International rating agency S&P Global Ratings (S&P) has placed Japanese electronics giant Toshiba Corporation's 'BB+' rating on its watch list with the possibility of a downgrade after the company announced its intention to split, the agency said in a release. Toshiba said on Friday it intended to...

With the embattled Chinese real estate company China Evergrande Group scribbling to meet its financial commitments, its founder is freeing up monies from luxury assets such as art, calligraphy, and three high-end houses, said reports emerging from China quoting sources and documents.   ...

The price of gold hit a five-month high. Investors are buying the precious metal because of rising inflation. It is also pushing investors into risky assets - cryptocurrencies and promising companies with no real results. Gold rose to a five-month high, rising to $1868.5 an ounce, The Wall Street...

Tesla founder Elon Musk has hinted at new sales of his company shares in response to US Senator Bernie Sanders' demand to tax the super-rich. On Saturday, the senator posted a message on his Twitter page saying there is a need for "the very rich to pay their fair share". "Want me to sell more...

Inclement weather and restrictions on travel in China because of Covid-19 resulted in stagnation of sales of Burberry in the second quarter, which seem dot downplay the profits reported by the company for the quarter which was better than expected.   After reporting stagnant like-for-like...

Toshiba Corp. of Japan announced plans on Friday to split into three separate entities by spinning off two of its key businesses: energy and infrastructure and device and storage.   Toshiba will retain its 40.6 per cent ownership in memory chipmaker Kioxia, as well as other assets when the...

Sales on Alibaba's e-commerce platforms exceeded 540.3 billion yuan ($84.54 billion) during the world's largest global online Bachelor's Day sale in China, preliminary official figures showed. This year, Alibaba's sale festival was held in a new format, which only began to be implemented last year....

Regulatory issues in China, the largest car market in the world and a market that is amongst the fastest in terms of adopting electric cars, are a headache for selling cars in the market for foreign car brands.   In a European Union Chamber of Commerce assessment, main criticisms regarding...

According to filings made by Tesla Chief Executive Elon Musk on Wednesday, the billionaire sold off shares worth about $1.1 billion so that he could address his tax obligations on an option exercise.   His options to purchase roughly 2.2 million Tesla shares were exercised by Musk and he...