‘It’s awful’: Tyro scrambles to fix outages, hits back at short seller claims

ASX-listed payments technology company Tyro has hit back at "false" short seller claims about its technical problems as it continues to scramble to fix outages that have been ongoing for two weeks. Tyro resumed trading on Tuesday after entering a trading halt on Friday following the publication of a report by short seller Viceroy Research […]

QBE hikes catastrophe allowance by 24% after extreme weather

Premiums could rise after insurer QBE increased its allowance for catastrophic weather claims by almost a quarter following a year of unprecedented weather events in Australia and the United States. QBE told investors on Monday it would set aside $US685 million ($890 million) for claims related to extreme weather for calendar year 2021, after breaching […]

Elon Musk Told Twitter to ‘Use Signal,’ Investors Plowed Into the Wrong one

A two-word app recommendation from Elon Musk has turned into a massive rally in the shares of a tiny medical device company in another case of mistaken identity. “Use Signal,” the Tesla Inc. chief executive officer wrote on Twitter on Jan. 7, apparently referring to the encrypted messaging service. By the end of the day, […]

Gold Futures Settle Slightly Lower

Gold futures ended slightly lower on Thursday as fairly strong economic data and optimism about a recovery amid hopes for additional stimulus weighed on the commodity. However, the downside was just marginal as the dollar exhibited weakness against most of its peers. The dollar index was down nearly 0.4% at 90.16, after falling to a […]

Goldman Says Biden’s First Steps Are Bullish for Oil Prices

Initial steps taken by U.S. President Joe Biden’s administration may help support the oil market this year and next, according to Goldman Sachs Group Inc. A focus on fiscal spending, a probable lack of urgency in lifting sanctions on Iran and restrictions on the North American energy industry all combine to support oil prices, analysts […]

Hong Kong Stocks Are Asset Class of Choice for China’s Investors

Investors in mainland China are showing unprecedented interest in Hong Kong stocks, powering the city’s fastest rally for a new year in more than three decades. Mainland traders have bought a net $27 billion worth of Hong Kong shares in January alone, nearing a third what they purchased in all of last year. Keyword searches […]

Bitcoin bull advises caution as cryptocurrency reaches record highs

Bitcoin is the ‘hardest money’ the universe has ever seen: ‘Bitcoin’ author ‘Bitcoin’ author Jason Williams on why bitcoin will be the next global reserve currency. Bitcoin’s surge to record levels has become “unsustainable,” according to one Wall Street pro. Continue Reading Below The cryptocurrency reached a record $40,797 a coin on Thursday, up 38% […]

Grace Tells 40 North It’s Open to Company Sale at ‘Full Value’

W.R. Grace & Co. said it’s open to selling itself to 40 North as long as a transaction reflects the company’s “full value,” opening the door to a deal days after the investment firm raised its bid. The shares surged. The chemical maker is prepared to move quickly to set up talks, Chief Executive Officer […]

World Investments CEO casts doubt on $433m Xinja deal

The head of an Emirati investment group negotiating with neobank Xinja has cast doubt over a $433 million lifeline payment publicised by the fallen fintech, claiming it never agreed to inject that amount of money into the startup. Xinja announced in March last year it had secured $433 million – "the largest single investment in […]

Chamath Palihapitiya's "biggest investment in climate change": ArcLight Clean Transition Corp. to merge with commercial EV maker Proterra

Chamath Palihapitiya said Tuesday that his "biggest investment in climate change" is in commercial EV manufacturer Proterra, which is set to merge with blank-check firm ArcLight Clean Transition Corp.  Palihapitiya noted Proterra's first-mover advantage, revenue growth, and a runway of orders and backlogs as part of his reasoning for the investment. "This transaction enables Proterra […]