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It is reported that Virgin Atlantic is considering listing on the London Stock Exchange
According to media reports, Richard Branson's Virgin Atlantic is considering an initial public offering and possibly listing on the London Stock Exchange to strengthen the company's finances. According to the report, Branson's Virgin Group owns 51% of the shares in British Crawley Airlines. The airline has been discussing a possible IPO with institutional investors. Insiders said that bankers from Citibank and Barclays have been hired to oversee this listing. Based on positive responses from institutional investors during discussions, the company may announce its IPO intentions in the fall. The initial public offering will be for Virgin Atlantic starting in 1984
The higher-than-expected earnings of US stocks have not yet stimulated the rise in share prices. The market fears that the positive has been exhausted.
Investors have lost interest in the glorious second-quarter earnings season for American companies. A large number of S & P 500 companies' profits have exceeded Wall Street expectations, but their share prices have barely changed. This is the second quarter in a row that investors have been indifferent to the gratifying performance, adding to fears that US stocks, which have risen 18 per cent this year, may have to pull back. The lukewarm market reaction came as novel coronavirus's delta strain spread and Wall Street banks themselves delayed plans to return to the office. Amazon and other tech giants, which usually drive the benchmark index higher, have also fallen recently. "Financial report
Virgin founder plans to fly into space on July 11: want to beat Bezos in the space travel war
Virgin Galactic announced on the 1st that the space tourism company will launch its next test space flight on July 11 and fly founder Branson (Richard Branson) into space, according to a report on the Chinese website. According to reports, Branson's move is seen as an attempt to defeat billionaire Amazon founder Bezos in the space travel war, who plans to go into space on July 20 aboard the Blue Origin spaceship of his company. "after more than 16 years of research, engineering and testing, Virgin Galaxy is at the vanguard of the new commercial space travel industry, which will be open to mankind.
Indian central bank warns that the entry of technology giants into India's financial sector poses a risk to financial stability.
India's central bank warned on Friday that the growing presence of technology giants in the country's digital financial services and payment system could pose a risk to financial stability. In its semi-annual financial stability report, the Reserve Bank of India expressed concern about so-called "large technology companies", saying they could become leading players in financial services, which could make them "too big to fail". "specifically, concerns about fair competition with banks, operational risks, too big to fail, challenges to antitrust rules, cyber security and data privacy have intensified," the bank said in its report. " Although the report does not
Louis Camilleri suddenly resigns as Ferrari CEO and the company is once again facing a leadership crisis
The sudden resignation of Ferrari CEO Louis Camilleri caused the Italian supercar manufacturer to face a leadership crisis for the second time in just over two years, and the company's plans to transition to electric vehicles were thwarted as a result. Chairman John Elkann will temporarily take over as CEO. Just 30 months ago, he chose Camilleri to replace Sergio Marchionne, who passed away in July 2018 due to complications from surgery, and now he has to look again for a new candidate. Camilleri, 65, earlier because of her feelings
Clearing the way for the appreciation of the euro towards $1.25, the risk of verbal intervention by the European Central Bank is temporarily removed.
Euro bulls need not worry about a less likely potential disadvantage: strong verbal intervention by the ECB. In response to a question about the rise of the euro on Thursday, ECB President Christine Lagarde said the central bank's governing council followed the euro "very cautiously", reminiscent of the language in the ECB's previous communiqu é. And cheered traders who had been preparing Ms Lagarde to crack down harder on the appreciation of the euro. The euro's move towards its best annual performance since 2017 has sparked speculation that policy makers may be inclined to oppose appreciation because it further suppresses price levels. However, given the short duration of the ECB,
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