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Google to Invest $550 Mln in Chinese E-Commerce Company JD.com

Google to Invest $550 Mln in Chinese E-Commerce Company JD.com

Alphabet’s (GOOG) Google announced pre-market Monday that it will invest $550 million in cash in Chinese e-commerce giant JD.com (JD) as part of a strategic partnership. The technology company said that it is collaborating with JD.com to develop next generation retail infrastructure solutions, with the aim of creating personalized and seamless shopping experiences. In return for the investment, Google will […]

Overnight Fixed Income Wrap: Bund and Gilt Yields Edge Lower

Overnight Fixed Income Wrap: Bund and Gilt Yields Edge Lower

Bund and Gilt yields eased in tandem with Treasury yields as fears of an escalating trade war continued to hang over stock markets. Peripherals were underperforming as investor risk appetite appeared to be eroding after European Central Bank President Mario Draghi’s dovish stance on rates boosted Italian BTPs in last week. The 10-year Bund yield was down 0.8 basis point […]

Global Energy Report: China-US Trade Spat Causes Crude to Weaken In Asia, OPEC Eyed

Global Energy Report: China-US Trade Spat Causes Crude to Weaken In Asia, OPEC Eyed

Crude oil prices fell in Asia on Monday with the addition of tariffs on oil and gas exports from the US to China part of a growing rift on trade that unnerved commodity markets as investors looked ahead to an OPEC-led meeting in Vienna where output could be increased. ICE Brent crude futures, the benchmark for oil prices outside the […]