Author: Agency Staff

Guptas sue bank over account closures

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Companies controlled by the Gupta family, whose accounts are being closed down by Bank of Baroda, said they’re taking legal action against the lender to try and stop the termination, which comes after South Africa’s four

Worries that Naspers is a one-trick pony

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Naspers’s conglomerate discount is widening. Its one-third stake in Tencent Holdings alone is now worth 27% more than the South African Internet company’s entire market cap. After a 70% increase in its stock so far this year

Intel’s CEO has had enough of Donald Trump

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For Intel CEO Brian Krzanich, the last straw was US President Donald Trump’s attack on Merck & Co CEO Ken Frazier. Krzanich has paid a price internally for maintaining a relationship with the Trump administration. He planned

Bitcoin is literally soaring into space

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Space-like adjectives are often used to describe bitcoin’s stratospheric price rise. Now there may be some truth in those analogies. Blockstream plans to make the digital ledger underpinning the cryptocurrency accessible via satellite

Guptas said to find new bankers

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The Gupta family, whose accounts are being closed down by the Bank of Baroda’s South African unit, have told the Indian lender that they’ve found another company willing to offer them banking services, according to

Bill Gates gifts $4.6bn to charity

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Bill Gates has made his largest gift since the turn of the century, giving away Microsoft shares that accounted for 5% of his fortune, the world’s biggest. The billionaire donated 64m of the software maker’s shares valued at $4.6bn

Worries grow over Tencent, Alibaba valuations

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Alibaba and Tencent can count themselves among the world’s costliest technology companies after a stellar run. To justify those lofty valuations, China’s two largest corporations have to deliver on some of the riskiest bets they’ve