Klarna valued at $19bn in debut on Wall Street
Shares in buy-now, pay-later lender Klarna jumped on their first day of public trading in the US, giving the firm…
Tag: FINANCE
Japan PM Hopefuls Prepare Leadership Bids, Markets Recoil
Ruling party lawmakers in Japan prepared their bids to replace outgoing premier Shigeru Ishiba on Monday, as financial markets recoiled…
Cyprus Talks to UAE over European Subsea Cable Project
Cyprus has approached the United Arab Emirates for possible cooperation on an EU-financed subsea power cable linking Europe to the…
Gold Poised for Best Week in Three Months; US Jobs Data on Tap
Gold rose on Friday and headed for its best week in three months, supported by growing expectations of a Federal…
World’s largest sports piracy site shut down by police
The world’s biggest destination for illegal streams of live sports events has been shut down, according to a leading anti-piracy…
Saudi Arabia Sells $5.5 Billion in Dual-tranche Sukuk Sale Strong Demand
Saudi Arabia continues to assert its position as a financial powerhouse in international markets, as its latest issuance of dollar-denominated…
Egypt’s Net Foreign Assets Jump to a Record $18.5 Billion in July
Egypt’s net foreign assets rose by $3.54 billion in July to a record $18.5 billion, central bank data showed, as…
Developing Countries Swapping Out of Dollar Debt
Developing countries are moving out of dollar debts and turning to currencies with rock bottom interest rates such as the…
Gold Rises on Increasing Fed Rate-cut Bets, Weaker Dollar
Gold rose on Wednesday as expectations of a US Federal Reserve interest rate cut in September gained traction following mild…