Alibaba debuts in Hong Kong Stock Exchange
Alibaba has listed on the Hong Kong Stock Exchange in one of the most anticipated stock offerings. Daniel Zhang, Alibaba’s chairman expressed his gratefulness in Alibaba’s return to Hong Kong.
Alibaba has listed on the Hong Kong Stock Exchange in one of the most anticipated stock offerings. Daniel Zhang, Alibaba’s chairman expressed his gratefulness in Alibaba’s return to Hong Kong.
The Federal Reserve, the U.S. central bank, lowered its benchmark federal funds rate for the third time this year and again said this was due to "the implications of global developments for the economic outlook as well as muted inflation pressures."
Facebook has finally revealed the details of Project Libra, its highly ambitious plan to bring cryptocurrency to the masses. Libra, once active, will enable moving money around the world as “easily and cheaply as sending a text message”.
The U.S. Federal Reserve raised its benchmark federal funds rate by another 25 basis points to a target range of 1.75 - 2.0 percent, as universally expected, and forecast that it would raise the rate another two times by the end of this year as inflation is accelerating faster than expected.