Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows
Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook’s planned Libra digital coin.
Sports Direct delays results as House of Fraser deal backfires
British retailer Sports Direct has delayed publishing its annual results, warning problems integrating its purchase of House of Fraser stores and increased scrutiny of its accounts could affect the financial guidance it gave in December.
China second-quarter GDP growth slows to 27-year low as trade war bites, more stimulus seen
China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure.
PSA sales slide on emerging-market setbacks
French carmaker PSA Group’s vehicle sales fell 12.8% in the first half as emerging markets weighed on its overseas business, challenging the trajectory of the Peugeot manufacturer’s recovery.
Encouraging Chinese data pulls Asian shares higher
Asian shares advanced on Monday as investors breathed a sigh of relief after encouraging Chinese data suggested the world’s second-biggest economy may be starting to stabilize thanks to ramped-up stimulus from Beijing.
Slower China GDP growth nudges oil prices lower
Oil prices slipped on Monday after China posted its slowest quarterly economic growth in at least 27 years, reinforcing concerns about demand in the world’s largest crude oil importer.
Hold the beers: Budweiser APAC IPO fail shows valuations face investor push-back
By Julie Zhu, Joshua Franklin, Abhinav Ramnarayan and Philip Blenkinsop
Sports Direct delays results, guidance could be affected
British retailer Sports Direct has delayed publishing its annual results, blaming problems integrating its purchase of House of Fraser stores and increased scrutiny of its accounts, adding this could affect its financial forecasts.
China’s Xiaomi continues chip strategy revamp with investment in semiconductor designer
China’s Xiaomi Corp has taken a stake of roughly 6% in compatriot chip designer VeriSilicon Holdings Co Ltd, as the smartphone maker revamps its years-long pursuit of success in semiconductors which it sees as central to driving innovation.
China second quarter GDP growth slows to 27-year low, more stimulus expected
China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure.
