New tech index is launched on Hong Kong stock market
A SHARE INDEX for Chinese technology giants, the Hang Seng Tech, has been launched on Hong Kong's stock market.
Companies on the list include internet...
Online push from Inditex as up to 1,200 stores to close
INDITEX, the Spanish owner of fashion and clothing stores Zara, Bershka, Pull & Bear and Massimo Dutti, will close up to 1,200 outlets around...
Virgin Media, O2 merge creating one of UK’s biggest telecoms companies
BROADBAND provider Virgin Media and mobile operator O2 have announced a merger to create what will be one of the UK's largest entertainment and...
Oil price hits negative territory, Virgin ailing, firms need wage aid
CORONAVIRUS infections are dropping in many countries, but corporate and financial impacts are increasingly being felt.
Virgin Australia is going into administration, the US oil...
Bid to ease virus impacts on cash flow ‘flawed’ — CEO
THE UK government’s proposed Coronavirus Business Interruption Loan Scheme (CIBLS) is coming in for some criticism.
HM Treasury and the Bank of England last week...
Press ponders the wisdom and reason for British Steel buy-out
BRITISH Steel late last year announced a “rescue deal” with China's Jingye Group, a move that was expected to safeguard up to 4,000 UK...
Twitter shares tumble in wake of revenue reports
TWITTER shares nosedived after reports of lower-than-expected revenues and rising costs.
Company earnings per-share are at their lowest point in seven months — 17 cents,...
IMF warns of debt ‘timebomb’ thanks to ‘cheap money’ borrowing policies
THE International Monetary Fund warns that low interest rates are encouraging companies to take on a level of debt that could become a “timebomb”.
The...
Thomas Cook ceases trading, leaving tens of thousands of customers stranded...
AFTER almost 180 years in business holiday firm Thomas Cook has collapsed — leaving 150,000 Britons stranded abroad.
The UK Civil Aviation Authority (CAA) said...
Mega-merger of media giants brings stock moves and criticism
BROADCASTING giants CBS and Viacom are set to merge in a media deal that will see shared ownership of MTV, Comedy Central and Paramount...
