Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
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
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Wirecard said Wednesday that it will raise the capital by issuing convertible bonds with a maturity of five years, selling them exclusively to SoftBank.
The notes will convert to an almost 6% stake in the firm. The deal is still subject to the approval of Wirecard shareholders.
Shares of Wirecard jumped more than 9% on the news.
It's part of a tie-up between the two on digital payments, according to Wirecard. SoftBank will help the firm — which ousted Commerzbank from Germany's blue-chip DAX index last year — expand to Japan and South Korea.
"In SoftBank we have found a partner that shares both our passion for new technologies and drive to spearhead the latest innovations, all on a global scale," Wirecard Chief Executive Markus Braun said in a statement.
"In addition, through this potential partnership, we will expand our reach and products to the East Asian markets, thereby further strengthening our position in Asia."
The German company became the subject of much controversy earlier this year following reports of an accounting scandal at its Singapore office. A Financial Times investigation resulted in allegations that the firm used forged and backdated contracts, possibly to inflate revenue.
Wirecard subsequently said it was suing the FT over its reporting. An outside law firm investigating the fraud claims did find evidence that crimes could have been committed, but cleared the company's headquarters of any wrongdoing.
Despite Wirecard's positive stock movement on Wednesday, its share price is still down around 9% since the publication of the FT's initial report on the scandal.