Markets

NAGA Group posted a 36% decline in revenues for the first quarter of this year. The company has now revealed plans to raise $8.2 million through a convertible bond offering. This offering will not include statutory subscription rights for the...

The US Securities and Exchange Commission (SEC) has filed charges against the Bittrex cryptocurrency exchange and its former CEO, William Shihara. The SEC said the exchange failed to secure registration to operate as a national securities exchange, brokerage platform, and...

Workers at Tesla's Shanghai factory have taken to social media to appeal to the company's CEO, Elon Musk, and the Chinese public after being informed of cuts in performance bonuses. According to the workers, the cuts were attributed to a...

Merck & Co said it would purchase Prometheus Biosciences Inc for around $10.8 billion. Under the purchase deal, Merck will pay $200 for each share of Prometheus Biosciences. The latter is a biotechnology company that is based in California. The...

Most central banks globally have been hiking interest rates to tame inflation. However, consumer prices have remained high, and the efforts to slow down the economy have not been 100% successful. Central banks continue hiking interest rates The global central...

Nissan has announced its growth plans across multiple areas like software and electric vehicles as the automaker's alliance with Renault nears its end. Nissan, Japan's third-largest automaker by sales, is looking to partner beyond the auto industry for software connecting...

JPMorgan Chase & Co has reported a significant deposit increase during the first quarter of 2023. The bank has been reporting positive inflows following the unexpected collapse of two regional banks in the US, Silicon Valley Bank and Signature Bank....

SpaceX has received approval from the Federal Aviation Administration (FAA) to launch its Starship rocket into orbit. The licensing for this launch marked a crucial regulatory step by SpaceX as it looks to test an orbital launch for its towering...

Tesla has slashed the prices of its cars in Europe, Israel, and Singapore. The electric vehicle manufacturer has expanded the global discount drive that commenced in China in January this year. Tesla, like many automakers, has been looking to maximize...

Airplane maker Boeing has announced plans to halt the deliveries of some 737 MAXs. Boeing is dealing with a new supplier problem by Spirit AeroSystems, with the issue dating back to 2019. Boeing halts deliveries for some 737 MAXs The...

Pierre Wunsch, a Belgian policymaker, has said that the European Central Bank needs to reduce its balance sheet. The institution could also halt reinvesting cash acquired from debt maturing in the largest bond-buying scheme to complement additional hikes in interest...

Pierre Wunsch, a Belgian policymaker, has said that the European Central Bank needs to reduce its balance sheet. The institution could also halt reinvesting cash acquired from debt maturing in the largest bond-buying scheme to complement additional hikes in interest...

FTX, a cryptocurrency exchange that filed for bankruptcy in November last year, has announced a recovery of more than $7.3 billion worth of cash and liquid crypto assets. The assets recovered by the exchange have increased by over $800 million...

Exness is a forex and contracts-for-difference (CFDs) brokerage that ended on March with a record total trading volume of $3.88 trillion. The volumes were a 27% increase from the previous month, according to the company's records. Exness March trading volume...

Uniqlo's parent company, Fast Retailing Co Ltd, has reported a 16% increase in its profits for the first six months of its fiscal year. The company shared its full-year outlook on Thursday, which showed significant improvement as the apparel retailer...