Jack Ma's Ant Group Produces $3.5 Billion Profit in Six Months as IPO Looms

The Chinese financial-technology giant backed by billionaire Jack Ma earned roughly $3.5 billion over a recent six-month period, showing how lucrative the company's business has been as it gears up for a blockbuster IPO. 


 
Buyout Firm EQT's Stock Slumps As Earnings Disappoint

Europe's EQT AB's stock sank Thursday as the tough investing climate triggered by the coronavirus pandemic challenges the industry's ability to generate outsize returns. 


 
Turkey Keeps Rates Unchanged Even as Lira Plumbs Record Lows

The Turkish central bank kept its benchmark interest rate unchanged, in line with President Recep Tayyip Erdogan's demand to keep it low, but leaving the emerging economy exposed to further capital flight and a potential currency crisis similar to the selloff that beset Turkey two years ago. 


 
Australian Dollar Rebounds on Iron Ore and Gold Rush

The Australian dollar is the strongest it has been since early 2019, as rallies in iron ore and gold help to offset economic shocks caused by the coronavirus pandemic. 


 
Florida Charges Guggenheim Insurance Chief for Role in Boat Crash

Florida prosecutors charged Guggenheim Partners's top insurance executive with negligence and reckless driving stemming from his role in a late December boating collision near Fort Lauderdale. 


 
Green-Energy Shares Rise Along With Joe Biden's Polling

Investors betting that Democratic presidential nominee Joe Biden will win the election are buying up clean-energy stocks, sending the share prices of some companies to all-time highs. 


 
Singapore Adds Fresh Charges in Wirecard Case

Singapore police pressed two more criminal charges against a businessman linked to the suspected fraud at Germany's Wirecard. 


 
Standard Bank Cautious as Profits Slide

South Africa's Standard Bank reported a 44% drop in first half headline earnings as credit-impairment charges soared, and it warned of further challenges ahead. 


 
Does Robinhood's Design Make Trading Too Easy?

The Silicon Valley company has turned the complex process of trading stocks into a simple, free swipe across a screen. But some researchers say the app's simplicity nudges inexperienced investors to take bigger risks. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services