[ad_1] NEW YORK (Reuters) – Oil prices rose more than 2% on Wednesday after a better-than-expected U.S. crude inventories report and as Russia said it would continue its cooperation with OPEC to keep the global
Saudi king blames Iran for chaos, says strikes failed to hurt kingdom’s development
[ad_1] RIYADH (Reuters) – Saudi Arabia’s King Salman struck a defiant note against the kingdom’s enemies, saying on Wednesday that missile and drone strikes it blames on Iran had not halted development and reiterating that
China’s Pinduoduo posts bigger loss as costs surge; shares tumble
[ad_1] (Reuters) – China’s Pinduoduo Inc reported a bigger-than-expected quarterly loss on Wednesday due to higher operating expenses, sending the e-commerce company’s shares down 13% before the opening bell. FILE PHOTO: The logo of Chinese
India tightens rules on loan default disclosure for public firms
[ad_1] MUMBAI/BENGALURU (Reuters) – India’s publicly listed firms must disclose any failure to repay loans within 24 hours in cases where 30 days have passed since the default, its securities regulator said on Wednesday, tightening
Target raises full-year forecast ahead of holiday season; shares surge
[ad_1] Shopping carts are seen at a Target store in Azusa, California U.S. November 16, 2017. REUTERS/Lucy Nicholson/File Photo (Reuters) – Target Corp raised its full-year profit forecast after posting better-than-expected quarterly results on Wednesday,
Singapore proposes to regulate bitcoin futures
[ad_1] HONG KONG (Reuters) – Singapore’s central bank plans to bring bitcoin and other similar cryptocurrency futures traded on approved exchanges under its regulation in response to interest from international institutional investors, it said on
Alibaba raises up to $12.9 billion in landmark Hong Kong listing
[ad_1] HONG KONG (Reuters) – Chinese e-commerce giant Alibaba Group raised up to $12.9 billion (£10 billion) in a landmark listing in Hong Kong, the largest share sale in the city in nine years and
Alibaba to price shares at HK$176 in landmark $12.9 billion HK listing – sources
[ad_1] HONG KONG (Reuters) – Chinese e-commerce giant Alibaba Group will raise up to $12.9 billion from its landmark Hong Kong listing and is set to price its shares at a 2.8% discount to their
China trims new benchmark lending rate again to shore up sputtering economy
[ad_1] SHANGHAI (Reuters) – China lowered its lending benchmark rate on Wednesday, as widely expected, to reduce company funding costs and shore up an economy hurt by slowing demand and U.S. trade tariffs. FILE PHOTO:
Wirecard says 2017 audit of Singapore unit not concluded due to probe
[ad_1] FILE PHOTO: The headquarters of Wirecard AG is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder/File Photo FRANKFURT (Reuters) – German payments company Wirecard said restrictions imposed by authorities in Singapore