Five Chinese state-owned companies to delist from NYSE amid US tensions

Five Chinese state-owned companies to delist from NYSE amid US tensions

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said on Friday they would delist from the New York Stock Exchange , amid economic and diplomatic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) … Read more

South Korea’s Yoon pardons Samsung’s Jay Y. Lee to counter ‘economic crisis’

South Korea’s Yoon pardons Samsung’s Jay Y. Lee to counter ‘economic crisis’

Samsung heir served 18 months in prison for bribery Businessmen have been convicted in the scandal that killed a president S. Korea says leaders must help overcome economic crisis Samsung may increase investment with Lee pardoned – analysts SEOUL, Aug 12 (Reuters) – South Korean President Yoon Suk-yeol pardoned Samsung Electronics (005930.KS) Vice Chairman Jay … Read more

Robinhood to face U.S. market manipulation allegations over ‘meme stock’ rally, judge rules

Robinhood to face U.S. market manipulation allegations over ‘meme stock’ rally, judge rules

The logo of Robinhood Markets, Inc. is seen during a pop-up event on Wall Street following the company’s IPO in New York, U.S., July 29, 2021. REUTERS/Andrew Kelly Join now for FREE unlimited access to Reuters.com Register Aug 11 (Reuters) – Equity trading platform Robinhood Markets Inc (HOOD.O) is facing allegations of market manipulation over … Read more

Sierra Leone imposes nationwide curfew amid deadly anti-government protests

Sierra Leone imposes nationwide curfew amid deadly anti-government protests

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

SoftBank’s sale of Alibaba could end breaking taboo

SoftBank’s sale of Alibaba could end breaking taboo

Japanese Chief Executive of SoftBank Group Corp Masayoshi Son attends a news conference in Tokyo, Japan November 5, 2018. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register LONDON, Aug 10 (Reuters Breakingviews) – Masayoshi Son is thinking the unthinkable at SoftBank Group (9984.T). His $63 billion tech and telecoms empire will cut … Read more

Musk seeks to interview Twitter employees who count bots -source

Musk seeks to interview Twitter employees who count bots -source

An image of Elon Musk is seen on a smartphone atop printed Twitter logos in this illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 10 (Reuters) – Elon Musk’s legal team demands that Twitter Inc. hand over the names of employees responsible for calculating the percentage … Read more

Disney overtakes Netflix on streaming subscribers and sets higher prices

Disney overtakes Netflix on streaming subscribers and sets higher prices

LOS ANGELES, Aug 10 (Reuters) – Walt Disney Co (DIS.N) has edged out Netflix Inc (NFLX.O) with a total of 221 million streaming customers and said it will raise prices for customers who want watch Disney+ or Hulu without ads. The media giant will increase the monthly cost of ad-free Disney+ by 38% to $10.99 … Read more

Musk sells Tesla shares worth $6.9 billion, cites possibility of forced deal on Twitter

Musk sells Tesla shares worth .9 billion, cites possibility of forced deal on Twitter

Tesla CEO Elon Musk attends the groundbreaking ceremony for the Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register Aug 10 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk has sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds … Read more

Nasdaq closes lower as chipmaker Micron’s warning renews tech rout

Nasdaq closes lower as chipmaker Micron’s warning renews tech rout

Micron stumbles on lower revenue forecasts Semiconductor stocks drop for third session Novavax plummets after halving revenue NEW YORK, Aug 9 (Reuters) – The Nasdaq closed on Tuesday after a dismal forecast from Micron Technology dragged chipmakers and tech stocks lower as investors await inflation data in the United States that could lead the Federal … Read more

Dreaded ‘dip’ slashes billions from startup valuations

Dreaded ‘dip’ slashes billions from startup valuations

Aug 9 (Reuters) – Several high-flying startups are being brought down to earth as recent carnage in global stock markets and lackluster demand for new listings force companies to raise funds at a huge discount to their exorbitant valuations. Easy money from venture capital deals is quickly evaporating in an inflation-driven high interest rate environment … Read more