Category: Business

Bitcoin fell below $60,000 for first time since Nov. 1 on Tuesday, while the cryptocurrency ether also dropped sharply. Bitcoin — which last week hit a new record high of $69,000 — fell to as low as $58,600, its weakest in 19 days, and was last down around 7% on the day . It is […]

Petrol, diesel price drop: Petrol and diesel prices across India remained unchanged for the ninth consecutive day, on Friday, November 12. The price of auto fuel was reduced by the Centre on the eve of Diwali. This was followed by Value Added Tax (VAT) cut by more than 20 states in the following few days. […]

Audi’s supervisory board will discuss on Wednesday ways for the company to enter Formula One, including via possible partnership with McLaren Automotive, two sources said, adding no decision has yet been made. The board of Volkswagen (VOWG_p.DE), which owns Audi, discussed the matter of getting a foot into the Formula One market at a meeting […]

A consortium led by top executives of Razer Inc plans to value the Hong Kong-listed maker of gaming hardware at up to HK$35 billion ($4.5 billion) in a deal to take it private, said two people with direct knowledge of the matter. Chairman Min-Liang Tan and non-executive director Kaling Lim, with a combined stake of […]

Premier Foods (PFD.L), the maker of Mr Kipling and Cadbury cakes, plans to spend most of its earnings from the first half of the year on its supply chain, with the UK battling a shortage of food items as it comes out of the pandemic. The company, which traces its roots to the early 1800s, […]

Investors are heading towards the end of the year in a “risk-on” mood, having reduced cash allocations and lifted their overweight position on U.S. stocks to the highest since August 2013, BofA Securities’ monthly fund manager survey showed. Inflation remains the biggest tail risk for markets but a majority of 61% believes it is transitory […]

French luxury group Kering’s (PRTP.PA) top brand Gucci expects 2021 revenues to be in line or “a little higher” than their 2019, pre-pandemic level, the label’s chief executive Marco Bizzarri said on Tuesday. Gucci’s sales totalled 9.63 billion euros ($10.9 billion) at the end of 2019. Speaking at the Pambianco fashion conference in Milan, Bizzarri […]