American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Peer-to-peer lending platform Funding Circle announced plans for an initial public offering (IPO) on Monday.
The British start-up, which connects small and medium-sized businesses to investors, said it was looking to raise around £300 million ($387.4 million) by issuing new shares. Funding Circle's potential listing would happen on the London Stock Exchange.
Heartland A/S, the private holding company of Danish billionaire Anders Holch Povlsen, has agreed to buy 10 percent of the issued share capital up to a maximum valuation of £1.65 billion. Povlsen is a major investor in online retailers Asos and Zalando.
"At Funding Circle our mission is to build a better financial world. Today's announcement is the start of the next stage in our exciting and transformational journey. Over the last eight years, we have worked hard to build a platform that is number one in every market we operate in," Samir Desai, CEO of Funding Circle, said in a statement on Monday.
Bank of America Merrill Lynch, Goldman Sachs, Morgan Stanley and Numis Securities have been signed up to act as bookrunners.
Funding Circle operates in the U.K., the U.S., Germany and the Netherlands.
In the six months ended June 30, Funding Circle raked in revenues of £63 million, up from £40.9 million in the same period the year before. Losses widened however to £27 million, up from £19.2 million in the first half of 2017. Funding Circle has facilitated £5 billion of loans to small and medium-sized businesses since it was founded in 2010.
"It is a prime example of a new breed of financial services companies, who by making their products more transparent and more convenient, have democratized access to valuable services and increased economic activity," Neil Rimer, partner at Funding Circle's largest shareholder Index Ventures, said in a statement on Monday.
Other major investors include DST Global, Rocket Internet, Accel, BlackRock, and Temasek.