Why Airbnb’s IPO to outdo Uber, Lyft

The sharing economy is facing the ultimate test in 2019 with a raft of initial public offerings. Even after Uber’s recovery, there remain serious doubts not only about the future of those businesses, but also of the entire sector. Should wise investors avoid the soon-to-IPO Airbnb and publicly-traded Expedia Group, which gets about 10 per […]

India’s RBI stops short of specific steps to aid India shadow banks

Mumbai: India’s central bank said it’s prepared to come to the help of the troubled shadow banking sector if needed, but stopped short of announcing specific action to help the country’s non-bank financial companies. Speaking soon after announcing a cut in interest rates to the lowest in nine years, Reserve Bank of India Governor Shaktikanta […]