In line with investors' mixed reactions to the automaker's plans to list sports car maker Porsche AG in what could be Europe's third largest initial public offering, Volkswagen shares traded at or near breakeven on Monday.   Volkswagen stated on Sunday that it aimed to value Porsche AG at...

Luxury property is defying the downward trend in Shenzhen, a city in southern China where the real estate market has slowed, according to a report published on Monday by the official Securities Times. This is because wealthy buyers are looking for a haven in an unstable market.   604 units...

The long-term issuer default ratings (IDR) of four of the largest U.S. banks, including Bank of America Corp. (BofA) at "AA-", Citigroup Inc. at "A," JP Morgan Chase & Co. at "AA-," and Goldman Sachs at "A," have been confirmed by international rating agency Fitch Ratings. The banks' rating...

On Sunday, Ben & Jerry's founders claimed on MSNBC that parent company Unilever PLC had broken the terms of the 2000 merger agreement by selling the Ben & Jerry's business in Israel to a local licensee who could then sell their products in the West Bank.   "That agreement gave...

Monday saw the official launch of the first global registry of oil and gas reserves, production, and emissions, according to Carbon Tracker and Global Energy Monitor, which includes information on more than 50,000 fields.   In order to help investors better understand which assets may be at...

Volkswagen plans that the manufacturer of sports cars Porsche will go public through Volkswagen at a valuation of $70 to $75 billion. The offering might rank as the second- and third-largest in all of Europe. Porsche, the luxury sports car manufacturer, will be put for an initial public offering...

A definite agreement has been reached for the purchase of the graphics editor Figma for $20 billion by American software company Adobe. According to a statement from the firm, Adobe "today announced a definitive deal to merge with and acquire Figma, a premier collaborative website design platform,...

According to a report released on Tuesday, sales by branded coffee shops in the United States increased 10per cent in the 12 months to June 2022 to reach $45.8 billion, a value that is 96per cent of pre-pandemic levels, while the number of stores surpassed levels seen before 2020.  ...

Stocks of American technology businesses fell after the release of the U.S. Department of Labor's inflation data, which was worse than expected. CNBC estimates that the six biggest technology companies in the United States lost more than $500 billion in market value. Six significant U.S. technology...