LiveEvergrande Files for Bankruptcy Protection in a US Court
The poster child of China’s property crisis, Evergrande Group, has filed for bankruptcy protection in a US court. The world’s most heavily indebted property developer...
Category : WORLD
US Markets Concerned of Recession as Warren Buffet’s Berkshire Hathaway Dumps Stocks worth $8 Billion
According to the US Securities and Exchange Commission (SEC) filings, Warren Buffett’s firm Berkshire Hathaway dumped a net $8 billion worth of shares during the...
WeWork Warns of Bankruptcy, Share Value Sinks to 13 Cents
WeWork, a shared workspace provider, has warned its investors in a recent Securities and Exchange Commission (SEC) filing that it could go bankrupt. However, WeWork’s...
Wall Street Ends Week Higher On US Soft Landing Faiths
All three major US indexes closed with gains after a deal of Big Tech earnings, economic data and central bank notices increased investor confidence in...
India and Bangladesh Launch Bilateral Trade in Rupees
India and Bangladesh launched a trade transaction in rupees at an event jointly organised by the High Commission of India and Bangladesh Bank in Dhaka....
Jack Ma Backed Ant Group Plans to Buyback Shares at 70% Valuation Below its IPO Price
Ant Group, backed by Jack Ma, is considering a share buyback of up to 7.6% of its shares to retain talent and provide an exit...
World Bank Grants $1.5 Billion Financing Towards India’s Low-carbon Transition
The World Bank has granted $1.5 billion in financing to help India speed the development of low-carbon energy infrastructure. The World Bank said in a...
Asian Shares Subdued, US Indices Mixed as Central Banks Hint at More Rate Hikes
Most Asian stocks fell on Thursday over reaffirmations of an interest rate rise by global central banks as an inflation-fighting resolve, and warning rates may...
World Bank IDA Approves $700 Million Financing for Sri Lanka
The World Bank Board of Directors have approved a $700 million financing for Sri Lanka’s budgetary and welfare support from its concessionary International Development Association...
PM Modi, Biden Announce Defence and Chip Deals on First State Visit
During his first state visit, Prime Minister (PM) Narendra Modi and US President Joe Biden announced a series of defence and commercial deals designed to...