Five Chinese state-owned companies will be withdrawn from the NYSE

Five Chinese state-owned companies will be withdrawn from the NYSE

SHANGHAI / HONG KONG, Aug. 12 (Reuters) – Five Chinese state-owned companies including China Life Insurance (601628.SS) and oil giant Sinopec (600028.SS) said Friday they would withdraw from the New York Stock Exchange amid spikes diplomatic actions and economic tensions with the United States. The companies that also include Aluminum Corporation of China (Chalco) (601600.SS), … Read more

Yoon from South Korea pardons Jay Y. Lee from Samsung to counter the “economic crisis”

Yoon from South Korea pardons Jay Y. Lee from Samsung to counter the “economic crisis”

Samsung’s heir has served 18 months in prison for bribery Businessmen were convicted of a scandal in which he knocked the president down South Korea says the leaders needed help to overcome the economic crisis Samsung can increase investment thanks to pardon Lee – analysts SEOUL, Aug. 12 (Reuters) – South Korean president Yoon Suk-yeol … Read more

The sale of Alibaba SoftBank may end the taboo of disintegration

The sale of Alibaba SoftBank may end the taboo of disintegration

Japanese CEO of SoftBank Group Corp Masayoshi Son attends a press conference in Tokyo, Japan, November 5, 2018 REUTERS / Kim Kyung-Hoon Sign up now for FREE unlimited access to Reuters.com Register LONDON, August 10 (Reuters Breakingviews) – Masayoshi Son thinks the unthinkable at SoftBank Group (9984.T). Its $ 63 billion tech and telecommunications empire … Read more

Musk tries to interrogate Twitter employees who are counting bots – source

Musk tries to interrogate Twitter employees who are counting bots – source

The image of Elon Musk is visible on the smartphone embedded in the printed Twitter logos in this photo illustration taken on April 28, 2022. REUTERS / Dado Ruvic / Ilustracja Sign up now for FREE unlimited access to Reuters.com Register August 10 (Reuters) – Elon Musk’s legal team demands that Twitter Inc. provide the … Read more

Sierra Leone is introducing a nationwide curfew in its deadly anti-government protests

Sierra Leone is introducing a nationwide curfew in its deadly anti-government protests

FREETOWN, Aug 10 (Reuters) – At least two policemen and one civilian have died after a day of anti-government protests in Sierra Leone’s capital city of Freetown, staff at the city’s main morgue said Wednesday. The Sierra Leone government previously said there were deaths but did not provide a number as protesters threw stones and … Read more

Disney hits Netflix on streaming subscribers, sets higher prices

Disney hits Netflix on streaming subscribers, sets higher prices

LOS ANGELES, Aug. 10 (Reuters) – Walt Disney Co (DIS.N) overtook Netflix Inc (NFLX.O) with a total of 221 million streaming customers and announced it will raise prices for customers looking to watch Disney + or Hulu without advertising . The media giant will raise the monthly cost of Disney + ad-free by 38% to … Read more

Musk sells Tesla shares worth $ 6.9 billion, cites a chance for a forced deal on Twitter

Musk sells Tesla shares worth $ 6.9 billion, cites a chance for a forced deal on Twitter

Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory Foundation Stone Ceremony in Shanghai, China January 7, 2019 REUTERS / Aly Song Sign up now for FREE unlimited access to Reuters.com Register Aug. 10 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk has sold $ 6.9 billion of EV manufacturer shares, saying the funds could … Read more

Coinbase is taking losses as the cryptocurrency market turmoil hits trading volumes

Coinbase is taking losses as the cryptocurrency market turmoil hits trading volumes

The cryptocurrency representation is visible in front of the Coinbase logo in this image taken on March 4, 2022. REUTERS / Dado Ruvic / Ilustracja Sign up now for FREE unlimited access to Reuters.com Register Aug. 9 (Reuters) – Coinbase Global Inc (COIN.O) reported a larger-than-expected quarterly loss as investors worried about this year’s loss … Read more

Nasdaq closes lower as chipmaker Micron’s warning renews a technical failure

Nasdaq closes lower as chipmaker Micron’s warning renews a technical failure

Micron falls on forecast of a revenue cut Semiconductor stocks fall on the third session Novavax drops after halving revenues NEW YORK, Aug. 9 (Reuters) – Nasdaq shut down Tuesday after grim Micron Technology forecasts pushed chipmakers and tech stocks down as investors await US inflation data that could prompt the Federal Reserve to tighten … Read more

Terrifying “rounds down” cuts billions in start-up valuations

Terrifying “rounds down” cuts billions in start-up valuations

Aug. 9 (Reuters) – Several high-flying startups are brought down to earth as the recent slaughter in global stock markets and sluggish demand for new quotes force companies to raise funds at a significant discount to their sky-high valuations. Easy venture capital money evaporates quickly in an environment of high inflation-induced interest rates as many … Read more