Tag Archives: Markets

Why is Alibaba’s stock plunge bad news for Softbank?

The size of the text Getty Images by Charlie Tribune / AFP A sharp drop in shares of Alibaba Group on Thursday came on the heels of news that China is investigating e-commerce giant on issues of antitrust, whose shares have risen. Softbank Group, Japan-based holding company that is Alibaba’s …

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European stocks surged amid hopes of a Brexit trade deal

European stocks are set to open higher in a lighter trading session as traders grew optimistic that a Brexit trade deal would take place. Britain’s FTSE 100 is up 38 points at 6,530 and France’s CAC is up 15 points at 5,552, according to the IG’s index. The German and …

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