With Alibaba stakes cut, SoftBank’s Son calms down on Chinese technology

A journalist raises her hand to ask a question to Japanese SoftBank Group Corp. CEO Masayoshi Son during a press conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo Register now to get free unlimited access to Reuters.com Register TOKYO, Aug 12 (Reuters) – SoftBank Group Corp. (9984.T) The decision to sell Alibaba Group … Read more

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

Stock market bulls are looking at a technical signal for more gains

A statue of Charging Bull, also known as Wall St. Paul, is seen in the financial district of Manhattan in New York City, New York, US, September 9, 2020. REUTERS/Carlo Allegri/ Register now to get free unlimited access to Reuters.com Register NEW YORK, Aug 12 (Reuters) – Some stock market bulls are watching a technical … Read more

Robinhood must face US market manipulation lawsuits over ‘meme stock’ surge, according to judge’s rules

Robinhood Markets, Inc.’s logo appears. At a pop-up event on Wall Street after the company’s initial public offering in New York City, US, July 29, 2021. REUTERS/Andrew Kelly Register now to get free unlimited access to Reuters.com Register Aug 11 (Reuters) – Stock trading platform Robinhood Markets Inc (HOOD.O) It must face claims of market … Read more

SoftBank earns $34 billion from Alibaba stake cut

Cut the stake in the Chinese tech company to 14.6% from 23.7% He says the move will strengthen defenses against a market downturn Booked a loss of $50 billion in the Vision Fund unit in the first half TOKYO, Aug 10 (Reuters) – SoftBank Group Corp. (9984.T) On Wednesday, it said it would gain $34.1 … Read more

Ripple Labs interested in crypto lender Celsius’ bankrupt assets

The Celsius Network logo and representations of cryptocurrency are shown in this illustration taken on June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now to get free unlimited access to Reuters.com Register Aug 10 (Reuters) – San Francisco-based blockchain payments firm Ripple Labs Inc, which is engaged in a high-profile battle with the U.S. Securities Regulatory … Read more

Selling SoftBank on Alibaba could end the disintegration of the taboo

Japan’s SoftBank Group CEO Masayoshi Son attends a press conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon Register now to get free unlimited access to Reuters.com Register LONDON, Aug 10 (Reuters) – Masayoshi Son is thinking the unimaginable at SoftBank Group (9984.T). His $63 billion tech and telecommunications empire will cut its stake in … 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