Exclusive: Tencent Plans to Abandon $24 Billion Meituan Stake

Tencent seeks to start selling Meituan stake this year – sources Sale seeks to appease regulators, monetize 8-year-old betting sources Shares likely to be sold as group trading – sources The move comes after Tencent withdrew JD.com’s investments, SEA stakes Mituan shares are down 10 percent; Tencent shares are recovering HONG KONG (Reuters) – China’s … Read more

Cryptoverse: An Electric Aether Jumping About to Merge

Representations of the cryptocurrency Bitcoin, Ethereum, and Dash sinking into the water in this illustration taken on May 23, 2022. REUTERS/Dado Ruvic/Illustration Register now to get free unlimited access to Reuters.com Register Aug 16 (Reuters) – It appears that the massive upgrade of ethereum is underway. finally. After years of delays, it looks like a … Read more

Third Point unveils nearly $1 billion stake in Disney, pushes for changes

Aug 15 (Reuters) – Hedge fund Third Point on Monday unveiled a nearly $1 billion stake in The Walt Disney Company. (DIS.N) She said she plans to push the media company to make a series of changes, from breaking up cable sports channel ESPN to buying back shares and adding new board members. Billionaire investor … Read more

NYSE writedowns suggest Beijing may be willing to compromise on US review dispute analysts

A trader enters the floor of the New York Stock Exchange (NYSE) in New York City, US, June 14, 2022. REUTERS/Brendan McDermid Register now to get free unlimited access to Reuters.com Register HONG KONG (Reuters) – The move to delist five Chinese state-owned companies from the New York Stock Exchange (NYSE) suggests Beijing may be … Read more

Exclusive: Wall Street revives Russian bond trading after US approval

NEW YORK (Reuters) – Several major Wall Street banks have begun offering to facilitate trading in Russian bonds in recent days, according to banking documents seen by Reuters, giving investors another chance to divest from assets widely seen in the West as toxic. . Most US and European banks pulled out of the market in … Read more

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