International News
'Information asymmetry' drives huge price swings in cryptocurrencies
New research has found informed traders and investors’ information asymmetry could be driving huge price changes in cryptocurrencies.
US should hike foreign investment to curb China influence, says Congress report
A report from a US congressional commission recommends that Washington fund infrastructure in developing nations in order to counter Chinese financing deals.
US open: Positive open on the Street following in-line inflation report
Wall Street trading began on a positive note on Wednesday as investors thumbed over the latest reading on inflation and earnings from the likes of Macy's and Blue Apron.
US 'core' October CPI falls short of analysts' forecasts
Inflation in the US accelerated as expected last month, pushed higher by increased energy costs, but underlying price pressures were more modest than economists had anticipated.
FOBT stake cut moved back to April after government U-turn
The government announced on Wednesday it was making a U-turn and the implementation of changes to reduce the stakes of fixed-odds betting machines will be brought forward to next April, instead of October as had been planned.
Asia report: Negativity abounds as oil stocks fall across region
Markets in Asia mostly finished in negative territory on Wednesday, with sentiment affected by a further fall in oil prices.
Touchstone Exploration swings to profit after production jumps
Touchstone Exploration reported on Wednesday that it swung to a profit in the third quarter as the Trinidadfocused oil and gas company benefitted from increased production and rising oil prices.
US pre-open: Stocks seen lower ahead of inflation data
US stocks looked set for a slightly weaker open on Wednesday as investors eyed the latest reading on inflation and earnings from the likes of Macy's and Cisco.
WeWork value jumps to $42bn as SoftBank provides more backing
New York-based office sharing outfit WeWork was valued at a mammoth $42bn as it agreed another major investment from Japanese conglomerate SoftBank.
Snap faces probe from DoJ and SEC over IPO disclosures
US government agencies have launched an investigation into complaints that Snap attempted to cover up the potential threat to growth prospects of its Snapchat platform ahead of its initial public offering last year.
Intervest announces massive capital increase to reach 2018 investment goals
Intervest Offices & Warehouses announced a capital increase on Wednesday, in a bid to continue its growth strategy both in the office portfolio and in logistics real estate, while maintaining the debt ratio between 45% and 50%.
German economy contracts for first time since Q1 2015
The German economy shrank in the third quarter amid weaker exports, marking its first contraction since the first quarter of 2015, according to data released by Destatis.