A combined stake of 98.7 per cent in the Chinese insurance firm Dajia Insurance Group, which had been recently rehashed and formed into a new entity out of the beleaguered Anbang Insurance Group, is planned to be sold by two Chinese state investors of the company which amounts to a total value of...

Japanese auto company Honda Motor Co was open to making new alliances and partnerships for making electric vehicles profitable, said the company’s new chief executive on Friday.   "If through an alliance Honda can accomplish early what it should aim to be, then we'd be willing to form an...

Goldman Sachs CEO David Solomon said China's recent moves to increase oversight of its technology industry will delay the US listing of many Chinese companies. Because of moves by the Chinese government to increase its oversight of technology companies, many Chinese companies will delay their...

With the continued recovery of the United States economy, a 155 per cent jump in second-quarter profits was reported by US bank JPMorgan Chase & Co.   However, low interest rates, weak demand for loans and a slowdown in trading will prevent the company from potentially amassing large...

Cryptocurrency trading volumes on major exchanges, including Coinbase, Kraken, Binance and Bitstamp, fell by over 40% in June, CryptoCompare reported in a review. The company, which supplies data on the crypto market, cited lower cryptocurrency prices and lower volatility as the reason for the...

The Suez Canal earned a record $5.84 billion last fiscal year, Admiral Osama Rabie, head of the waterway's administration, said on Sunday. According to a release from Rabie's office, the number and tonnage of ships passing through the Suez Canal increased markedly during the first half of 2021....

The largest of the suppliers of apple Inc - Taiwan's Foxconn, is known to be pushing to further diversify in income streams and is now planning to build an electric vehicle making unit in eth United States. The Taiwanese company said on Friday that it was currently in negotiations with the US state...

A team is to be set up by Chinese securities regulator that will review plans of Chinese companies of launching initial public offerings (IPOs) on foreign exchanges, according to reports quoting information from sources with knowledge of the matter. The purview of the review team will include those...

In the second quarter of this year there were 136 new unicorn startups - more than in the whole of last year. More than half of the capital they raised in the six months was in investments of more than $100 million. In the second quarter of this year, there were 136 more startups with valuations...