April from 84.9 in March, according to the University of Michigan’s press release. The sentiment index was lower than the expected 89…
U.S will initiate talks with Taiwan to address the valuation of its currency and external imbalances, according to The Wall Street Journal. The U.S said Taiwan’s central bank is actively…
Thermo Fisher is finalizing a deal to buy pharmaceutical-testing company PPD Inc. for more than $15 billion, according to the Wall Street Journal. The deal would be the latest tie-up…
China plans to approve its first foreign Covid-19 vaccine before July, according to The Wall Street Journal. The move reflects mounting pressure from domestic scientists and foreign business community to…