BARCELONA (Reuters) - Renewed turbulence in global markets could put the brake on plans to float the Formula One motor racing business in Singapore next month, a source close to the deal told Reuters on Saturday.
Renewed turbulence in global markets could put the brake on plans to float the Formula One motor racing business in Singapore next month, a source close to the deal told Reuters on Saturday. Formula One ...
The world’s first fully electric racing series wants to make electric vehicles sexy, but purists are skeptical of an event that won’t offer the ear-splitting noise and choke-inducing exhaust fumes of traditional motorsports.
Formula E — which has received the blessing of racing’s governing body, the Fédération Internationale de l’Automobile, and funding from stars including Leonardo DiCaprio — will hold its first race in Beijing on Sept. 13, kicking off nine months of events that will take the championship to ten cities on at least four continents.
MUMBAI: Global financial markets continued to be roiled by the aftershocks of the UK's decision to exit the European Union late last week. While Asian markets, including India, managed to remain relatively resilient on Monday after the selloff on Friday, currencies could not escape the bear assault with the pound crashing to a 31-year low and China's yuan plunging to the lowest since 2010. Gold, considered a safe-haven asset, remained strong amid the uncertainty. The jitters were felt in the US too, with the Dow Jones index opening 200 points down.