news

ADFG unit offers to buy Abraaj's investment management arm

19.06.2018, 11:45

A unit of Abu Dhabi Financial Group has made a conditional offer to buy private equity firm Abraaj's investment management business for $50 million, according to a document reviewed by Reuters.

Cryptos Fall After BIS Report Finds Bitcoin Unscalable

18.06.2018, 18:08

Cryptocurrencies fell on Monday, after the Bank of International Settlements said virtual coins were not scalable and likely to suffer from distrust as they become more popular.

Speculative Fervor Builds at Fringe of a Quiet Week for S&P 500

18.06.2018, 17:52

It was an outwardly boring week in the S&P 500. But in chancier corners of the market a decidedly risk-on tone is building, evidence traders are awakening after three months of shell shock.

Google to invest $550 million in Chinese e-commerce giant JD.com

18.06.2018, 17:26

Google will invest $550 million (414.9 million pounds) in Chinese e-commerce powerhouse JD.com (O:JD), part of the U.S. internet giant's efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com (O:AMZN).

U.S. top court mulls Apple's App Store commissions in antitrust case

18.06.2018, 17:05

The U.S. Supreme Court on Monday agreed to take up Apple Inc's (O:AAPL) bid to escape a lawsuit accusing it of breaking federal antitrust laws by monopolizing the market for iPhone software applications and causing consumers to pay more than they should.