Five Chinese state-owned companies should be delisted from the New York Stock Exchange

SHANGHAI/HONG KONG (Reuters) – Five Chinese state-owned companies including China Life Insurance Co. (601628.SS) And the giant oil company Sinopec (600028.SS) On Friday, he said they would remove their names from the New York Stock Exchange, amid rising diplomatic and economic tensions with the United States. Companies that also include China Aluminum Corporation (Shalco) (601600.SS)PetroChina … Read more

Cryptoverse: Blockchain Bridges Fall into Troubled Water

Representations of cryptocurrency Bitcoin, Ethereum and Dash sinking into water in this illustration taken on May 23, 2022. REUTERS / Dado Ruvic / Illustration Register now to get free unlimited access to Reuters.com Register August 9 (Reuters) – Another day, another hack and another blockchain bridge burns out. When thieves stole an estimated $190 million … Read more

SoftBank plans to cut jobs at Vision Fund after record net loss

SoftBank was in a bubble over ratings- son No Sacred Areas to Cut Costs – Brown SoftBank has exited its stake in Uber Announcing a share buyback of 400 billion yen TOKYO, Aug 8 (Reuters) – SoftBank Group Corp. (9984.T) On Monday, Chief Executive Masayoshi Son said the company was planning to cut staff at … Read more

Bridgewater counteracts Chinese ‘All Weather’ imitators

SHANGHAI/NEW YORK (Reuters) – The huge popularity of billionaire hedge fund manager Ray Dalio in China has not only drawn local investors flocking to his money, but has also spawned local rivals using his “All Weather” strategy and branding to try and beat him at his own game. Now, the Connecticut-based hedge fund giant Bridgewater … Read more

Berkshire Hathaway lost $43.8 billion. Operating results improve

Berkshire Hathaway Chairman Warren Buffett walks into the exhibition hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan // File Photo Register now to get free unlimited access to Reuters.com Register Aug 6 (Reuters) – A slump in … Read more

India freezes WazirX assets linked to Binance

Cryptocurrency representations were captured in this illustration, January 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now to get free unlimited access to Reuters.com Register MUMBAI (Reuters) – India’s Financial Crimes Control Agency said on Friday it had frozen the assets of WazirX, which is linked to the world’s largest cryptocurrency exchange Binance, as part of its … Read more

Oil falls with dollar on recession fears; Wall Street ends mixed

Oil hits lowest level before Ukraine as demand outlook deteriorates The Bank of England predicts a recession throughout 2023 Treasury yield curve inversion deepened The dollar falls, the pound falls against the euro OTTAWA (Reuters) – Crude oil fell along with Treasury yields and the dollar on Thursday as recession fears escalated after the Bank … Read more