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Putin’s China visit aims to convert diplomacy into concrete trade gains in energy, agriculture and industry 08/29/2025

India to boost Russian oil imports in September, prioritising cheap barrels even as U.S. penalties loom 08/28/2025

ByteDance Prices Buyback of TikTok stocks at Over $330 Billion to Signal AI Strength and Bolster Staff Amid U.S. Pressure 08/28/2025

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Business & Finance

New Rules Mandate Chinese Firms Getting Chinese Ministry Approval For Offshore Listing

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...

Number of unicorn startups growns at a record pace

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...

Anti-Monopoly Steps Taken Against Ant Group Will Be Applied To Other Payment Firms, Says China

The stringent anti monopoly steps that have been taken by Chinese regulators against the Chinese e-commerce giant Alibaba's financial technology affiliate Ant Group will also be taken against other domestically grown payment service companies, said China's central bank on Thursday. Back in...

China to step up oversight of companies trading abroad

China has vowed to step up oversight of companies that list their securities in other countries. Earlier, the Chinese regulator demanded the removal of Didi, a service that had recently raised more than $4bn in an IPO in New York, from app stores. Chinese authorities will step up oversight of...

Sales Volume For NFTs Globally Reach $2.5 Bln In H1 Of 2021

The second quarter of the current year saw record volume of transactions in the market for non-fungible tokens (NFTs) as sales so far this year reached $2.5 billion compared to only $13.7 million in the first half of last year, showed data from the marketplace. An NFT is a form of a crypto...

Acquisition Battle For Britain's Morrisons Hots Up With Apollo Global Jumping In

A third bidder, Apollo Global Management, entered the fray for the $8.7 billion bid battle for the fourth largest supermarket group of the United Kingdom, Morrisons, flaring up the fight even more. The United States based company was in the preliminary stages of evaluating a possible offer...

Wall Street banks make over $650M on IPOs in a week

Last week was the most active week for initial public offerings on US exchanges since 2004. 14 firms earned at least $100m each and Wall Street banks earned $650m on their IPOs. The past week was the busiest for the US stock market in terms of the number of companies going public since 2004, writes...

Tesla sidesteps one of the world economy's biggest problems

Electric car maker Tesla was able to double its sales in spring 2021 compared to the same period a year earlier and sidestep one of the world economy's biggest problems, The New York Times reports. A global chip shortage that has hit carmakers around the world hard has not prevented Tesla from...

Top-selling cigarette brand owner to buy nicotine gum maker

Philip Morris, which owns the Marlboro cigarette brand, has agreed to buy nicotine gum maker Fertin Pharma for $813m. The deal should help one of the tobacco market's biggest players boost revenue from smoke-free products. One of the largest tobacco companies in the world, Philip Morris...

New Bank Group To Create Method To Track How Financing Helps In Jobs And Environment

Plans of development of a new method of measuring the environmental and social impact because of their financing was announced on Wednesday by a group of banks which included UBS and Singapore's DBS. ABN Amro and Danske Bank are also included in the banking group which is called Banking...