Latest

Global bank shares sink over US fears
Global bank shares sink over US fears
Business and Economy
by  AFP

The world's biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender sparked concerns over the wider sector. Deutsche Bank was among the biggest losers on Friday as its shares fell by almost 10 percent after Frankfurt's stock market opened, recovering somewhat later to trade around seven percent lower.

Shares in Chinese developer Kaisa plunge as trading resumes
Shares in Chinese developer Kaisa plunge as trading resumes
Business and Economy
by  AFP

Debt-laden Chinese property developer Kaisa's share price hit a record low on Friday as trading resumed following an 11-month trading halt, with the company saying it is in negotiations with creditors. Shares fell as much as 41 percent to a record low of HK$0.5 (about six US cents) on Friday morning, after the trading halt was lifted as a result of the data release.