SoftBank has seen total losses of around $4 billion on its Didi position and has also suffered from a decline in the valuation of Alibaba. Uber’s own Didi stake saw a $2 billion decline last week following the June debut of Didi’s American depositary shares as China’s officials planned fines against Didi amid a wider
FBX, an Informa Financial Intelligence business, alongside Novantas, announced today the name of their combined business—Curinos—a new entity equipping financial institutions with expanded data sets, intelligent technologies and market expertise that empower clients to make more profitable, data-driven decisions faster. Curinos is the newest subsidiary of Informa plc (LSE: INF), resulting from the combination of
Today Bumped—the fintech company on a mission to create an ownership economy through a simple but powerful entry point to investing — announced the release of its newest product set. The ‘Graham’ is a suite of APIs designed for financial services organizations to bring stock rewards directly to their customers. The release of the ‘Graham’
Morrisons is preparing for takeover negotiations following its rejection of a £5.5 billion ($7.6 billion) bid from Clayton Dubilier & Rice (CD&R) at the weekend. Read More
The investment landscape has, for the past year, been characterised by uncertainty. It does not take a degree in economics to recognise that global pandemics, and their associated social restrictions, do not cultivate a desire for reckless speculation or needless risk-taking. It is doubtless for this reason that, according to a recent report from the
On Wednesday, mining stocks dropped after China announced it would release metal reserves to restrain commodity prices. China is the world’s largest consumer of raw materials. It fears that an increase in metal prices, and with it the extra costs that would be passed onto its consumers, could pose a serious threat to its economic
Both Great Britain and the EU have agreed to begin discussions via an informal forum on financial services, but the talks are yet to begin. This had led to Britain’s finance ministry calling for the EU to expedite financial services talks, after the London Stock Exchange urged the bloc to avoid protectionism. Read More
According to research by Hamptons, for the first time in over six year, it is now cheaper to rent a property in the UK than it is to buy a property. The estate agency has revealed that pre-pandemic, buyers with a 10% deposit would have been better off than renters by £102 each month. However,
If you are considering moving post-lockdown, you may be wondering what the property market is going to look like over the coming months – and you’re not alone. Read More
Index annuities are sometimes called hybrid annuities. They combine the potentially greater returns of variable annuities but don’t come with the same risk of losses, even if it means you get nothing that year because the stock market is down. However, there are several index annuity types. Know the ways to save your hard-earned money
Long criticised for the small percentages they pay in tax, big companies such as Google, Microsoft, and Apple will be pushed to pay more following a historic move by the G7 group of wealthy nations. The deal states that large multinational enterprises would pay a global minimum corporation tax of 15%. For the largest global
You may have a situation where all you need is a small amount of money for a short period and you don’t want the hassle of too much paperwork, credit checks and having to provide collateral. In some situations, this simply isn’t practical, such as when you need to unexpectedly make car repairs or have
