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LONDON: Britain took a step into uncharted territory this year, aiming to make its banks safer. But it might have just driven risk to places where it’s less manageable than before.
NEW YORK: The S&P 500 posted its highest closing level since Nov. 8 on Friday as investors clung to signs of progress in the ongoing trade talks between the United States and China.
NEW YORK: Ant Financial is too big to be described as a unicorn. Rather than being worth a few billion dollars, the Chinese payment firm affiliated to Alibaba is planning to raise money at a price that would value it at an eye-popping $150 billion ahead of a possible initial public offering. For such an exotic beast, investors might need to resort to some exotic valuation techniques.
Retailer Tesco Plc's banking arm said on Tuesday that £2.5mil (RM12.9mil) had been stolen from 9,000 customers over the weekend in what cyber experts said was the first mass hacking of accounts at a western bank.
LONDON: Britain's blue-chip share index fell on Wednesday, with a sharp sell-off in retail and property-related stocks outpacing a rally in precious metals miners after prices of safe-haven gold hit a two-year peak.