U.S. stocks extend their post-U.S. election rise with moderate gains that push the Dow above 19,000 and the three major indexes to record closing levels for a second straight day.
Alibaba’s Singles’ Day sales surged past last year’s 91.2 billion yuan ($13.36 billion) total with nearly nine hours left on the clock, but growth was markedly slower than in 2015 as shoppers sought even bigger price cuts. Graham Mackay reports.
U.S. stocks rise sharply in a dramatic turnaround from deep overnight losses as Wall Street digested the upset presidential election victory of Republican Donald Trump.
Stocks surged more than two percent after the FBI said it would not press charges against Democratic nominee Hillary Clinton, who is leading Donald Trump in at least five polls. Bobbi Rebell reports. Continue reading
Facebook shares dive a day after the social media giant warns revenue growth would slow this quarter. Bobbi Rebell reports. Continue reading
Thursday marks thirty years since the Big Bang, when technology exploded onto the financial markets, transforming the industry.
China plans to implement a social credit system that uses big data to monitor the behavior of citizens.
Britain’s pound has fallen again on fears over a so-called “hard” Brexit, dropping below $1.27 for the first time since June 1985. And the UK’s key services sector PMI has also fallen slightly, with financial services in particular bracing for fallout. Hayley Platt reports.
ING Group, the Netherlands’ largest financial services company, plans to shed 7,000 jobs and invest heavily in its digital platforms to achieve annual savings of 900 million euros ($1 billion) by 2021.
PRESS RELEASE, (ProBASE) – ProBASE has been nominated for the 2016 Africa Fintech Awards. The winner of the award will be announced at the Finance Indaba to be held at the Sandton Convention Centre on October 13 in South Africa.