Online fast-fashion retailer Shein is reportedly working with investment banks about a possible public listing. The Chinese company has held talks with both the New York Stock Exchange and Nasdaq, Reuters reported Tuesday (July 4), citing sources familiar with the matter. Six sources said Morgan...
Great Britain’s central bank is considering new restrictions on international banks doing business in England. As the Financial Times reported Tuesday (July 4), the Bank of England (BoE) could force more foreign banks to establish British subsidiaries, rather than branches. According to the report, citing...
Meta’s text-based Twitter competitor has a name and an apparent launch date. “Say it more with Threads — Instagram’s text-based conversion app,” reads a listing posted Tuesday (July 4) on Apple’s app store. The new app is expected to debut Thursday (July 6), and arrives...
Singapore-based payments FinTech Nium hopes to become a public company in two years. The $2 billion firm aims to go public in the U.S. by 2025’s second quarter, co-founder and CEO Prajit Nanu said in an interview with Bloomberg News posted Tuesday (July 4), adding that...
The grills are hot. The July Fourth fireworks are primed to sizzle in the night sky. For Big Tech, a long hot summer may give way to … … well, perhaps not all that much relief. At least not on Capitol Hill. And certainly not...
Indian cash-back and rewards app Abound has raised $10 million from the Times Group to expand its remittance offering. The app — owned by the Times of India and formerly known as Times Club — is designed especially for Indian expatriates living in the U.S....
Throughout history, the world’s greatest philosophers have argued whether nature tends toward disorder. It certainly abhors a vacuum. And while the answer to existence’s degree of entropy may still be up in the air, at least one thing is certain: Internal company data, for its...
British financial app Revolut has launched in New Zealand. Customers in the country can now use the app to access foreign currency exchange, peer-to-peer payments, bill splitting and the ability to send and spend in more than 200 currencies, Revolut said in a Monday (July...
ABN AMRO Bank has gone live with a Commercial Banking Applications (CBA) solution for trade finance processes. The Dutch bank is now using the latest version of the Norwegian software vendor’s IBAS GTF – Global Trade Finance Factory to run its global trade finance operations,...
